Money Monetary Policy: ECB continues to be far open
Monetary Policy: The ECB is looking for a new strategy
The decisive central bankers have made themselves personally for the first time for over a year. An important goal is to communicate clear and understandable in the future.
Despite declining pandemic, the central bank remains largely on its monetary policy course. For inflation, ECB boss Christine Lagarde will comment in the press conference.
The European Central Bank (ECB) holds despite a weakening pandemic and increasing inflation numbers at its extensive economic aid for the economy. The Euro Guardians for Kennbank President Christine Lagarde decided on Thursday that the purchases as part of their trained crisis bond purchasing program Pepp should be further significantly more extensive than at the beginning of the year.
EU Commission is conducting procedures against Germany for ECB judgment against Germany, the EU Commission has initiated a breach of infringement against Germany due to the controversial judgment of the Federal Constitutional Court to bond purchases of t
© Daniel Roland The EU Commission has initiated a breach of infringement against Germany due to the controversial judgment of the Federal Constitutional Court to bond purchases of the European Central Bank (ECB). The Federal Constitutional Court had classified the ECB bond purchase program (ECJ) approved by the European Court of Justice in May 2020 in parts as constitutional.
The central bank had significantly increased the pace of purchases in the spring compared to the initial months of the year. The currency headers want to avoid the financing conditions for companies, states and private households. Because that could endanger the recovery of the economy of the pandemics.
Your key interest rate to supply the economy with money will remove the euro guards on the record low of 0.0 percent. Since March 2016, he is already at this level. The inventory remains at minus 0.5 percent. Money houses thus still need to pay penalty interests if they hoard excess money at the central bank.
The currency headers also prospect to adapt all their instruments if necessary. They jumped the economy weakened by the pandemic with various support measures to the side. The emergency purchase program PEPP, government bonds, company bonds and other titles set up in spring 2020, has already been increased twice.
Energy Prizes Drawing upgrading to the highest level since 2011
The expansion in Germany has reached the highest level with 2.5 percent for almost ten years - and consumers must also focus on price jumps in the coming months. © Felix König / DPA A motorist is at a gas station a tap in the tank opening of its vehicle. For fuels and fuel oil, consumers had last significantly deeper into their pocket than a year earlier. economists expect inflation will continue in the current year, the Bundesbank temporarily holds inflation rates by four percent.
It has a purchase framework of 1.85 trillion euros and purchases should continue until the end of March 2022. In addition, the central bank has launched long-term, very favorable credit lines for banks , which are called "Tltro" in the art.
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In the second quarter, the ECB had significantly increased the pace of purchases to counteract an undesirable increase in bond endors.
In the afternoon, Kennbankchefinadopts the latest monetary policy decisions on a press conference.
As summit ends, G-7 urged to deliver on vaccines, climate .
FALMOUTH, England (AP) — The Group of Seven leaders aim to end their first summit in two years with a punchy set of promises Sunday, including vaccinating the world against coronavirus, making huge corporations pay their fair share of taxes and tackling climate change with a blend of technology and money. They want to show that international cooperation is back after the upheavals caused both by the pandemic and the unpredictability of former U.S. President Donald Trump.