ECB Won’t Hike Deposit Rate Before 2018
ECB Won’t Hike Deposit Rate Before 2018

ECB Won’t Hike Deposit Rate Before 2018

ECB Won’t Hike Deposit Rate Before 2018

The European Central Bank will not raise its deposit rate until next year at the earliest, according to more than three-quarters of euro money market traders polled by Reuters. Recent better-than-expected economic data from the eurozone has fuelled market speculation the ECB might move away from its ultra-easy monetary policy and raise interest rates as a first move. But comments from three of the central bank’s top policymakers last week suggested it will not deviate from its current policy plan, including record-low rates and monthly asset purchases, until inflation picks up and the economy is on a healthy growth path. Asked when the ECB will raise its deposit rate, currently -0.40%, eight of 18 traders said next year, five said in 2019 and one said in 2020. The remaining four respondents said the ECB could move as early as this year. A regular survey of 22 traders showed banks are expected to borrow €13.0 billion ($13.8 billion) at the ECB’s weekly refinancing operation, a touch less than the €13.2 billion maturing from last week.


Short URL : https://goo.gl/S19AEB
  1. https://goo.gl/G9mc74
  • https://goo.gl/OO3HQN
  • https://goo.gl/c6AzcD
  • https://goo.gl/OGyDg3
  • https://goo.gl/vouysA

You can also read ...

India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
All Asian currencies have declined this year in the fallout from the US-China trade war.
Don’t be fooled as Asian currency swings seemed to be...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...

Add new comment

Read our comment policy before posting your viewpoints