ECB’s fingers crossed for private loans growth

August 4, 2014

Mostly bereft of policy options except for outright quantitative easing, European Central Bank President Mario Draghi hopes that hundreds of billions of euros more in cheap loans to banks will boost inflation.

A question of liquidity

By Mike Peacock
October 31, 2013

The Federal Reserve’s decision to keep printing dollars at an unchanged rate, mirrored by the Bank of Japan sticking with its massive stimulus programme, should have surprised nobody.

Time to taper the taper talk?

August 20, 2013

It’s been three months since the Federal Reserve first hinted that it’s going to have to ease off on its extraordinary monetary stimulus, but financial markets are still not settled on the matter.

Battening down the hatches

By Mike Peacock
June 15, 2012

There’s a high degree of battening down the hatches going on before the Greek election by policymakers and market in case a hurricane results.

When 500 billion euros no longer pops eyes

February 28, 2012

There was a time when 500 billion euros in cash was truly spectacular.

But investors and speculators hoping for an even more eye-popping cash injection at the European Central Bank’s second and most likely last three-year money operation on Wednesday are likely to be disappointed, based on past Reuters polls of expectations.

Diplomacy not needed for top ECB job, says Bundesbank boss

August 20, 2010

Axel Weber, head of Germany’s Bundesbank and a frontrunner to take over the leadership of the European Central Bank next year, thinks diplomacy is over-rated in central bankers.

ECB stuck feeding southern Europe’s cash addiction

August 20, 2010

Spain ECB borrowing

Commercial banks in southern Europe are increasingly addicted to cheap central bank money after dealers shut them out of money markets. Due to this dependency, the European Central Bank will have little option but to keep offering banks cold hard cash for almost nothing – currently it prices its loans at 1.0 percent.

Has it really been three years?

August 9, 2010
European Central Bank Governing Council member and Cyprus Central Bank Governor Athanasios Orphanides addresses parliament in Nicosia, November 27, 2009. REUTERS/Andreas Manolis

European Central Bank Governing Council member and Cyprus Central Bank Governor Athanasios Orphanides addresses parliament in Nicosia, November 27, 2009. REUTERS/Andreas Manolis

ECB payback as easy as ABC

July 1, 2010
Trichet

Trichet

The European Central Bank is breathing a sigh of relief as it managed to take back 442 billion euros in emergency loans lent to banks a year ago without blowing a hole in money markets.

ECB offers olive branch to Greece

March 25, 2010

Athens reacts to news of ECB collateral rule changes

They’ll be smashing plates in Athens tonight and it won’t be because it’s Greek national day.  Instead, Greek banks and investors will be revelling at the fact the European Central Bank came to the party with a big fat collateral present.