Market Updates: ECB Economic Bulletin, Key Takeaways
Arslan Butt•Thursday, February 7, 2019•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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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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