empty
08.03.2019 01:09 AM
ECB maintains super-soft monetary policy

This image is no longer relevant

The European Central Bank (ECB) has postponed the interest rate hike for an indefinite period, which means that the slowdown in economic growth in the eurozone has surpassed the calculations of experts.

According to the ECB, the interest rate will remain unchanged until the end of 2019, the previous forecast assumed it would maintain the current rate until September 2019. Since March 2016, the ECB's key refinancing rate is zero.

The ECB's previous forecast assumed an interest rate increase at any time from September 2019. However, after the publication of the economic indicators of Germany and Italy for the fourth quarter of 2018 and weak results at the beginning of the current year, tightening monetary policy seems to be a premature measure.

The problem is that the ECB Chairman Mario Draghi is trying to complete the program of ultra-soft monetary policy, which for the last ten years has supported the project of the single European currency. On the other hand, the European regulator needs to take measures to resume the region's slowing economic growth.

Roman Agafonov,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

US Market News Digest for July 17, 2025

US stock indices closed the day with moderate gains, driven by speculation over Jerome Powell's potential resignation as Chairman of the Federal Reserve, causing short-term volatility in the markets. Investors

Ekaterina Kiseleva 12:36 2025-07-17 UTC+2

Powell's resignation? Markets recover, Nasdaq hits new record

Markets recover from brief sell-off amid Powell's resignation Indices close higher: Dow Jones - 0.53%, S&P 500 - 0.32%, Nasdaq - 0.26% Nasdaq hits fifth all-time high in six sessions

Thomas Frank 11:14 2025-07-17 UTC+2

Nasdaq Storms Highs: Nvidia Soars, Citigroup Closes at 2008 High

Nasdaq Closes at Fourth Record High in Five Sessions Nvidia Surges as China Resume Chip Sales in H1 2020 Citigroup Ends at 2008 Highest After Q2 Profit Beat JP Morgan

Thomas Frank 08:02 2025-07-16 UTC+2

US Market News Digest for July 15

Gilead Sciences stock is showing signs of growth after a strong rebound from the support line, with a projected rise toward the March 10 high of 119.89. Meanwhile, Baidu continues

Ekaterina Kiseleva 14:16 2025-07-15 UTC+2

Bitcoin Breaks $120K, Nasdaq to New Highs: Markets Eager for More Drive

Tuesday Kicks Off Key Economic Data Series and Earnings Season Nasdaq Posts Seventh Record Close Since June 27 Crypto Stocks Jump as Bitcoin Climbs to $120K Waters Merge with Becton

Thomas Frank 10:18 2025-07-15 UTC+2

Markets on edge: Trump targets EU, inflation and China data in focus

Wall Street and European equity indices opened the week in the red, following losses across Asian markets on Monday. Investors are reacting to the latest bout of trade war rhetoric

14:48 2025-07-14 UTC+2

US Market News Digest for July 14

Donald Trump announced 30% tariffs on goods from the EU and Mexico. The initial market reaction was negative, but the S&P 500 partially rebounded thanks to gains in large-cap stocks

Ekaterina Kiseleva 14:36 2025-07-14 UTC+2

Markets on edge: Trump vs. EU, inflation and China data ahead

Wall Street futures and European shares dipped during Monday's Asian session as investors responded to renewed tariff threats from the United States. Despite the aggressive tone, many still believe President

Thomas Frank 10:40 2025-07-14 UTC+2

Stock Boom: Nvidia Crosses $4 Trillion, Bitcoin Not Lagging Behind, Dow and S&P Rising

Indices Rising: Dow Jones Up 0.43%, S&P 500 Up 0.27%, Nasdaq Up 0.09% Nvdia Ends Trading with Historical Valuation, Exceeding $4 Trillion Delta Positive Outlook Stimulates Aviation and Transport Sectors

Thomas Frank 08:37 2025-07-11 UTC+2

Nvidia Makes History: Market Rising, Company Capitalization Breaks $4 Trillion Ceiling

Indices Up: Dow Jones — 0.49%, S&P 500 — 0.61%, Nasdaq — 0.95% Nvidia Is the First Company to Reach $4 Trillion in Market Value AES Jumps on Sale Attempts

Thomas Frank 10:46 2025-07-10 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.