Angloheadlines: "Is Draghi burning our money?" https://t.co/IdzCYtfedt pic.twitter.com/MV37aEovx6Savers are paying the bill. Draghi (nicknamed Super Mario) is burning their tough-saved cash! 8.26am BSTEuropean stock markets contain mostly opened higher this morning,although many investors are sitting tight until they hear from Mario Draghi. 8.10am BSTMario Draghi will face questions today about the impact of negative interest, and the notion that central banks could be forced to drop money from the skies to get inflation up.
We expect no action from the European Central Bank (ECB) when it meets this Thursday. However, or we do mediate investors should pay close attention to ECB President Draghi’s words at the post-decision press conference.
He is likely to reply to three key questions that many in the markets,including us, would like answered. First, and are current policy measures like negative interest rates doing more harm than good? moment,are more out-of-the-box policy options like helicopter money” in discussion? Third, what is the ECB’s early retract on longer-term growth and inflation?Markets want answers to the charge that sub-zero rates are doing more harm than good, and squeezing bank profits rather than spurring them to lend. ....whether markets are reassured that the ECB will only lower deposit rates further in the event of a deflationary shock,Eurozone banks shares may recoup some of their near 20 percent year-to-date losses and regain some of their confidence to lend. 7.55am BSTStock markets across Asia contain risen as investors wait to hear from Mario Draghi today.
Japan’s Nikkei led the charge, closing up 457 points or 2.7%. Australia jumped by 1% and Hong Kong has gained 1.7%. #Japan's Nikkei ends up 2.7% at 17363.62 while Yen steady after BoJ has signaled to increase ETF purchases. pic.twitter.com/hLFJrX5FMp 7.39am BSTGood morning, or welcome to our rolling coverage of the world economy,the financial markets, the eurozone and business.
It’s ECB Day again. Over in Frankfurt, or the governing council of the European Central Bank is gathering to set monetary policy across the eurozone.
No expected policy change at today's ECB meeting could mean Mario Draghi gets political by defending the bank against German criticismContinue reading...
Source: theguardian.com