Not exact matches
The European Central
Bank on December 3 dropped one of its main policy rates to negative 0.3 % from negative 0.2 % and said it would extend its
bond -
buying program, under which it creates euros to purchase debt, to at least March 2017.
Much of the shift lower in our yield forecasts derives from the view that the ECB [European Central
Bank] will continue to
buy bonds in its QE [Quantitative Easing]
program.
One line of thinking now is that the central
bank may opt to combine the two
programs and
buy longer - dated
bonds more aggressively, then set as its new target the total balance of
bond holdings or the size of its balance sheet, the sources said.
An executive board member of the European Central
Bank (ECB) has told CNBC that it is too early for the central bank to start discussing a reduction in its bond - buying prog
Bank (ECB) has told CNBC that it is too early for the central
bank to start discussing a reduction in its bond - buying prog
bank to start discussing a reduction in its
bond -
buying program.
Markets in Europe closed higher Thursday after the European Central
Bank (ECB) announced that it plans to extend, but reduce, its
bond -
buying program.
The market remains skeptical that the
Bank of Japan can keep to its
bond -
buying program, says Alvin Liew of UOB.
If Yellen's Fed fails to convince Wall Street about the policy path, a rate increase could trigger financial turmoil of the sort seen in 2013, when investors were caught off guard by the central
bank signaling an end to its
bond -
buying program.
The
Bank of England cut interest rates on Thursday for the first time since 2009, revived its
bond -
buying program and said it would take «whatever action is necessary» to achieve stability in the wake of Britain's vote to leave the European Union.
Some investors are now making calls that the euro zone's central
bank could end its massive
bond -
buying program by the end of next year, with a potential rate increase in the fourth quarter.
Yet while the Fed has eased policy to lower joblessness and raise inflation in the wake of the 2007 - 2009 recession, central
banks such as the BoE have also launched accommodative
bond -
buying programs despite higher - than - desired inflation rates.
Last December, the
bank announced it would extend its
bond -
buying program albeit at a reduced pace of purchases.
These criticisms have grown as the central
bank has rolled out increasingly easy policies, including three big
bond -
buying programs.
It started with the Swiss National
Bank's (SNB) decision to unpeg its currency from the euro earlier this month, followed by a larger - than - expected
bond -
buying program from the European Central
Bank (ECB) on January 22.
By providing liquidity to the broader eurozone (in the form of its monthly
bond -
buying program), the European Central
Bank (ECB) is helping to limit the scale and duration of any contagion related to events in Greece.
The yield on the U.S. 10 year Treasury
bond recently hit 9 - month highs and the 2s10s spread widened on news of the
Bank of Japan trimming its long - dated
bond buying program and questions around China's ongoing purchase of U.S. Treasuries (USTs) with its foreign - exchange reserves.
Central
bank bond -
buying programs — or quantitative easing — have been the key factor driving yields to record lows.
The new Fed chair will likely take the reins from Bernanke in January of next year, right as the central
bank dials back its unprecedented $ 85 - billion a month
bond -
buying program.
The Fed confirmed that its
bond -
buying stimulus
program would end next month, and its new projections suggested some officials saw the risk that rates might have to rise at a faster pace when the
bank eventually starts tightening.
Nightly Business Report has reaction to the European Central
Bank's new historic
bond -
buying program from our across Europe.
Many market participants are expecting the European Central
Bank (ECB) to launch a full - scale quantitative easing (QE)
program in the next few months, whereby it would enter the market and
buy sovereign
bonds in large quantities.
He is also concerned about what happens when the Fed ends its
bond -
buying program, citing the need for more clarity on the central
bank's exit policy.
Yet even Fed policymakers who have raised the alarm on inflation backed the central
bank's decision on Wednesday to let its $ 600 billion
bond -
buying program run to its scheduled end in June.
Asked about Greece — a special case because of the political uncertainties there and because the country continues to labor under an international bailout
program overseen in part by the European Central
Bank — Mr. Draghi said that the bank could buy Greek bo
Bank — Mr. Draghi said that the
bank could buy Greek bo
bank could
buy Greek
bonds.
Mario Draghi, the European Central
Bank president, said Thursday that the governing council agreed to a quantitative easing
program that will see it
buy up to 60 billion euros» worth of
bonds.
When should the central
bank cut back on its massive
bond buying program.
