All the day’s economic and financial news, including the European Central Bank’s latest decision on interest rates and its stimulus package
It’s two years since the European Central Bank took the plunge and started stimulating the eurozone economy with newly created money.
And just look how it’s grown….
Happy birthday #ECB’s QE program! PSPP launched 2 years ago today. I can’t believe how much you have grown. Just look at you today… pic.twitter.com/CLD1YQV1BG
European stock markets have opened in the red, as investors await news from the ECB at lunchtime.
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
The European Central Bank’s governing council may have a spring in its step today, as policymakers gather for their latest policy meeting in Frankfurt.
The market will be watching for any changes to the ECB’s language today, particularly whether it may drop its current bias toward lower interest rates which would likely be interpreted as a potential signal that the period of ultra-accommodative monetary policy is coming to an end, even if the ECB is still someway from signalling a readiness to raise rates. Our view is that the Governing Council will keep its forward guidance language as is for the time being pointing to the continued weakness of core inflation as justification.
Happy ECB day @50pips
What colour is your tie? pic.twitter.com/y7UYxuETsJ
BREAKING: Tory MP Anne-Marie Trevelyan says amendment needed to remove NIC rise from Budget. Rebellion on.
Everyone in the Neville household is sad at John Lewis banning press from bonus announcement tomorrow… pic.twitter.com/xzOK5fw46o