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The European Central Bank kept its interest rates unchanged on Thursday and maintained its forecast on monetary stimulus. The main refinancing rate is currently at a record low of zero percent, the deposit rate at 0-0.40 percent and the rate of the marginal lending facility is 0.25 percent.
The ECB expects the key rates to remain at their current level at least during the summer of 2019, and in any case as long as necessary to ensure the continued sustained convergence of the ECB. Inflation at lower levels, but close to, by 2% in the medium term.
its focus for its asset purchases, following its announcement in June of its intention to halve monthly bond purchases from 30 euros to 15 billion euros after September and to close them in December.
The ECB announced its intention to reinvest
The end of asset purchases will also be "contingent on incoming data"
The Deputy Governor of the Bank of England, Ben Broadbent, La BoE recently said will be cautious and will closely monitor the effect on inflation when the time comes to sell its 435 billion pounds of Quantitative Easing (QE) assets. He indicated that interest rates will remain the main policy tool of the central bank and that its policymakers will keep in mind that the effect of QE and its reversal depends on market conditions and market conditions. the communication of the BoE
. to sell government bonds, he bought to boost QE once he increased his interest rate to about 1.5%, against a previous threshold of 2%.
The main interest rate of the BoE is currently 0.5%. He stressed that the BoE would look closely at any disinflationary impact of EQ inversion. It seems that the BoE intends to raise interest rates in a limited and gradual manner.
The Chinese government plans to adopt fiscal and financial measures to support domestic demand, deteriorating trade relations with its main trading partner, the United States. exports
Report compiled by Bank of Valletta for general information only.
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