Market Updates: ECB Economic Bulletin, Key Takeaways

Posted Thursday, February 7, 2019 by
Arslan Butt • 1 min read

Update on economic and monetary developments summary:

  • The global economic growth momentum has slowed recently amid geopolitical uncertainties and vulnerabilities in emerging markets.
  • Euro-area government bond yields declined somewhat as global risk-free rates decreased and sovereign bond spreads in the Euro area remained stable.
  • Euro area real GDP increased by 0.2%, quarter on quarter, in the third quarter of 2018, following growth of 0.4% in the previous two quarters.
  • Euro area annual HICP inflation declined to 1.6% in December 2018, from 1.9% in November, reflecting mainly lower energy price inflation.
  • The monetary analysis shows that broad money (M3) growth decreased to 3.7% in November 2018, after 3.9% in October.
  • Based on this assessment, the Governing Council decided to keep the key ECB interest rates unchanged and continues to expect them to remain at their present levels at least through the summer of 2019.

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