European Reflation: All that Glitters ain’ t Gold

Annual inflation in the Eurozone has surged to its highest levels since 2013. Having already hit 1.1% in December 2017, it has now jumped to 1.8% in January 2017, according to Eurostat. Despite the consumer price growth acceleration, the European Central Bank insists that the aggressive monetary stimulus must continue. Draghi’ s attention is focused on […]

Read more
Forecasting is possible

“Based on our regular economic and monetary analyses, we today conducted a comprehensive assessment of the economic and inflation outlook and our monetary policy stance.” (Mario Draghi) During the press conference of 8th December 2016, the President of the ECB (European Central Bank) Mario Draghi, together with the Vice-president Vítor Constâncio, presented a series of […]

Read more
It’s all about the tie

  A couple of years ago, investors would have paid a fortune to possess a crystal ball and use it to forecast ECB’s decisions. Today, all they need is Mario Draghi’s tie. In fact, some people seem to play a weird game – by the name of “tie guesses” – that consists in guessing the colour of […]

Read more
ECB’s Bank Lending Survey

“Signs of a sustained turnaround in core inflation have somewhat weakened”. That is what Draghi, the ECB President, told to the European Parliament few days ago. The European Central Bank is ready to boost the recovery of the Eurozone, re-examining all possible measurements and even, if necessary, expanding the QE program. In the last BLS, the bank […]

Read more