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Euro zone sovereign bond purchases to .launch this month

Concerns voiced over ECB’s QE programme

In Europe

The Corner | March 2, 2015 | Concerns about the impact that the ECB’s quantative easing programme will have persist ahead of proposed monthly purchase of €60 billion in sovereign bonds.

In Europe

Europe´s locomotive moving along nicely

The Corner | March 2, 2015 | The engine of Europe’s economy outperformed expectations in 4Q2014, and that is good news for all the eurozone. Germany is increasingly depending on internal demand, which was the main contributor to the 1.6% GDP growth last year: 0.4 basis points.

German economic figures are showing encouraging signs
World economy

“The ECB won the debt crisis war, but now it could lose the battle against inflation”

WASHINGTON | March 2, 2015 | By Pablo Pardo | Neil Irwin believes central bankers are the real heroes of the economic crisis that continues to bog down the eurozone. In his book ‘The alchemists’, the New York Times senior correspondent paints Ben Bernanke as a hero and ECB’s Jean-Claude Trichet, as one of the greatest villains.

Neil Irwin
World economy

Morning briefing: China cuts rates

The Corner | March 2, 2015 | The weekend decision of the Chinese Central Bank to cut benchmark lending and deposit rates by 0.25% is geared towards staving off deflation in the country´s slowing economy.

inflationword
In Europe

‘Mostly’ positive signs for Spanish economy

MADRID | March 1, 2015 | By  Sean Duffy | With positive figures being returned on a weekly basis from the Spanish Finance Ministry, Spain appears to have turned a corner in its quest for financial recovery. Yet while the figures are good news for policy makers, the lingering pall of high unemployment continues to cast a shadow over growth prospects.

Spain unemployment
World economy

Central bankers waiting to see who will jump first

The Corner | February 28, 2015 | The fall in oil prices may yet push the Bank of England to raise rates, which it has been keeping at 0.5% since March 2009. It currently owns the equivalent of 25% of UK’s nominal GDP (see graph above).

 

BOE balance sheet
In Europe

Spanish inflation edges up in January

The Corner | February 27, 2015 | Inflation edged up in January, but the figures are unlikely to stop increasingly confident Spanish consumers from spending.

Spanish financial system