🔥🇪🇺#qeqt #дкп #ECB #draghi - пресс-конференция ЕЦБ
Draghi: We decided to change the modalities of the TLTRO III to preserve favourable bank lending conditions, ensure the smooth transmission of monetary policy and further support the accommodative stance of monetary policy
Draghi: The interest rate in each operation of the TLTRO III will now be set at the level of the average rate applied in the Eurosystem’s main refinancing operations over the life of the respective TLTRO
Draghi: We decided to introduce a two-tier system for reserve remuneration in which part of banks’ holdings of excess liquidity will be exempt from the negative deposit facility rate to support the bank-based transmission of monetary policy
Draghi: We intend to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when we start raising the key ECB interest rates
Draghi: ❗️We expect the net asset purchases to run for as long as necessary to reinforce the accommodative impact of our policy rates, and to end shortly before we start raising the key ECB interest rates
Draghi: We now expect the key ECB interest rates to remain at their present or lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2%
❗️❗️САМОЕ ГЛАВНОЕ - QE FOREVER!!!!
👇👇👇
Draghi: We expect the net asset purchases to run for as long as necessary
Draghi: We decided to change the modalities of the TLTRO III to preserve favourable bank lending conditions, ensure the smooth transmission of monetary policy and further support the accommodative stance of monetary policy
Draghi: The interest rate in each operation of the TLTRO III will now be set at the level of the average rate applied in the Eurosystem’s main refinancing operations over the life of the respective TLTRO
Draghi: We decided to introduce a two-tier system for reserve remuneration in which part of banks’ holdings of excess liquidity will be exempt from the negative deposit facility rate to support the bank-based transmission of monetary policy
Draghi: We intend to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when we start raising the key ECB interest rates
Draghi: ❗️We expect the net asset purchases to run for as long as necessary to reinforce the accommodative impact of our policy rates, and to end shortly before we start raising the key ECB interest rates
Draghi: We now expect the key ECB interest rates to remain at their present or lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2%
❗️❗️САМОЕ ГЛАВНОЕ - QE FOREVER!!!!
👇👇👇
Draghi: We expect the net asset purchases to run for as long as necessary
⚠️🇪🇺#дкп #ECB #qeqt #мнение
Новый пакет мер стимулирования ЕЦБ непропорционален и может оказаться неэффективным.
❗️Усиливаются признаки дефицита низкорисковых активов, искажения ценообразования на финансовых рынках и чрезмерного стремления к риску на рынках жилья.
- глава ЦБ Нидерландов Клаас Кнот/RTRS
👉 глава ЦБ Австрии
Новый пакет мер стимулирования ЕЦБ непропорционален и может оказаться неэффективным.
❗️Усиливаются признаки дефицита низкорисковых активов, искажения ценообразования на финансовых рынках и чрезмерного стремления к риску на рынках жилья.
- глава ЦБ Нидерландов Клаас Кнот/RTRS
👉 глава ЦБ Австрии
❗️🇪🇺#ECB
ЕП ПОДДЕРЖАЛ НАЗНАЧЕНИЕ ЛАГАРД НА ПОСТ ГЛАВЫ ЕВРОПЕЙСКОГО ЦЕНТРОБАНКА – ГОЛОСОВАНИЕ
ЕП ПОДДЕРЖАЛ НАЗНАЧЕНИЕ ЛАГАРД НА ПОСТ ГЛАВЫ ЕВРОПЕЙСКОГО ЦЕНТРОБАНКА – ГОЛОСОВАНИЕ
🔥❗️🇪🇺#ECB #экономика #дкп #qeqt #европа
экономический бюллетень ЕЦБ
👉 The September policy package
The taxonomy of ECB instruments available for banking supervision
Derivatives transactions data and their use in central bank analysis
EMIR derivatives data open up new avenues for central bank analysis
Learn how EMIR data can shed light on investors’ interest rate expectations
EMIR data allow a first systematic look at activity in inflation-linked swap markets
Household income risk over the business cycle
Income risk in the euro area rises in recessions and affects households unequally
Domestic versus foreign factors behind the fall in euro area industrial production
Euro area industrial production fell on trade tensions in the first half of 2018
Domestic and external factors led to the drop in euro area industrial production in the past year
Liquidity conditions and monetary policy operations in the period from 17 April to 30 July 2019
Economic Bulletin: Average excess liquidity declined by €42.9 billion compared with the previous review period
Economic Bulletin: Liquidity provided through Eurosystem’s monetary policy operations declined by €10.7 billion
Economic Bulletin box: How do profits shape domestic price pressures in the euro area?
Economic Bulletin: Weaker profit margins dampened the increase in domestic price pressures in 2018 but rebounded in the first half of 2019
Economic Bulletin: The slowdown in economic activity and higher oil prices weighed on profit margins in 2018, while lower oil prices drove them up in the first half of 2019
экономический бюллетень ЕЦБ
👉 The September policy package
The taxonomy of ECB instruments available for banking supervision
Derivatives transactions data and their use in central bank analysis
EMIR derivatives data open up new avenues for central bank analysis
Learn how EMIR data can shed light on investors’ interest rate expectations
EMIR data allow a first systematic look at activity in inflation-linked swap markets
Household income risk over the business cycle
Income risk in the euro area rises in recessions and affects households unequally
Domestic versus foreign factors behind the fall in euro area industrial production
Euro area industrial production fell on trade tensions in the first half of 2018
Domestic and external factors led to the drop in euro area industrial production in the past year
Liquidity conditions and monetary policy operations in the period from 17 April to 30 July 2019
Economic Bulletin: Average excess liquidity declined by €42.9 billion compared with the previous review period
Economic Bulletin: Liquidity provided through Eurosystem’s monetary policy operations declined by €10.7 billion
Economic Bulletin box: How do profits shape domestic price pressures in the euro area?
Economic Bulletin: Weaker profit margins dampened the increase in domestic price pressures in 2018 but rebounded in the first half of 2019
Economic Bulletin: The slowdown in economic activity and higher oil prices weighed on profit margins in 2018, while lower oil prices drove them up in the first half of 2019
🇪🇺☢️#крипто #ECB #draghi
Криптоактивы, в том числе и стейблкоины, оказывают ограниченное влияние на кредитно-денежную политику, безопасность и эффективность платежей, а также инфраструктуру рынка и общую стабильность финансовой системы. Кроме того, цифровые активы не обладают характеристиками, которые делали бы их подходящим заменителем денег.
Тем не менее, дальнейшее развитие технологических инноваций и стремительное развитие криптовалютного пространства могут вынудить ЕЦБ изменить свою оценку в будущем.
- Драги
Криптоактивы, в том числе и стейблкоины, оказывают ограниченное влияние на кредитно-денежную политику, безопасность и эффективность платежей, а также инфраструктуру рынка и общую стабильность финансовой системы. Кроме того, цифровые активы не обладают характеристиками, которые делали бы их подходящим заменителем денег.
Тем не менее, дальнейшее развитие технологических инноваций и стремительное развитие криптовалютного пространства могут вынудить ЕЦБ изменить свою оценку в будущем.
- Драги