ECB gives Greece a little breathing room but remains cautious

Jul 16, 2015 21:07 pm UTC| Commentary

As expected, most of the QA session was spent on the fallout from Greece. Mr Draghi tried to convince his audience that the ECB was not responsible for the deterioration of the Greek banking sector and remained cautious...

ECB's monetary stance unchanged

Jul 16, 2015 20:48 pm UTC| Commentary

The ECB reiterated its dovish message, and neither recent events (Greece) nor macroeconomic developments (lower oil prices, China presumably) has altered the ECBs current assessment of the euro area economic recovery. The...

ECB relieved by recent Greek developments, but still cautious

Jul 16, 2015 20:36 pm UTC| Commentary Central Banks

As expected, the ECB meeting focused on the fall-out from Greece. President Draghi announced the decision to raise ELA funding by 0.9bn for one week (reportedly said at 89.9bn) and said he was sure both the ECB and the IMF...

Poland's inflation is likely to return to the black at the end of this year

Jul 16, 2015 16:59 pm UTC| Commentary

Softer deflation in Poland is mainly attributable to a statistical base effect and a slight increase in food and transport prices. It is expected that, the Polish Monetary Policy Council will remain in wait-and-see mode in...

In June, inflation in the Central and Eastern European region took another small step on the way up

Jul 16, 2015 16:49 pm UTC| Commentary

In mom terms, inflation accelerated by 0.2 % in Hungary, by 0.1% in the Czech Republic and stagnated in Poland. The structure of the consumer price index was similar across the region. Transport prices went up, in mom...

ECB Meeting: 18 questions about Greece

Jul 16, 2015 16:36 pm UTC| Commentary

The most interesting part of todays ECB meeting was the ECBs decision to raise the ELA funding to Greek banks by EUR900bn over one week. The decision follows the Greek parliaments approval of the prior actions, which has...

ECB committed to fully implementing QE

Jul 16, 2015 16:13 pm UTC| Commentary

As expected, the GC decided to leave its monetary policy unchanged and restated its commitment to continue its asset purchase programme at least until September 2016, until we see a sustained adjustment in inflation...