📰 Евро продолжает движение вниз до 1,0530 перед решением ЕЦБ по ставке

Евро продолжает движение вниз до 1,0530 перед решением ЕЦБ по ставке

Европейский центральный банк (ЕЦБ) во Франкфурте, Германия, является резервным банком еврозоны. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Решения принимают главы национальных банков еврозоны и шесть постоянных членов, включая президента ЕЦБ Кристин Лагард.

In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE – это последнее средство, когда простое снижение процентных ставок вряд ли приведет к достижению цели стабильности цен. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.

Количественное ужесточение (QT) является противоположностью QE. Оно проводится после QE, когда идет восстановление экономики и начинает расти инфляция. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.