US News Monetary Policy: The ECB is looking for a new strategy
End of Barkhane: Mali facing French military disengagement at Sahel
© AFP / Pascal Guyot French soldiers of Operation Barkhane by patrol in Mali. There are no official comments in the Sahelian capitals concerned by the decision to end Operation Barkhane. In Bamako, where the coup de listened three weeks ago by Colonel Assimi Goïta tense France, the junta in power has still not reacted this Friday, June 11, but the country will have to face many challenges.
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.
several major topics has discussed the Council of theat the weekend: , the associated analytical concept, the orientation of monetary policy "in the middle view", the role of climate policy at the Formulation of monetary policy, and the modernization of communication.
This is apparent from a message from the, which contains no results of these discussions. Most issues were already known in advance.
Gold Price: Miserable Week Check
The gold price starts with negative signs in the new trade week because the dollar is currently tapping to strength. by Jörg Bernhard So scored the dollar index comparing the US currency with six other important currencies, a daily gain of more than 0.5 percent on Friday. At the foreign exchange markets, such strong changes have rather rareness. The two-day session of the US Federal Reserve Fed, which starts tomorrow, ahead of their shadows.
: "It was good to meet again personally, and the Hills of the Taunus were ideal to contact digital communication after months." The Frenchwoman has already been in the fall of 2019 invited to a similar meeting in a noble hotel. At that time, the ECB Council was destroyed and it was about healing wounds. At present, less dispute is noticeable, but the question could, when and how the ECB should leave the crisis mode of the corona period, could again lead to harder discussions.
so far it is considered likely that the inflation target will be simply defined as "two percent" in the future, instead of using the previous formulation "close to, but under two percent." In inflation measurement, the involvement of the cost of living is the property, which is not measured yet, is likely to play a key role.
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.
The "middle view" has always been the joker to classify deviations from the inflation target as tolerable. In this respect, it would be exciting, if there should be a clarification there. The US Federal Reserve now officially pursues the strategy to compensate for deviations from the objective, so that only one average is considered a crucial size.
How is the ECB in climate policy?
so far there are little signs that the ECB develops into a similar direction., above all, the question is exciting whether the ECB holds on to retire this area under the primary mandate of price stability, or perhaps more in communication to the secondary mandate of supporting the European Union (EU) policies (EU). And finally, the ECB wants to communicate a bit easier and understandable.
Video: EM 2021: Jogi Löw praises battle spirit of the Germans to France defeat (Glomex)
United States: production price up 6.6% for one year in May
USA-Economics-Inflation: United States: production price up 6.6% year-on-year in May © Reuters / Timothy Aeppel United States: production price up 6.6% year-on-year in May Washington (Reuters) - Production prices in the United States have increased even more than expected in May, show published statistics on Tuesday by the Labor Department. The production price index (IPP) for final demand increased by 0.8% last month and its rise over one year reached 6.6% after 6.2% in April.
At their next meeting in September, the ECB will probably give you closer information about your strategy. Until then, expectations are likely to increase that it creates clarity about its departure from ultra-light monetary policy.
Ministry: Travel Land Germany restores well .
The Federal Ministry of Economics wants to support tourism in Germany when restarting after the Corona crisis. The Parliamentary State Secretary at the Ministry of Economic Affairs, Thomas Meiß (CDU), presented an action plan to the national tourism strategy on Wednesday. © Markus Scholz / dpa beach chairs and umbrellas are available in Timmendorfer beach for bathing guests.