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1 0 Tag Archives: economists
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Euro Races Toward Record Quarterly Drop

(Bloomberg) — The euro is poised for its biggest quarterly decline as the European Central Bank embarks on purchases of sovereign debt this week to spur inflation. The shared currency has weakened about 11.6 percent this year, eclipsing the 10.6 percent decline during the credit crunch in the third quarter of 2008. The euro slumped […]

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Euro-Area Price Slump Eases as ECB Set to Commence QE

(Bloomberg) — Euro-area consumer prices fell less than economists forecast last month, offering some relief to the European Central Bank as it prepares to put its unprecedented bond-buying program into action. The annual rate of inflation in the 19-nation bloc stood at minus 0.3 percent in February, according to data published by the European Union’s […]

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March 2, 2015
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Draghi’s Justification Laid Bare With Euro-Area Prices Sinking

Mario Draghi’s reasons for flooding the euro area with money will be laid bare once again this week. Days after the European Central Bank president announced a 1.1 trillion-euro ($ 1.2 trillion) stimulus plan, data may show prices in the euro area are falling at close to the fastest pace since the shared currency was […]

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January 26, 2015
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Euro-Area Economy Set to Pick Up as QE Plan Bolsters Confidence

Euro-area manufacturing and services expanded at the fastest rate in five months at the beginning of 2015 amid increasing new orders and employment. A Purchasing Managers Index for manufacturing and services rose to 52.2 in January from 51.4 in December, London-based Markit Economics said on Friday. Economists in a Bloomberg News survey forecast an increase […]

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January 24, 2015
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Euro Slumps Amid Speculation on ECB Stimulus, Dollar Advance

The euro declined against the dollar, approaching a nine-year low, on speculation reports this week will strengthen the argument for sovereign-bond purchases from the European Central Bank. The dollar advanced versus 13 of its 16 major counterparts, after traders increased to a record level the futures positions they hold that profit from the greenback’s gains. […]

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January 12, 2015
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Euro Falls Ahead Of ECB Rate Decision

The euro weakened against the other major currencies in the late Asian session on Wednesday, as traders remained cautious ahead of the European Central Bank’s monetary policy decision due tomorrow. The European Central bank will announce its interest rate decision at 7:45 am ET. Economists expect the refinancing rate to remain unchanged at 0.05 percent. […]

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December 3, 2014
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First Bank of England hike pushed to third-quarter 2015, next rises to be even more gradual – Reuters Poll

By Sumanta Dey (Reuters) – The first hike in British interest rates will now come in the third quarter of next year, six months later than previously thought, owing to low inflation, sluggish pay growth and a weak euro zone economy, a Reuters poll found. Thirty-two of 50 economists in the poll conducted this week […]

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Euro zone, gold vote test Swiss central bank

More importantly, the SNB’s success in defending the cap back in 2011 and 2012 means it may not have to intervene on the same scale to fend off any new market challenges. “The difference between now and 2011 is that the wider markets and most economists believe these interventions can break the […]

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November 17, 2014
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Currencies: Euro falls to 26-month low against dollar

NEW YORK (MarketWatch) — The euro fell to a fresh 26-month low Thursday after Mario Draghi reiterated that the European Central Bank would not hesitate to use unconventional measures, including full-blown quantitative easing, […]

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November 7, 2014
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Euro-Region Inflation Slows as ECB Prepares for Policy Meeting

Euro-area inflation slowed in September, challenging European Central Bank officials gathering this week to decide if more measures are needed to avert deflation. Consumer prices rose an annual 0.3 percent, the European Union’s statistics office in Luxembourg said today. That’s in line with the median estimate in a Bloomberg News survey and follows a reading […]

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September 30, 2014