European Central Bank – Benefits Canada.com

Canadian fixed income outperforms amid improving interest rate landscape: report

bmcgovern — Thu, 13 Jun 2024 15:00:14 +0000

Canadian-based fixed income assets rallied in the first quarter of 2024 as the likelihood of interest rate cuts from global central authorities increases, according to a new report by FTSE Russell. It noted improved inflation data helped boost the results from Canadian long, corporate and real return bonds in May. While Canadian high-yield credit gained […]

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European central bank expected to raise interest rates by 25 basis points

Gideon Scanlon — Tue, 19 Jul 2022 16:30:50 +0000

The European Central Bank is expected to raise interest rates for the first time since 2011. In a statement, the bank said it plans to raise interest rates by 25 points on July 21, from negative 0.5 per cent to negative 0.25 per cent. The decision comes in response to inflationary pressures, which hit 8.1 […]

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Lagarde: Recovery could be stop and go despite vaccine news

mschmit — Thu, 12 Nov 2020 06:53:34 +0000

European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-start” recovery despite good news about vaccine development. The top central banker for the 19 European Union countries that use the euro currency said there was a risk that fearful consumers could drag out the rebound, and that governments and […]

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How a central bank’s policy can impact investments on the other side of the world

mschmit — Wed, 21 Oct 2020 05:55:28 +0000

How do the European Central Bank’s monetary-policy decisions influence corporate debt levels in the U.S.? The ECB’s purchasing of investment-grade, corporate, Euro-denominated bonds seemingly crowded Eurozone institutional investors out of such instruments and Eurozone investors increased their allocations to U.S. dollar corporate bonds soon after, according to a new paper by Kerry Siani, a PhD […]

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Europe’s central banker: Recovery risks losing momentum

mschmit — Mon, 19 Oct 2020 03:47:05 +0000

The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary. “The second wave of the pandemic in Europe, notably in France, and the resulting new restrictions are adding to the uncertainty […]

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Inflation slump in Europe could presage more stimulus

mschmit — Fri, 02 Oct 2020 03:37:20 +0000

Annual inflation in the 19-country eurozone sagged further below zero in September, bolstering expectations that the European Central Bank will add to its emergency stimulus efforts to help cushion the impact of the pandemic on the economy. The consumer price index was down 0.3 per cent in September, even lower than the minus 0.2 per […]

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Is it time for bond owners to shift how they view deficits and debt?

mschmit — Fri, 04 Sep 2020 03:40:20 +0000

While rising government deficits and debt are concerning for many bond owners, they should actually be more concerned that deficits aren’t big enough, said David Bezic, an independent economic consultant, during the Canadian Investment Review and Benefits Canada’s 2020 Plan Sponsor Week in mid-August. Many of the concerns around debt and deficits are founded on […]

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European Central Bank unveils new help for economy

mschmit — Thu, 12 Sep 2019 05:11:37 +0000

The European Central Bank on Thursday delivered a new blast of monetary stimulus to help the economy in the face of uncertainties like the U.S.-China trade conflict and Brexit. The central bank for the 19 countries that use the euro cut the rate on deposits it takes from banks to minus 0.5 per cent from […]

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European Central Bank signals possible rate cut

mschmit — Thu, 25 Jul 2019 04:49:24 +0000

The European Central Bank joined the U.S. Federal Reserve in saying that more stimulus could be coming soon to support an economy weakening in the face of global tensions over trade. The ECB said Thursday after a policy meeting that it could cut interest rates as its next move and was studying ways to restart […]

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U.S. likely to avoid recession but data remains weak: outlook

mschmit — Mon, 15 Jul 2019 10:37:35 +0000

Central banks seem to be changing their tunes, with the Federal Reserve expected to cut rates twice before the year is out, according to Manulife Investment Management’s third quarter outlook. The European Central Bank, noted the outlook, is also likely to take a move dovish tone, with additional monetary easing measures, including rate cuts, expected […]

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