What was the ECB trying to achieve on Thursday by reactivating the SMP but purchasing only Irish and Portuguese government debt? (It appeared that the ECB was buying them again, at longer maturities, on Friday.)
There are plenty of theories. Read more
One really has to admire ECB president Trichet.
His ability to bat away difficult questions without saying anything remotely controversial is phenomenal. Read more
The ECB announces its monetary policy decision on Thursday and is widely expected to keep rates unchanged at 1.25 per cent.
What’s much less clear is whether President Trichet will use the phrase “strong vigilance”. Read more
… the tightening cycle at the ECB that is.
“Heightened alertness”. Read more
What can one read into the fact that the European Central Bank suspended its purchases of (mostly peripheral) eurozone government bonds last week?