In order to face the current ongoing economic challenges, the ECB opted to cut a deposit rate by 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for another 6 mont…
In order to face the current ongoing economic challenges, the ECB opted to cut a deposit rate by 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for another 6 months and decided to reinvest the principal payments on the securities purchased under the program. The monetary expansion of the ECB is more than expected.
In addition to the rate cut, the central bank revised down its inflation projections for 2016 and 2017. HICP inflation rate is revised down by 1 point to 1.0% and 1.6% in 2016 and 2017 respectively.
The Bank confirmed that expansionary monetary policy and QE program will be in place till 2017. This will lower the bond yields and depreciate euro as well, says Nordea Bank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
