European Central Bank head promotes structural, fiscal policies in growth

14 Décembre, 2019, 00:37 | Auteur: Auguste Feret
  • European Central Bank head promotes structural, fiscal policies in growth

But she did signal that the ECB's forthcoming strategic review of its policy framework would be a wide-ranging exercise, in her press conference today (December 12).

"Monetary policy involves a lot of subtle signalling and it remains to be seen if and how Lagarde will be willing to drop policy hints, or use code words to guide markets", said Frederik Ducrozet of Pictet Wealth Management.

The policy review will "turn each and every stone", she said.

The bank's new president said at her first news conference Thursday that she will lead a top to bottom review of how the institution sets monetary policy, looking at everything from how it defines success in fighting inflation to whether it can play a role financing the fight against global warming. We will, therefore, closely monitor inflation developments and the impact of the unfolding monetary policy measures on the economy.

Lagarde said the European Central Bank was seeing "some initial signs of stabilisation in the growth slowdown", despite "persistent global uncertainties". It was the bank's first policy meeting under newly appointed Ms. Lagarde. Lagarde said that package, decided before she took over from Mario Draghi on Nov.1, would continue to support the economy with easier borrowing terms for companies.

"I will have my own style", she told the press, as reported by The New York Times.

US retail sales for November short of expectations
Moreover, strip out just cars and gasoline and retail sales were unchanged on the month after rising 0.2% last month. Online sales have jumped 11.5% in the past year, almost quadruple the overall increase in retail sales.

Fishermen Save Bald Eagle Caught in the Grip of a Giant Octopus
However, they remain protected under the Bald and Golden Eagle Protection Act, the Migratory Bird Treaty Act and the Lacey Act. The farmers reportedly made a decision to intervene when it became clear that the bird was going to drown if they didn't help.

US, Taliban peace talks interrupted again after the 'Bagram' attack
Therefore, Khalilzad said, " We're taking a brief pause for them to consult their leadership on this essential topic". Taliban spokesman Suhail Shaheen said Friday's meeting was "very good and friendly".

"Once and for all, I'm neither a dove nor a hawk, and my ambition is to be this owl, that is often associated with a little bit of wisdom", said Lagarde.

Lagarde said that risks still remain for the eurozone economy, including geopolitical tensions, trade disputes and volatility in emerging markets, but now they "have become somewhat less pronounced".

Financial analysts see the European Central Bank on hold throughout next year, a view that was strengthened by the Fed signaling on Wednesday that it was unlikely to touch USA interest rates in 2020.

Inflation has averaged just 1.2% thus far in 2019, quite a bit below the bank's target.

"Is it satisfactory? It's certainly directionally good, but is it the aim that we pursue? There is no preconceived landing zone at this point in time", she added of the exercise, which mirrors a similar endeavor under way in the United States.

The bank may consider adjusting its inflation target, changes to the governing council's voting procedure, and whether climate change should be something that factors into its decisions.

Conseillé:

  • New Vietnam circuit layout after extra corner added

    It was inspired by Hanoi's Imperial Citadel of Thang Long, which was set to be ready at the end of the year. It takes its inspiration from other notable tracks such as Suzuka and Nurburgring .
    Jenkins tweets 'best news ever' after release

    Jenkins tweets 'best news ever' after release

    Giants head coach Pat Shurmur confirmed Friday that Jenkins refusal to sincerely apologize was the reason for his release. Shortly after the release, Shurmur indicated that the cornerback's lack of contrition led to the decision to move on.
    Champions League: Zidane believes Real Madrid can beat Liverpool in knock out

    Champions League: Zidane believes Real Madrid can beat Liverpool in knock out

    Eric have been involved in all five matches in the U19 competition prior to today's game with one assist to his name. Brugge had their chances too, particularly early on, but we were far better in the second half.
  • U.K. General Election: Voters and Their Dogs Head to the Polls

    U.K. General Election: Voters and Their Dogs Head to the Polls

    At the time of writing, we're mere hours away from having the ability to vote in the third General Election in 4 years . Pencils shall be offered as ink from pens can smudge on the paper and runs the danger of spoiling the poll.
    Neymar porte de nouveau plainte contre le Barça

    Neymar porte de nouveau plainte contre le Barça

    Neymar réclame plus de 30 millions d'euros dans cette affaire, qui doit se régler devant le tribunal également. Après 4 saisons glorieuses avec le Barça , Neymar s'est engagé avec le PSG à l'été 2017.
    Movie Minute Richard Jewell

    Movie Minute Richard Jewell

    There is no disputing that Richard Jewell was an innocent man whose reputation and life were shredded by a miscarriage of justice. It'd [Leonardo DiCaprio] attached to it at some point", he explained. "They could have done their digging.
  • Someone Ate the $120,000 Duct-Taped Banana

