ECB President Lagarde says the rise in inflation is largely temporary

ECB President Christine Lagarde said in the European Parliament that the inflation rate is expected to rise further this fall from the 3% it reached in August, but “we continue to think that this rise is largely temporary.” Lagarde said that the impact of measures including the rise in oil prices and the end of the reduction in the value-added tax rate in Germany “should disappear in the next year.” The shortage of raw materials may last longer than expected, and rising inflation may also lead to higher-than-anticipated wage demand. “But so far, we've seen limited signs of this risk, which means our benchmark scenario continues to assume that inflation will fall below target in the medium term

新浪美股Sep 27, 2021 20:08

Outer disk headline: Pelosi says the U.S. House of Representatives will pass a $550 billion infrastructure bill this week.

The global financial media focused on the headlines last night and this morning: 1. Pelosi said that the US House of Representatives would pass a $550 billion infrastructure bill this week. 2. Biden said he supported a tax on billionaires' wealth. 3. Rio Tinto PLC and Canadian trade unions reached a labor agreement on British Columbia's actions. 4. Pfizer Inc CEO: predicted to return to normal life within a year. 5. Panic buying aggravates BP P.L.C. 's cut-off at nearly 1/3 of gas stations in the UK. 6. Top analysts say now is the right time to buy Neflix and Tesla, Inc.. Pelosi said that the U.S. House of Representatives will pass it this week.

新浪美股Sep 27, 2021 05:36

The European Central Bank is said to have agreed on a new inflation target of 2% and allowed a moderate excess.

ECB policymakers have agreed to raise the inflation target to 2 per cent and leave room to exceed it if necessary, according to people familiar with the matter. The decision comes from a special meeting of the European Central Bank, which ended on Wednesday. An ECB spokesman declined to comment. The 2% target would be a major change from the previous "slightly less than 2%" target. Some policy makers believe that the original goal statement is too vague, leading to too early calls for tightening policy. The ECB said in an email that the official results would be announced at 1pm Frankfurt time on Thursday and that President Christine Lagarde would hold a press conference in 90 minutes.

新浪財經Jul 8, 2021 03:39

The Fed's reverse repo use surged to a record high of $756 billion after raising the reverse repurchase rate

Demand for reverse repos jumped to a record high after the Federal Reserve decided to raise the overnight reverse repo rate. On Thursday, 68 market participants put $756 billion into the Fed through overnight reverse repos. This broke the previous record high of $584 billion, according to the New York Fed. Demand for the use of the Fed's reverse repo tool has been rising because of excess liquidity in the dollar financing market. The Fed's asset purchases and the Treasury's reduction of cash account balances are part of the reason for excess liquidity. On Wednesday, while keeping the overall target range of the federal funds rate unchanged, the Federal Reserve fine-tuned the use of

新浪財經Jun 18, 2021 01:51