Monthly Archives: November 2015


Draghi signals ready to act, defends banker meetings

The head of the European Central Bank underlined on Thursday the bank's readiness to extend money printing, warning that a key measure of economic health -- price inflation -- was flagging. In remarks to European Union lawmakers, Mario Draghi also defended private meetings between policy setters and banks and hedge funds, such as executive [...]

By | 2017-07-21T14:29:00+00:00 November 27th, 2015|News|0 Comments

ECB announces Christmas break for QEECB announces Christmas break for QE

The European Central Bank (ECB) said on Wednesday it would temporarily pause its massive bond-buying program between December 22 and January 1, resuming the purchases on January 4. The move is "in anticipation of lower market liquidity during this period and in order to reduce possible market distortions". Carlos Fuchs | CNBC The bank, [...]

By | 2017-07-21T14:29:31+00:00 November 25th, 2015|News|0 Comments

European banks sitting on €1tn mountain of bad debt, survey finds

European banks are sitting on bad debts of €1tn – the equivalent to the GDP of Spain – which is holding back their profitability and ability to lend to high street customers and businesses. According to a detailed analysis of 105 banks across 21 countries in the European Union conducted by the European Banking Authority (EBA), [...]

By | 2017-07-18T14:25:45+00:00 November 24th, 2015|News|0 Comments

Account of the monetary policy meeting held in Malta on Thursday, 22 October 2015

Mr Cœuré reviewed recent financial market developments. Since the Governing Council’s previous monetary policy meeting on 2-3 September 2015, the main event for market participants had been a postponement of the expected first rate hike in the United States, following the last Federal Open Market Committee (FOMC) meeting on 16-17 September. This had reverberated [...]

By | 2017-07-18T14:26:11+00:00 November 19th, 2015|News|0 Comments