    Someone Ate the $120,000 Duct-Taped Banana

    CryptoGraffiti , an artist who produces all sorts of artwork related to cryptocurrency, saw the development unfold and was inclined to make his own iteration.
    Saudi Aramco briefly hits crown prince's $2 trillion valuation target

    Saudi Aramco briefly hits crown prince's $2 trillion valuation target

    Some analysts said there could be a delay before the Aramco price leveled and some investors would benefit from the IPO. It was then valued at around $1.87 trillion - which still is far more than runner up Apple, worth around $1.2 trillion.
    Chine - Etats-Unis : Pékin annonce un accord préliminaire avec Washington

    Chine - Etats-Unis : Pékin annonce un accord préliminaire avec Washington

    Mais cet accord, annoncé comme imminent depuis plusieurs semaines par l'administration de Donald Trump, tarde à se concrétiser. Pékin a assuré jeudi que les négociateurs des deux pays maintenaient "une étroite communication", sans autres précisions.
  • Cardinals release veteran LB Terrell Suggs, who will go on waivers

    Cardinals release veteran LB Terrell Suggs, who will go on waivers

    In a surprising late season roster move, the Arizona Cardinals have released seven-time Pro Bowler Terrell Suggs . He started all 13 games for Arizona this season and recorded 5.5 sacks, four forced fumbles, and 37 tackles.
    Rohit becomes LaLiga's India brand ambassador

    Rohit becomes LaLiga's India brand ambassador

    It takes time for any sport to develop in a country. "Everybody wants to pick up the bat and play cricket in India", added Rohit. There is no hiding to the fact that 2019 has been a remarkable year for the Indian vice-captain Rohit Sharma .
    Caroline Flack charged with assault following private domestic incident

    Caroline Flack charged with assault following private domestic incident

    TV presenter Caroline Flack - who hosts ITV's Love Island - has been charged with assault after reports of a man being attacked. She celebrated her 40th birthday recently, and has been seeing tennis player and model Lewis Burton, 27, since the summer.


Populaire

Juvenile suspect arrested in killing of Barnard College freshman
Bleeding and severely wounded, Majors "staggered" back up the stairs to the security guard booth on Morningside Drive, he said. Investigators recovered a knife Thursday but were not certain whether it was connected to Majors' death.

Lord of the Rings Loses Black Mirror's Will Poulter
The present's core solid, which has but to be confirmed by Amazon, contains Ema Horvath , Markella Kavenagh and Joseph Mawle . Unfortunately, we have no idea as to who Will Poulter would have been playing in the Lord of the Rings series on Amazon.

Cyberpunk 2077 - Behind the Music of Night City
Cyberpunk 2077 will be released on April 16th for PC, Xbox One and Playstation 4, with a Google Stadia version slated for 2020. It goes without saying that you can't have a good cyberpunk experience without some good cyberpunk music backing it up.

Gunman (16) killed and hung from traffic light
Hashd al-Sha'abi sources have said the USA was allowing Daesh to roam freely under its watch in Iraq's western Anbar province. On Thursday, witnesses said, he climbed up onto the roof of his house and began shooting in the air with a pistol.

Is China Trade Deal Done? Trump Comments on Twitter
Trump, in his tweet , also mentioned energy and manufactured goods, "plus much more", without offering further details. In exchange, he said, the US would reduce the tariff rates on many Chinese imports, which now range from 15% to 25%.

Galaxy Note 10+: Star Wars Edition unboxing
I don't know, for me anyway, when I see that [backlash], I'm like, well, that's actually not true. Grant, Keri Russell, Mark Hamill, Anthony Daniels , Ian McDiarmid, and Billy Dee Williams.

Californie: des milliers d'étranges poissons échouent sur une plage
Selon les experts de la faune locale, cette présence s'explique par les fortes tempêtes qui s'abattent sur la région. Interrogé par Motherboard , David Ford, un habitant de la côte, a été stupéfait par le spectacle.

Ronaldinho: I Can't Call Messi The Greatest
Crespo, who is here as the event ambassador of the Tata Steel Kolkata 25K, said it would be nice to see the 32-year-old Messi win the 2022 World Cup in Qatar.

MLB, union agree to opioid testing; marijuana removed as 'drug of abuse'
Under the changes, Major League Baseball will test for opioids, Fentanyl, cocaine, and synthetic Tetrahydrocannabinol (THC). Halem said the big league and minor league programs will treat marijuana use the same way going forward.

Cluj 2-0 Celtic: Dismal Hoops suffer first Europa League defeat
They last remained blank in the European competition in both last 32 Europa League games against Valencia last season. We came here to win and we're going to do everything to do that.