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Economic Unease Puts Top Central Bankers Under Renewed Pressure
Keywords:
The ECB stands ready to act with the unanimous support of its 25 member governing policy, says Mario Draghi, president of the ECB. Draghi said that "if oil feeds into other prices, that could generate exactly what we want to avoid, namely a spiralling downward phenomenon" for wages and prices. Mark Carney of the Bank of England, says he will see "how things evolve." The U.S. Federal Reserve might slow planned rate increases in 2016, if inflation remains well below the target of 2%, and conditions indicate adverse effect on the economy.
ECB President Mario Draghi and further easing of monetary policy in October- November 2015
10/23/2015
Grouped Articles
ECB’s Mario Draghi Signals Boost to Stimulus Program
Wall Street Journal 10/23/2015
Wall Street Journal 10/23/2015
ECB’s Stimulus Moves Fall Short of Market Expectations, Hammering Stocks
Wall Street Journal 12/03/2015
Macro Hedge Funds Caught Off Guard by ECB’s Move
Wall Street Journal 12/07/2015
Economic Unease Puts Top Central Bankers Under Renewed Pressure
Wall Street Journal 01/22/2016
Unilever Almost Borrowing for Free Following ECB Bond-Buying Plans
Wall Street Journal 04/26/2016
The Euribor 12 month rate at 0.187% in April 2015, and the impact on housing and homeowner mortgages in Spain, Portugal, Italy and other eurozone countries
04/14/2015
In Spain most mortgage interest rates are tied to the 12 month Euribor, set at about 0.3% above the 12 month Euribor rate, which was 0.187% in April 2015. In Portugal most morgage interest rates are set using the average of the 3 and 6 month Euribor rate, which are close to zero. The result is significant reduction in mortgage payments by a third to half of the original mortgage payment. This is providing significant relief to homeowners with mortgages in Spain, Portugal and Italy. Spain and Portugal suffer from a severe housing crisis and high unemployment. This result of the ECB monetary policy, aids the economic recovery in Europe.
Grouped Articles
Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers
Wall Street Journal 04/14/2015
E.C.B. Sees Early Progress From Its Bond-Buying Program
New York Times 04/15/2015
ECB’s Mario Draghi Signals Boost to Stimulus Program
Wall Street Journal 10/23/2015
Wall Street Journal 10/23/2015
Loan Growth Suffers at Spanish Banks
Wall Street Journal 11/13/2015
Economic Unease Puts Top Central Bankers Under Renewed Pressure
Wall Street Journal 01/22/2016
ECB's Draghi, Germany and Merkel as the ECB announces its $1 trillion bond buying program in Jan 2015- months of careful diplomacy, persuasion and compromise
01/23/2015
Draghi visited Merkel in Berlin, Jan 14, 2015. Months of careful planning in designing the program to meet the concerns of Germany, and an effort to calm German opinion and explain the program led to an extraordinary achievement for Draghi. German leaders Schauble, Merkel and Weidmann, only said the program should not take the pressure off governments to make structural reforms, but no leaders expressed opposition to the program. Geman newspapers also refrained from inciting German opinion about the program, And the program was presented as solely to pursue the target inflation rate of 2%, a core part of the ECB mandate.
Grouped Articles
Compromise and Persuasion Won Grudging Support for E.C.B. Bond Buying
New York Times 01/23/2015
Quiet Start to Central Bank Bond-Buying Program for the Eurozone
New York Times 03/09/2015
Wall Street Journal 03/10/2015
E.C.B. Sees Early Progress From Its Bond-Buying Program
New York Times 04/15/2015
Wall Street Journal 10/23/2015
ECB’s Stimulus Moves Fall Short of Market Expectations, Hammering Stocks
Wall Street Journal 12/03/2015
U.S. Federal Reserve policy under Janet Yellen- 2014-2017
02/12/2014
Grouped Articles
Fed's Yellen Sets Course for Steady Bond-Buy Cuts
Wall Street Journal 02/12/2014
Fed Puts Rate Increase on the Radar
Wall Street Journal 02/20/2014
Yellen Sticks to Plan Amid Weather Doubts
Wall Street Journal 02/28/2014
Wall Street Journal 03/20/2014
Fed Cuts Bond Buying by Another $10 Billion
New York Times 03/19/2014
Federal Reserve’s Bond-Buying Fades, but Stimulus Doesn’t End There
New York Times 06/19/2014
How Mario Draghi, ECB president, sees the problems in the eurozone and policy direction in 2012-2015
01/11/2010
A wide ranging interview with Mario Draghi by Wall Street Journal reporters Blackstone, Karnitschnig and Thomson, which gives insights on how Draghi sees solutions to the crisis in the eurozone and future policy. Draghi favors good fiscal consolidation which combines freeing up labor markets and structural changes for Italy, Spain and other southern countries, with spending reductions, and capital investment in the future as opposed to tax increases for current spending and lack of capital investment for future growth. He points out that with excessive debt to GDP ratios there is no alternative to this right kind of fiscal consolidation. The fiscal consolidation gives the structural changes time to be put in place..
Grouped Articles
ECB Moves Markets, Not Economy
Wall Street Journal 05/03/2013
The Man Whoâll Do Triage on Europeâs Banks
New York Times 10/20/2013
ECB Struggles With Low-Altitude Flying
Wall Street Journal 11/10/2013
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
ECB policies 2014-2017
05/26/2014
Grouped Articles
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
European Central Bank Chief Looks for Silver Bullet
New York Times 06/03/2014
ECB Unveils Rate Cuts, Lending Package
Wall Street Journal 06/05/2014
Wall Street Journal 06/10/2014
ECB’s Coeuré Sends Strong Signal on Asset Purchases
Wall Street Journal 12/18/2014
Peter Praet of E.C.B. Says More Eurozone Stimulus May Be Needed
New York Times 12/31/2014
The expectations for inflation in 2014-2016 and U.S. Federal Reserve chairwoman Yellen's response
05/12/2014
Bernanke pointed to low inflation below the Fed's 2% target during the period of quantitative easing policies in 2010-2013. Higher prices of medical care, housing and import prices are expected in the rest of 2014. Analysts say this will taper off and inflation expectations are still much below 2% for 2014, especially as large number of part time workers keeps wage growth at a low level, and is likely to do so for a considerable period probably into 2015. Higher energy and food costs are not included in the core index for inflation the Fed looks at.
Grouped Articles
Markets Watch, Warily, for a Small Bump in Inflation
Wall Street Journal 05/12/2014
Fed Panel Has Begun to Address How to Gradually Raise Rates
New York Times 05/21/2014
WSJ's Hilsenrath: Fed Can Be Patient on Rate-Hike Debate After Data
Wall Street Journal 08/02/2014
Fed Minutes Show Wariness Over Global Growth
Wall Street Journal 10/08/2014
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/2014
New York Times 10/16/2014
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