SPF inflation expectations have been revised downwards for 2016 from 1.0 to 0.7 percent Real GDP growth expectations are unchanged in the 1.7-1.8% range Unemployment rate forecasts have been revised downward and remain on a downward path Respondents to the ECB’s Survey of Professional Forecasters (SPF, Q1 2016) have revised their inflations expectations for [...]
FRANKFURT—European Central Bank policy makers here are accustomed to looking south for economic trouble spots. In the past, weakness in Greece and southern Europe has hindered growth in the 19-country currency bloc. But when rate-setters meet for a policy decision Thursday, they are expected to be looking far to the east, because Chinese market [...]
European banks will be wary about conducting new business in Iran even after many international sanctions are lifted, European executives and officials have warned — potentially limiting the economic benefits Iran will receive from its landmark nuclear deal with world powers. Still stinging from fines levied by US regulators for breaching the old sanctions [...]
Investors have cried foul, threatening legal action and claiming Portugal is discriminating between holders of the same class of bonds and thus breaching the pari passu principle of equal treatment to protect domestic bondholders. “They are sending a signal that property rights and the rule of law in Portugal are not respected,” said Philippe [...]
The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the Single Resolution Board (SRB) will also apply as of 1 January 2016 (IP/14/2784). A milestone on building the Banking Union [...]
Esteemed Customers, As we prepare to embark ourselves onto the new year, we look back at the challenges and success this year has brought and we are excited to provide you with a taster of what we have in store for you in 2016: The Computime BRSANALYTICS team is in the final stages on [...]
The Federal Reserve’s first interest-rate rise in nine years sent the dollar slightly higher, but has done little to aid the European Central Bank’s apparent bid to weaken the euro materially. The dollar rose 0.5% against the euro Thursday, building on a small gain after the Fed announced Wednesday that it will increase rates from near zero to between [...]
"The tools we have deployed since June 2014 are producing the intended effects," said Mario Draghi in a speech in Bologna today. "Following the recalibration of our instruments decided by the Governing Council earlier this month, the ECB expects inflation to return to its objective without undue delay. The President also said that if [...]
New Depositor Compensation Scheme Regulations transposing Directive 2014/49/EU published On 4 December 2015, Legal Notice 383 of 2015 has been published in the Government Gazette. This Legal Notice, which replaces Legal Notice 369 of 2003, transposes Directive 2014/49/EU, the Recast Depositor Guarantee Schemes Directive. Click here for LN 383 of [...]
The ECB is changing the publication time of the euro foreign exchange reference rates (ECB reference rates) from around 14:30 CET to around 16:00 CET as of 1 July 2016. The ECB reference rates will continue to be determined using the current methodology, which is based on a point-in-time snapshot at 14:15 CET. The [...]