What to expect this week: October 28 to November 3, 2019
Highlights The Fed’s meeting with a press conference and a press release on Wednesday. Two questions: are disagreements between FOMC members remain as high as in September ? Will the…
Philippe Waechter's blog
What to expect this week: October 21 to 27, 2019
Highlights The ECB meeting (October 24) will be the most important event of the week.During last meeting, the ECB adopted a very accommodative monetary policy stance. This led to important discussions…
ECB accentuates financial repression for an extended period
The ECB has lowered its deposit rate by 10bp to -0.5% and will keep all of its rates at the current level or lower until inflation converges to 2%. In…
What to expect next week: September 9 to 15, 2019.
Highlights The ECB meeting will be the most important event of the week. Bazooka measures are expected with lower deposit rate (associated with a tiering depending on the size of…
The ECB weak capacity to forecast
A few months ago the ECB suggested a rate hike in the fall of 2019. It will finally be a rate cut in September. What is the forecast capacity of…
ECB will reduce its rates as expected
The ECB will cut interest rates in September with probably a differentiated deposit rate regime depending on the amount of deposits. It is considering the resumption of asset purchases. The…
A more accommodative ECB, ok but for what ?
Mario Draghi will most likely announce, for September, measures for a more accommodating monetary policy. A possible rate cut and the resumption of QE would lead to an increase in…
About the ECB
We may be wrong about the #BCE. We would like it to be active and reactive while it is posed and a little languid. Maybe this is on purpose to…