Claim your one month free trial for access to our premium content.



By Caroline Grady 11-03-2020
In: hive-exclusives | Monetary Policy & Inflation

ECB: Under Pressure To Act

(3 min read)
Resize text:


On Thursday Christine Lagarde will face her toughest test yet as ECB President. The emergency rate cuts from both the Fed and Bank of England significantly increased pressure on the ECB to act. But with monetary policy edging closer to its limit, it faces a difficult task. Lagarde must ensure that the remaining space is used wisely. A comprehensive package using all the tools at the ECB’s disposal seems the most likely option.




Carney Confirms Global Central Banks Are Coordinating Policy

The world has changed since the last ECB’s Governing Council policy meeting on 28 January. Just six weeks ago Lagarde struck a relatively upbeat tone, pointing to a “moderate increase in underlying inflation” and ongoing (albeit relatively subdued) growth. Favourable financing conditions were assumed to sustain the Euro area recovery and ensure inflation’s return to target. The coronavirus wasn’t mentioned in the press statement or Q&A, with the only reference to China being the positive news from the phase one trade deal with the US.
ALREADY A MEMBER? LOGIN

MACRO HIVE PRIME

PLEASE SELECT MEMBERSHIP TYPE BELOW*

MONTHLY MEMBERSHIP

Cancel Your Trial Anytime

Free

One Month Trial

Then £39 per Month

TRIAL NOW

ANNUAL MEMBERSHIP

Save 20% Compared to Monthly

£7.20

per week

£374.40 per Year

SUBSCRIBE NOW

MACRO HIVE PROFESSIONAL

Pricing
on request

Trade Ideas, Models & More

ENQUIRE NOW

To read this Exclusive, please become a member

  • Gain access to Hive Exclusives - the highest quality opinion-pieces & analysis by over 35 experienced researchers
  • Gain access to Deep Dives - evaluation of relevant Academic paper & books in today's narrative
  • Also gain access to Bilal’s Top Picks and Podcast Playlists through signing up
Have a Promotional Code? Click here to enter your code

Members

Product Total
Monthly  × 1 £39.00 / month with 1 month free trial
Subtotal £0.00
Total £0.00
Recurring totals
Subtotal £39.00 / month
Recurring total £39.00 / month
First renewal: 6th May 2020
Free one month trial period. After, you’ll be charged at the monthly rate unless you cancel your membership otherwise.
  • Pay with your credit card via Stripe.