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The ECB easing measures, growth prospects lowered in Euro selling accelerated

*00:34JST the ECB easing measures, growth prospects lowered in Euro selling accelerated

The European Central Bank (ECB) Board meetings of the market expected the policy rate unchanged was determined. Also, the”inflation Outlook is the goal to strong convergence, until the rate is current or less and””the asset purchase is required to continue as long as the rate hike, before continuing,”and of the forward guidance is also unchanged for. The ECB has negative interest rates and introduced, interest rate cuts by the effect is almost not seen.

At the same time, the mitigation measures as 2020 until the end of asset purchases in the total amount 1200 million Euro increase in addition,lending conditions with long-term funds-supplying operations against pooled collateral(TLTRO of 3rd Fed announced that.

The ECB is at the same time fiscal 2020 growth prospects lowered. Lagarde Governor 新型肺炎 is the European economy a major shock if, the QE program of any flexibility policy showed.

The ECB’s easing measures the expansion and growth prospects lowered, in addition, the United States of Trump administration from the European immigration stops announced that Euro selling pressure was.

The Euro-dollar is 1. 1301 from $ 1. 1110 in fall,4 days of lows. Euro yen 117 yen 81 sen from 117 yen 00 Sen fell.

【Monetary policy】
・The European Central Bank(ECB):key interest rates to 0. 00%on the Deferred
・Deposit interest rates(Central Bank interest rates on deposits,lower limit)to-0.50%on the Deferred
・Marginal lending rate(upper limit)to 0. 25% of the Deferred

“The inflation Outlook is the goal to strong convergence, until the rate is current or is it less”
“At the end of 2020, the asset purchase total to 1200 million euros increase in””the asset purchase is required to continue as long as the rate hike, before continuing”
“The Bank’s capital adequacy ratio lowered to tolerate”
“TLTRO of the 3rd supply”《KY》


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