The Frankfurt-based institution said it will buy 15 billion euros ($17 billion) of assets a month from October to December, and that a decision to halt the program after that continues to be contingent on incoming economic data. Policy makers reiterated that interest rates will remain at their present record lows “at least through the summer” of 2019.
ECB
Draghi : Significant Stimulus Still Needed to Support Inflation – Gold Silver Reports
Draghi says underlying strength of economy continues to support confidence.
ECB Draghi — Latest data point to ongoing, broad-based growth
ECB sees 2018 GDP growth at 2.0 pct vs 2.1 pct seen in June
The Fed’s Annual Monetary Policy Symposium (organized by the Federal Reserve of Kansas City) will be on August 23 to 25
Gold Silver Reports (GSR) – The theme this year is on “Changing Market Structure and Implications for Monetary Policy”
✅ It will be attended by the elite of the global central banking world and various other big wigs (I think my invitation might have got lost in the mail)
✅ Usually the head of the Fed, the ECB and BOJ attend, along with BoE and so forth.
Draghi Ends ECB Bond-Buying Era Saying Economy Can Beat Risk
Gold Silver Reports (GSR) – Draghi Ends ECB Bond-Buying Era Saying Economy Can Beat Risk — Mario Draghi said the euro-area economy is strong enough to overcome increased risk, justifying the European Central Bank’s decision to halt bond purchases and close an extraordinary chapter in the decade-long struggle with financial crises and recession. The euro fell after the central bank also pledged to keep interest rates unchanged at current record lows at least through the summer of 2019, a longer timeframe than investors had priced in. Policy makers will phase out bond purchases by the end of this year in what Draghi described as a unanimous decision.
Fed, ECB To Define Gold Prices Near Term Target – Analysts
Gold Silver Reports (GSR) – Fed, ECB To Define Gold Prices Near Term Target – Many analysts have noted that gold has followed a well-established pattern: selling off before an expected rate hike to then rise once the dust has settled. The question on many investor’s minds is whether or not this pattern will hold next week as inflation picks up as the U.S. economy continues to grow at a steady clip.
Gold Rates To Trade Upside Today Commodities Market
Gold Silver Reports (GSR) – Gold Rates To Trade Upside Today Commodities Market – What next? Everyone says the market shouldn’t dictate what the voters do. But yes, Italy will still need to borrow from the market. And meantime no – if Italy wants to shrug off the market and vote for a surge in deficit-spending, the ECB will not step in to save the Eurozone’s third largest economy and its No.1 debtor from having to pay higher rates.
Draghi Insists Outlook Is Solid as ECB Skirts QE Debate Again
Gold Silver Reports (GSR) – Draghi Insists Outlook Is Solid as ECB Skirts QE Debate Again — The Governing Council spent its two-day meeting assessing a raft of weaker economic data, the ECB president said at a news conference in Frankfurt. While acknowledging that momentum softened at the start of the year, he reaffirmed his confidence in the durability of the euro-area expansion.
Gold MCX India Under Buying Zone; Support Key @31211—31070
Gold Silver Reports (GSR) – Gold MCX India Under Buying Zone; Support Key @31211—31070 — Gold prices seen pressure as the dollar jumped and U.S. Treasury yields continued to rise on signs of U.S. economic strength and an easing in the U.S.-China trade conflict.
ECB Monetary Policy Update — 28 April 2017
ECB drops zero hints on exiting the quantitative easing program
In the recent policy meeting dated 27th April 2017, the European Central Bank left its ultra-easy policy stance in place. The key interest rates were kept unchanged at “0 percent” and the monthly asset purchases were to be done at €60 billion till the end of December’17 or beyond until the ECB achieves it’s 2 percent inflation target.
ECB Expected to Expand Asset-Buying Program
Gold Silver Reports ~ Gold fell on Wednesday as oil prices and world stock markets rose, and expectations for further monetary easing from the European Central Bank