Category: European Central Bank

Governing Council meeting, ECB 27/10/2022 Governing Council meeting, ECB. 27th October 2022 All lending rates increased by a further 0.75%       The ECB’s Governing Council met on 27th October and voted to raise the cost of borrowing by 0.75%. This decision comes only seven weeks after the previous meeting which also hiked rates by 0.75%. … Continue reading ECB Governing Council 27/10/2022

Governing Council meeting, ECB 8/9/2022 Governing Council meeting, ECB. 8th September 2022 All lending rates increased by 0.75%       Six weeks after the first rate hike in 11 years, the ECB raised the cost of borrowing by a further 0.75% following the meeting of its Governing Council on 8th September. The interest rate on the … Continue reading ECB Governing Council 8/9/2022

Governing Council meeting, ECB 21/07/2022 Governing Council meeting, ECB. 21st July 2022 First rate rise in 11 years       As announced at its previous meeting, the ECB raised interest rates for the first time in 11 years following the meeting of its Governing Council on 21st July. The increase in the main policy rate, however, … Continue reading ECB Governing Council 21/07/2022

Governing Council meeting, ECB 9/6/2022 Governing Council meeting, ECB. 9th June 2022 First rate rise to take place in July       The ECB’s Governing Council met on 9th June and announced that it will implement its first rate hike in 11 years after its next meeting, which is scheduled for 21st July. Interest rates will … Continue reading ECB Governing Council 9/6/2022

Governing Council meeting, ECB 14/4/2022 Governing Council meeting, ECB. 14th April 2022 ECB to taper the APP as well as ending PEPP at the end of March Bucking the trend of most central banks in advanced Western economies, the Governing Council of European Central Bank voted to keep interest rates at 0% at its meeting … Continue reading ECB Governing Council 14/4/2022

Governing Council meeting, ECB 10/3/2022 Governing Council meeting, ECB. 10th March 2022  ECB to taper the APP as well as ending PEPP at the end of March      At its meeting on 10th March, the Governing Council of European Central Bank announced a revision to the increase in the amount of assets purchased under the … Continue reading ECB Governing Council 10/3/2022

Governing Council meeting, ECB 16/12/2021 Governing Council meeting, 16th December 2021 ECB to taper asset purchases but leaves interest rates unchanged       The Governing Council of European Central Bank decided to scale back its asset purchases under the Pandemic Emergency Purchase Programme (PEPP) from January 2022 onwards. It is planned to terminate the programme on … Continue reading ECB Governing Council 16/12/2021

Governing Council meeting, ECB 28/10/2021 Governing Council meeting, ECB. 28th October 2021 ECB to continue with asset purchases as inflation hits 13-year high       The Governing Council of European Central Bank decided to continue with its very accommodative monetary policy at its meeting on 28th October, even though the following day, September’s inflation figures were … Continue reading ECB Governing Council 28/10/2021

Governing Council meeting, ECB 9/9/2021 Governing Council meeting, ECB. 9th September 2021 ECB to slow the rate of asset purchases       With the Eurozone economy growing by 2.2% in the second quarter of 2021, the Governing Council of European Central Bank decided at its meeting on 9th September to slow the rate of its asset … Continue reading ECB Governing Council 9/9/2021

Governing Council meeting, ECB 22/07/2021 Governing Council meeting, ECB. 22nd July 2021 ECB assumes June’s fall in inflation means that it won’t be a problem.       On 22nd July, the Governing Council of European Central Bank met for the first time since the announcement of a change to its inflation target in its strategy review. … Continue reading ECB Governing Council 22/07/2021