Tag: European Central Bank
As of 0645 GMT, the rand was 0.69% firmer at 16.4500 per dollar, compared with Thursday’s session-low of 16.6150.
While Thursday’s stock market was fueled by the rapid global spread of the coronavirus pandemic, and U.S. President Donald Trump’s announcement of travel restrictions from Europe, markets today are painting an inconsistent and chaotic picture.
Christine Lagarde gave her first speech as the European Central Bank President. Lagarde specifically focused on the changing environment of the world economy and how Europe needs to consider its place and reset its ambitions.
The European Central Bank failed to announce the official key interest rate figure but instead suggested that a rate cut would occur in the near future. President Mario Draghi emphasised a need for more stimulus following the lack of growth from the package put in place following the sovereign debt crisis of 2011.
The European Central Bank (ECB) says it expects rates to stay at present or lower levels at least through the first half of 2020. The bank’s Governor, Mario Draghi made this known while announcing the decision to hold interest rates. Chinonye Nnewuihe, Senior Analyst at Meristem Securities joins CNBC Africa for more.
The European Central Bank is leaving its benchmark interest rates unchanged. President Mario Draghi expressed confidence in the euro zone inflation rally which is expected to pick up towards the end of the year. At a press conference of the monetary policy decision he had this to say.
The European Central Bank says it will halve its bond purchases to 15 billion Euros per month from October and end the purchases at the end of the year. Meanwhile, its president, Mario Draghi, warns of the impact of the rising trade dispute between the United States and other countries on the global markets. Uchenna Minnis, Chief Market Analyst at Eagle Global Markets joins CNBC Africa to discuss the impact of the ECB’s decision on emerging markets.
If Steinhoff’s debt was to be converted into equity, however, the ECB would find itself in a conundrum as the rules that it has given itself only allow for owning debt.
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