On all reasonable measures, the euro has been an outstanding success. Upon its 10-year anniversary, the ECB can celebrate a remarkable record. While the ECB has kept home-grown inflation tightly under control, the region has enjoyed a major rise in employment amid a series of structural reforms. New challenges are ahead. But the record suggests [...]
Entries Tagged as 'Euro Zone'
Upon its 10-year anniversary, the ECB can celebrate a remarkable record
June 1st, 2008 · No Comments
Tags: Euro Zone
Has The (Trade-Weighted) EUR Peaked?
May 7th, 2008 · No Comments
Euro zone policy makers have given off conflicting signals in recent months over the ongoing strength of the EUR. To be sure, there are justifiable reasons for concern. Versus major currencies the trade-weighted EUR (Bank of England index) soared in the last 6 months to levels not reached since
the early 1980s, a period when, one [...]
Tags: Euro Zone
Will the next ECB move be a hike?
April 29th, 2008 · No Comments
Will the next ECB move be a hike? Within five weeks, the market has turned from pricing in two rate cuts by October this year to now expecting a 40% probability of a 25bp rate hike. At least half of this swing in market expectations makes perfect sense.
In February, markets had been too eager to [...]
Tags: Euro Zone