trending Market Intelligence /marketintelligence/en/news-insights/trending/toejk62pjg-y5-s5ruunjg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

UPDATE: ECB says to end QE after December, signals inflation 'uncertainty'

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

UPDATE: ECB says to end QE after December, signals inflation 'uncertainty'

The European Central Bank will scale back its quantitative easing program before ending it in December in a move widely anticipated by markets, but warned of "uncertainties surrounding the inflation outlook."

The central bank will cut its monthly asset purchases from €30 billion currently at the end of September to €15 billion for a final three months as it gradually weans the bond market off a €2.5 trillion program introduced in 2015 to rescue the banking sector and stimulate lending.

The euro sank against the dollar, falling 0.5% to $1.1728 as of 8:28 a.m ET, in the aftermath of the announcement as the warning of weaker inflation suggested interest rate rises may be delayed for some time.

In its statement, the ECB noted that interest rates the other major monetary tool at the bank’s disposal are set to remain at zero percent, with the deposit facility at -0.40%.

"The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019 and in any case for as long as necessary to ensure that the evolution of inflation remains aligned with the current expectations of a sustained adjustment path," the ECB said.

Martin Enlund, chief FX strategist at Nordea tweeted, "Central Bank's forward guidance on rates a bit on the soft side, as guidance indicates hikes unlikely until Q3, 2019 (or later). ECB continuing to buy €15 billion/month in Q4 this year means they did not go cold turkey, which was a hawkish tail risk."

The bank has struggled to meet its inflation target of 2%, with core inflation only up to 1.1% despite stronger economic growth. While the headline CPI rate did hit 1.9% in May, up from 1.2% in April, this has widely been interpreted as a short-term reflection of higher energy costs, exacerbated by a strong dollar.