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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. Bank of England halts interest rate rises The Bank of England has brought an end to its run of interest rate rises, holding rates steady for the first time since December 2021. […]
The appointment of Jerome Powell as the next head of the US central bank, the famous Fed, is a reassurance to the financial world that the giant lenders will continue being favored by ample and very cheap money. Last Thursday, Donald Trump, the American President didn’t dare to change the cautious approach to monetary policy. […]
It’s been only three weeks since the EU referendum and Britain seems to be already changing dramatically. Theresa May has already become the second woman Prime Minister in the UK’s history after Margaret Thatcher and following the resignation of David Cameron last Wednesday. The Former Home Affairs Secretary has started now forming the new government in the […]
The Bank of England (BoE) published yesterday its Financial Stability Report warning about the risks that the UK economy is facing after the Brexit vote on June 23. The uncertainty that Britain undergoes both economically and politically is something that the BoE takes into great consideration and aims to provide immediate remedies. While the sterling is hitting […]
The major central banks of the world are currently in the middle of a precise but of dubious results surgical operation on capital markets. On the one hand, the monetary authorities aim at supporting the real economy by injecting more cash into the financial system. On the other, they try to mitigate the risky super […]
During the days ahead of last Thursday’s 3 December meeting of the European Central Bank’s Governing Council, financial markets and market oriented media had been pressing for a stronger monetary accommodation (easing), than what President Mario Draghi finally announced in the afternoon of that day. As a result, the euro appreciated markedly with the dollar […]
On Thursday 22 October Mario Draghi, the President of the European Central Bank delighted the world capital markets with his comment about the “factors that are currently slowing the return of inflation to levels below, but close to, 2% in the medium term” He added that “In this context, the degree of monetary policy accommodation […]
Indisputably, one of the most crucial barriers to economic growth is the lack of adequate financing for SMEs, across the European Union. Indeed, the problem is more acute in the hardest hit by the financial crisis countries like Italy, Spain, Greece, Portugal and Ireland. In some other member states this setback is chronic. The SMEs […]
IMF and World Bank’s spring meetings in Washington DC last weekend gave the opportunity to the European Central Bank (ECB), supported by the Bank of England (BoE), to launch a new monetary policy ‘offensive’ in order to revive the stagnant European economy. Mario Draghi, President of ECB clearly stated that the Eurozone’s central bank will […]
The European Central Bank is deeply worried about the ability of Eurozone’s SMEs to access bank financing at a reasonable cost and under competitive terms. The present business loan stalemate has already bitten into the growth prospects of the euro area, mirrored in the dangerous fall of inflation rate towards the deflation zone and the […]
Today Thursday the new governor of the Bank of England, Mark Carney, is expected to confirm from Nottingham, a historic city in east Midlands, that the central bank of Britain is not to raise its basic interest rate from the currently very low level of 0.5%, “until the Labour Force Survey headline measure of the […]