The European Central
Bank (ECB) announced last Thursday, April 26, 2018, that it would maintain its monetary policy and
bond -
buying program, as growth in the eurozone slowed in the first quarter.
You should pay particular attention to what the
Bank of Japan has to say about the Japanese
bond buying program.
Plus, global central
banks have
bond -
buying programs in place, stimulating demand.
Operationally, the Federal Reserve's
program of quantitative easing involves expanding the «monetary base» (currency plus
bank reserves), which it does by
buying up Treasury
bonds and paying for them with zero - interest base money, which is a «liability» of the Fed.
In June 2013, then - Fed Chair Ben Bernanke stepped to the microphone for a regular press conference and suggested the central
bank might start winding down its
bond -
buying program — first enacted in the wake of the 2008 financial crisis — if the economy continued to improve.
After three
bond buying programs known as Quantitative Easing (QE) flooded Wall Street with bountiful amounts of play money while failing to significantly lift wages or economic growth, the U.S. central
bank now has a balance sheet that has quadrupled since the 2008 crisis to $ 4.4 trillion.
For three - straight years — between 2014 and 2016 — the greenback surged higher as the Fed ended «QE3,» the stimulus
program that had the U.S. central
bank buying as much as $ 85 billion worth of government
bonds per month, and did away with the zero - interest - rate policy that was in place since the financial crisis.
Draghi said Wednesday that higher inflation, not growth, is the «very clear condition» for the central
bank to end its
bond -
buying stimulus
program, and that risks to the outlook remain.
This
program, known as Operation Twist, basically involves the central
bank's selling of shorter - term
bonds and
buying longer - dated issues.
Such
bond -
buying programs by the United States Federal Reserve and the
Bank of England were largely considered successful.
On the other hand, the
Bank of Japan has announced that it will begin an «unlimited» Japanese Government
bond buying program.
FRANKFURT — The European Central
Bank is widely expected to announce on Thursday that it will finally begin
buying government
bonds as part of a so - called quantitative easing
program.
Perhaps most importantly, the European Central
Bank's (ECB) corporate
bond -
buying program and second long - term refinancing operation have only recently begun, and they could unlock the lending channels to meet growing credit demand.
Earlier optimism over the European Central
Bank's
bond buying program has waned and concerns about Greece's debt has become a top concern.
Indeed, world currency markets have roared back to life lately after years of hibernation, with a handful of monetary policy surprises — including the European Central
Bank (ECB)'s bigger - than - expected
bond buying program and the Federal Reserve (Fed)'s delay in raising rates — leading to rising volatility, as the chart below shows.
-LRB-...) After years of unprecedented monetary stimulus propping up the world's financial markets, investors are now confronting the reality of an end to the Federal Reserve's
bond -
buying program, which, as expected, the central
bank reduced by another $ 10 billion on Wednesday.
They're taking advantage of low interest rates on euro - denominated issues after the European Central
Bank's decision to start
buying investment - grade corporate
bonds in June — part of its economic stimulus
program.
What everyone most wants to know is when the Fed is going to start tapering off its
bond -
buying program (called Quantitative Easing), which has flooded the
banking system with money for the past five years and kept interest rates abnormally low.
Analysts suggest that the impending European Central
Bank meeting on 22 January, where full - blown
bond buying program could potentially be announced, had a lot to do with the SNB's timing.
FRANKFURT, Germany (AP)-- European Central
Bank keeps key interest rates unchanged, does not extend
bond -
buying stimulus
program.
European Central
Bank (ECB) President Mario Draghi announced the launch of an open - ended, expanded monthly 60 billion euro ($ 70 billion) private and public
bond -
buying program on Thursday.
He argued against ending the Fed's
bond buying program and urged the central
bank to make a commitment to achieving its inflation target before starting to raise interest rates.
The European Central
Bank is set to announce specific plans for its 1.1 trillion Euro
bond buying program an announcement that highlights the dividing and diverging gulf between the US Federal reserve and its European counterparts.
Outright Monetary Transactions are a
bond -
buying program announced in September 2012 in which the European Central
Bank would offer to purchase eurozone countries» short - term
bonds in the secondary market to bring down the market interest rates faced by countries subject to speculation that they might leave the euro.
Examples include the quantitative easing measures adopted by the United States and the European Central
Bank's «unlimited»
bond -
buying program.