European Central Bank

European Central Bank keeps Key rate at 1%

Stockpreacher Penny Stock Blog (Free subscription) | 06/11/2009

The ECB stays the course. “On the basis of its regular economic and monetary analysis, the Governing Council decided to leave the key ECB interest rates unchanged, ” Jean-Claude Trichet, president of the ECB, said at a news conference. “The current rates remain appropriate,” Trichet said. “The incoming information and analysis that have become available [...]

• European central bank keeps key rate at 1% - Xinhuanet

How Central Bank Repos Create Conflicts Of Interest

SimoleonSense (Free subscription) | 06/11/2009

Thanks Paul for sending this article. Click Here To Learn About How How Central Bank Repos Create Conflicts Of Interest Introduction (via FT/ Alphaville) While investors will be looking for signs that the ECB may be preparing to wean banks off their liquidity programmes, Moody’s warned on Wednesday that such operations may cause conflict of interests for structured [...]

ECB wants euro area governments to implement fiscal exit strategies

People Daily (Free subscription) | 06/11/2009

The European Central Bank (ECB) calls for euro area governments to adopt "fiscal exit and consolidation strategies according to the economic status on Thursday. "The Governing Council of ECB calls upon governments to communicate and implement in a timely fashion ambitious fiscal exit and consolidation strategies based on realistic growth assumptions, with a strong focus on expenditure reforms,"...

• ECB Does Nothing, Indicates Monetary Tightening - iStockAnalyst.com

The flat dollar as ECB, gust holidays veranschlägt without change (AP)

Forex Analytics (Free subscription) | 06/11/2009

The dollar was nearly flat Thursday after the European Central Bank and Bank of England left their respective key interest rates unchanged. More: continued here (c)Autor: Forex Analytics Blog: earn money with Forex convert this post to pdf.Post from: (c)Autor: Forex Analytics The flat dollar as ECB, gust holidays veranschlägt without change (AP) Post from: (c)Autor: Forex Analytics The flat dollar...

The ECB correspamment reaches a first stage at the exit, in December (Reuters)

Forex Analytics (Free subscription) | 06/11/2009

The European Central Bank took its first step toward unwinding its extraordinary support measures for the euro zone economy on Thursday by signaling one-year loans to banks will not be repeated next year. More: continued here (c)Autor: Forex Analytics Blog: earn money with Forex convert this post to pdf.Post from: (c)Autor: Forex Analytics The ECB correspamment [...] Post from: (c)Autor: Forex Analytics...

• ECB takes first step towards exit - Reuters UK

Darling Seeks G-20 Plan to Deal With Asset Bubbles (Update2)

LATICONOMICS (Free subscription) | 06/11/2009

Darling Seeks G-20 Plan to Deal With Asset Bubbles (Update2) By Gonzalo Vina and Emma Ross-Thomas Nov. 6 (Bloomberg) -- U.K. Chancellor of the Exchequer Alistair Darling said the Group of 20 nations should develop a way to tackle asset-price bubbles as the world’s leading economies recover. “We have got to make sure we don’t get ourselves into a situation where some pressure starts...

Whither European Monetary Policy?

Dismal (Free subscription) | 06/11/2009

Enam Ahmed and Melanie Bowler explain the meaning of the latest actions by the ECB and BoE.

eToro Daily Market Review, 6th November

iStockAnalyst.com (Free subscription) | 06/11/2009

Forex Rate Decisions coming from the ECB and UK were at the centre with investors focus on rhetoric as key rates were broadly expected to be left unchanged. Both central banks left their rates unchanged with the ECB key rate at 1% and the UK key rate at 0.5%.Both banks seem more upbeat on the economy with the BoE increasing it’s bond purchase by only £25B the smallest amount since the Quantitative...

EU Finally Puts On A Show That Is Worth Watching Stephen Glain

Snuffysmith's Blog (Free subscription) | 06/11/2009

EU Finally Puts On A Show That Is Worth Watching Stephen Glain The National 11/01/09 In case you missed it, the EU has done something completely out of character. It has become interesting. Consider the countervailing developments that shook the EU last month. In a referendum, Ireland conclusively endorsed the Lisbon Treaty, an administrative reform plan that supporters say will make the common market...

FX059 Foreign Exchange Daily Insight - The Pound rallies after the BoE extend bond purchases

Foreign Exchange Outlook (Free subscription) | 06/11/2009

GBPEUR/GBPUSD The Pound rallied against the Dollar and the Euro yesterday, after the Bank of England raised its bond-purchasing program by just £25 billion, less than economists had predicted and for the third time since March. Policy makers are trying to cement the economic recovery, with the UK economy still languishing in the worst recession ever recorded. The nine-member monetary policy...

Smart Daily Currency Note - 6th November 2009

Currency Matters for UK Businesses (Free subscription) | 06/11/2009

Smart Currency Exchange - Daily Currency Rates for Business Users Daily Inter Bank Currency Exchange Rates 6th November 2009 Currency Rate EURO 1.117 US$ 1.662 CHF 1.689 CAN$ 1.768 AUS$ 1.815 ZAR 12.653 JPY 150.30 HKD 12.880 Comments: The Bank of England increased is quantitative easing programme by £25bn to £200bn but in stark contrast to previous times when the BoE has done this sterling...

Euros lower with $1.4850 in the trade of European morning (AP)

Forex Analytics (Free subscription) | 06/11/2009

The euro was lower against the dollar Thursday though investors expected the European Central Bank to hold its main interest rate unchanged at 1 percent when it meets later Thursday, which should lend support to the euro. More: continued here Provided by Reiseshop Blog ShopForex AnalyticsGold AnkaufMS Net (c)Autor: Forex Analytics Blog: earn money with [...] Post from: (c)Autor: Forex Analytics Euros...

Britain boosts the money supply further

PXDCO Reviews (Free subscription) | 06/11/2009

Click Here to watch how I turned $4000 into $40000 on Forex The European Central Bank and the Bank of England kept interest rates at record lows Thursday as their economies struggle to emerge from recession. 8 Vote(s) Learn how to trade Forex on Auto Pilot Bookmark It Hide Sites $$('div.d26234').each( function(e) { e.visualEffect('slide_up',{duration:0.5}) });

ECB, BoE prepare exit from emergency measures, US stocks jump

The Skeptical Speculator (Free subscription) | 06/11/2009

The ECB is preparing to unwind its emergency programmes. Bloomberg reports : The European Central Bank took its first step toward removing emergency stimulus measures designed to haul its economy out of recession, saying it won’t offer commercial banks 12-month loans next year. “Not all our liquidity measures will be needed to the same extent as in the past” as the economy recovers,...

AIB raises further €750m from bond sale as ECB signals end of aid scheme

The Irish Times (Free subscription) | 06/11/2009

ALLIED IRISH Banks (AIB) has raised a further €750 million in the sale of another unguaranteed bond as the European Central Bank (ECB) signalled it would end exceptional measures introduced to aid euro zone bank funding.