首页 社会正文

电报群组大全(www.tg888.vip):ECB’s crisis plan fails to convince bond traders

admin 社会 2022-08-02 02:42:50 18 0

电报群组大全www.tg888.vip)是一个Telegram群组分享平台,飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容,为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

The era of negative rates is over and the governing council is likely to fully take the eurozone into positive rates at its next quarterly economic review on Sept 8.

THE European Central Bank (ECB) has finally pulled the trigger, raising interest rates for the first time in 11 long years and by a larger-than-expected 50 basis points to zero.

The era of negative rates is over and the governing council is likely to fully take the eurozone into positive rates at its next quarterly economic review on Sept 8.

Furthermore, it unveiled an unlimited safety net for peripheral European countries’ bond yields. But it wasn’t enough to convince the market to reduce the spreads on Italian debt, which have soared in recent days.

It is evident that the half-point rate increase persuaded hawks on the governing council to agree to the new Tran *** ission Protection Instrument (TPI), which will allow the central bank to buy unlimited amounts of the bonds of countries when it sees a need to to “counter unwarranted disorderly market dynamics.”

The ECB statement makes that link quite clearly, as did ECB president Christine Lagarde in the press conference. But details remain sketchy, and Lagarde counterbalanced her tough talk with the perhaps-too-honest view that the ECB doesn’t want ever to use the new programme.

Many feel that hawks on the governing council will prevent it ever being brought into action.

The central bank laid out four criteria nations must meet to qualify for assistance under the programme:

Compliance with the EU fiscal framework: not being subject to an excessive deficit procedure.

,

菲律宾博彩网址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。菲律宾博彩网址上菲律宾博彩网址会员登录线路、菲律宾博彩网址代理网址更新最快。菲律宾博彩网址开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

Absence of severe macroeconomic imbalances: not being subject to an excessive imbalance procedure.

Fiscal sustainability: in ascertaining that the trajectory of public debt is sustainable, the governing council will take into account, where available, the debt sustainability *** yses by the European Commission, the European Stability Mechani *** , the International Monetary Fund and other institutions, together with the ECB’s internal *** ysis.

Sound and sustainable macroeconomic policies.

The TPI – which could be nicknamed ‘To Protect Italy’ – will be unlimited in size and depend in scale on severity of risks.

But the euro markets remain unconvinced, seeing this as a shaky compromise.

Defining such issues as the sustainability of a country’s debt is a highly contentious issue, something German Bunde *** ank chief Joachim Nagel highlighted rather pointedly earlier this month.

The collapse of Italian Prime Minister Mario Draghi’s coalition government this week, with national elections now expected in early October, has concentrated the focus even more on the sustainability of more indebted European countries’ borrowing and economic predicament.

The 10-year yield spread of Italy over Germany widened by more than 20 basis points on Thursday to over 230 basis points, close to the four-year high reached in June.

版权声明

本文仅代表作者观点,
不代表本站通辽信息网的立场。
本文系作者授权发表,未经许可,不得转载。

发表评论

评论列表(0人评论 , 18人围观)
☹还没有评论,来说两句吧...

站点信息

  • 文章总数:25278
  • 页面总数:0
  • 分类总数:8
  • 标签总数:3815
  • 评论总数:3368
  • 浏览总数:1728698