- ECB interest rates are “very low”
- ECB policy stance has become more accomodative than at peak of financial crisis
- There are no pre-defined steps between phasing out non-standard measures and exiting very low interest rates
- ECB will keep principle of equal treatment of counterparties in post-crisis operational framework
- ECB’s post-crisis framework also needs to contribute to shaping healthy banking sector
- Asks Japan govt to “take very seriously” impact on marine environment and neighbouring countries
- Urges Japan to “strictly abide by relevant international law” and take effective prevention and control measures
- Urges Japan to provide swift information about radiation situation
- He values relationship with Japan, wants to promote “healthy and stable” relations
- Willing to help Japan with post-disaster reconstruction
FRANKFURT (MNI) – The European Central Bank allotted E83.68659
billion in 28-day 1.25% fixed-rate refinancing agreements on Tuesday.
The central bank received 40 bids in this operation. Prior to
today’s allotment, the ECB said it would satisfy all bids made.
The refis will settle this Wednesday and expire on May 11, 2011.
— Frankfurt bureau: +49 69 720 142; email: firstname.lastname@example.org —
FRANKFURT (MNI) – The European Central Bank on Tuesday allotted
E94.1338 billion in its main seven-day refinancing operation at a fixed
rate of 1.25%.
The ECB satisfied all of the 161 bids received.
Today’s operation resulted in a net addition of E9.6 billion after
the ECB allotted E84.5334 billion in its 7-day MRO last week.
–Frankfurt bureau: +49-69-720-142; email: email@example.com —
Versus 14.1 in March, weaker than median forecast of 11.0.
- Not much room for further improvement of current economic situation
- Experts are more and more aware of risks for world economy after Japan, Arab world events
- Considerable risks may result from increasing commodity prices
- These increases can lead to 2nd round effects, then force ECB to raise rates again
–UK Feb Global Goods Trade Deficit Stg6.776bn vs Stg7.789bn Jan
–UK Feb Non-EU Goods Trade Deficit Stg2.849bn vs Stg4.2bn Jan
–UK Feb Total Trade Deficit Stg2.443bn vs Stg3.858bn Jan
–UK Feb Global Trade Gap Ex-oil/erratics Stg6.643b vs Stg7.895bn Jan
–UK Feb EU-27 Trade Deficit Stg3.927bn vs Stg3.579bn Jan
LONDON (MNI) – The UK’s goods trade deficit narrowed in February to
its lowest level in a year, as exports to non-EU countries rose sharply,
figures released by National Statistics showed Tuesday.
The global goods deficit narrowed to Stg6.776 billion in February
from Stg7.789 billion in January, below the median forecast for a
shortfall of Stg8.1 billion.
Today’s positive trade figures may herald the long awaited and
hoped for boost to the UK’s export sector from the decline in the value
of Sterling in recent years.
The value of exports 1.2% on the month while imports fell 2.2%.
Exports rose in spite of an 8.7% monthly decline in exports of oil.
While the shortfall with EU countries widened to Stg3.927 billion
from Stg3.579 billion, the deficit with non-EU countries narrowed
Exports to non-EU countries leapt 7.6% on the month, while imports
fell 3%, causing the non-EU trade deficit to narrow to Stg2.849 billion,
the narrowest since October 2005.
The total trade deficit, which includes services, narrowed to
Stg2.443 billion from Stg3.858 billion, the lowest since February 2010.
–London newsroom: 44 20 7862 7491; email: firstname.lastname@example.org
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