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MARTIN HARVEY, FIXED INCOME FUND MANAGER COMMENTS ON TODAY’S ECB DECISION

MARTIN HARVEY, FIXED INCOME FUND MANAGER COMMENTS ON TODAY’S ECB DECISION

The ECB offered little new support to the region’s troubled bond markets at its monthly press conference.  There was a faint hope ahead of the meeting that the council would take bold steps to address the crisis, for example via discussing bond purchases or adding liquidity to shore up confidence. However, Jean-Claude Trichet’s opening statement was notable for its lack of acknowledgement that the crisis had reached a more serious plane, preferring to simply endorse  … Read more »

In : Alternative Investments

Transmission embargo until 10 a.m. CET on Wednesday, 5 May 2010

Transmission embargo until 10 a.m. CET on Wednesday, 5 May 2010

EURO AREA MFI INTEREST RATE STATISTICS: MARCH 2010 In March 2010 the average MFI interest rates on new deposits showed mixed developments. Most of the average MFI interest rates on new loans declined. Basically all average MFI interest rates on outstanding amounts of deposits and loans also declined. … Read more »

In : Alternative Investments

Transmission embargo until 10 a.m. CET on Friday, 30 April 2010

Transmission embargo until 10 a.m. CET on Friday, 30 April 2010

EURO AREA ECONOMIC AND FINANCIAL DEVELOPMENTS BY INSTITUTIONAL SECTOR: FOURTH QUARTER 2009 In the fourth quarter of 2009, the annual growth rate1 of net disposable income in the euro area equalled -0.8%, compared with -3.4% in the third quarter of 2009. Final consumption in the euro area increased in the fourth quarter (0.8% annually, after a decrease, -0.3%, in the previous quarter). The annual growth rate of gross fixed capital formation was -8.6% in the fourth … Read more »

In : Alternative Investments

MONETARY DEVELOPMENTS IN THE EURO AREA: MARCH 2010

MONETARY DEVELOPMENTS IN THE EURO AREA: MARCH 2010

The annual rate of change of M3 increased to -0.1% in March 2010, from -0.3% in February 2010.1 The three-month average of the annual rates of change of M3 over the period January 2010 – March 2010 stood at -0.1%, compared with -0.2% in the period December 2009 – February 2010. … Read more »

In : Alternative Investments

Transmission embargo until 2 p.m. CET on Wednesday, 28 April 2010

Transmission embargo until 2 p.m. CET on Wednesday, 28 April 2010

THE CZECH REPUBLIC AND ROMANIA SIGN THE AGREEMENT ON THE EXCHANGE OF INFORMATION AMONG CREDIT REGISTERS Česká národní banka and Banca Naţională a României have signed the Memorandum of Understanding (MoU) on the exchange of information among national central credit registers for the purpose of passing it on to reporting institutions. In addition, the new and the existing parties to the MoU have agreed to enhance the way in which information is exchanged by increasing the … Read more »

In : Alternative Investments