Last Thursday, the ECB decided to keep its monetary policy unchanged, as widely expected, and delay a significant change in its stance until the next meeting, as the political situation in France is still sensitive. While experiencing some volatility during the meeting, the euro is currently trading at almost the same level as it was pre-meeting, marking out the meeting as a non-event.
Nevertheless, the meeting gave clues not only about the future path to be followed by the ECB but also on the performance of the European economy, in particular the eurozone. For now, the eurozone will live with a refinancing rate of 0%, a deposit rate of -0.40%, and a pace of monthly asset purchases of €60 billion.
by Evil Knievil| Evil Diaries| 1 mins. to read Diane Abbott is terrific. The Conservatives surely can't believe their luck in Labour's coming up with a putative Home secretary who has not got the slightest idea as to what she is proposing. And, on top of that, she lies.
by Robert Stephens| Equities| 1 mins. to read It is usually not wise to catch a falling knife in the financial markets, or indeed, anywhere else. But the example of Metals Exploration (LON:MTL) does suggest that sometimes rules are there to be broken.
by Zak Mir | Trading | 1 mins. to read Vipera (LON:VIP) is one of many stocks with decent prospects which was originally flagged to me by a Twitter follower – and a decent chap to boot.
by Nick Sudbury | Funds | 5 mins. to read Tougher regulatory requirements that were introduced following the financial crisis have reduced the willingness of the banks to lend to UK small and medium sized enterprises (SMEs).
by Evil Knievil | Evil Diaries | 3 mins. to read There was no borrow this morning in Sirius Minerals (LON:SXX), now 26p. And I had been waiting this last thirty-six hours to pounce.
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