Mario Draghi

ECB: towards less monetary easing? Not yet!

On Thursday March 9th, the ECB has left interest rates on hold and pushes on with QE, despite a strong acceleration in the Eurozone headline inflation (+2% in February). This acceleration is largely due to the recent rise in oil prices and on foodstuffs, the more volatile components of the headline inflation. As Mario Draghi [...]

By |March 9th, 2017|Categories: Analyst's Insight|Tags: , , , , |

ECB: the European firefighter?

On December 8, 2016, Mario Draghi, the European Central Bank (ECB) president, announced an extension of the ECB QE that should have ended at the end of March 2017. Indeed, the ECB expanded its QE to reached EUR 2.28 trillion by the end of 2017 – twice as much as what was initially contemplated when the ECB [...]

By |December 20th, 2016|Categories: Analyst's Insight|Tags: , , , , , |

ECB: the European firefighter?

On December 8, 2016, Mario Draghi, the European Central Bank (ECB) president, announced an extension of the ECB QE that should have ended at the end of March 2017. Indeed, the ECB expanded its QE to reached EUR 2.28 trillion by the end of 2017 – twice as much as what was initially contemplated when the ECB [...]

By |December 8th, 2016|Categories: Analyst's Insight|Tags: , , , , , |

Can you hear the helicopter money? It’s already there!

As the unconventional monetary policy tools lose their effectiveness to fight deflationary pressures and economic slowdown – quantitative easing or QE and negative interest rates policies to name a few – there is wide speculation about the next unconventional monetary policy tools that advanced economies’ central banks could use. In recent months, the hypothesis of [...]

By |May 11th, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

ECB QE: The sky is the limit but what kind of sky, Mr. Draghi?

On Thursday April 21st, the European Central Bank (ECB) held its monetary policy committee and European investors did not expect anything special from this committee. Indeed, there was no big news. The main refinancing rate and the deposit rate remained unchanged at respectively 0% and -0.4%. The amount of bonds purchased by the ECB under [...]

By |April 21st, 2016|Categories: Analyst's Insight|Tags: , , , , |