Too little and far too late: Fund managers react to ECB's shock rate cut

Jackson, Gary
November 2013
Fundweb;11/7/2013, p3
Trade Publication
The article focuses on the question raised by the U.S. fund managers and economists on the effectiveness of the European Central Bank (ECB's) move in fixing the problems affecting the eurozone. It mentions 0.25 percent decline in the ECB's benchmark that raised doubts over its efficacy. Schroders European economist Azad Zangana states that interest rate's cut is a sign to the market that the ECB would like a weaker euro in order to better reflect the state of the overall eurozone economy.


Related Articles

  • Markets fall as Draghi fails to back up promise of 'whatever it takes'.  // Fund Strategy;8/6/2012, p1 

    The article reports on the disappointments of the financial services industry after European Central Bank (ECB) president Mario Draghi failed his promise to save the euros. It states that investors were hoping that the ECB will intervene in the bond market to address the reversibility of the...

  • ECB rate cut 'will have limited impact'. Jackson, Gary // Fundweb;7/5/2012, p5 

    The article reports that the European Central Bank has decreased its key interest rate to a new record low, from one percent to 0.75 percent, after finding the low business confidence due to eurozone crisis in 2012. Although, economist Azad Zangana believes that the move will marginally support...

  • INFLATION RATE DIFFERENTIALS AND MONETARY POLICY IN EUROZONE. Ciobanu, George // 11th International Conference on Finance & Banking: Future of th;2007, p197 

    The primary goal of the European Central Bank's (ECB) monetary policy is to achieve price stability. Whereas during the 1980s and 1990s there was a rapid and strong convergence in terms of price differential among the Euro countries, particularly in those countries with higher inflation rates in...

  • ECB shocks with rate cut to combat deflation threat. Jackson, Gary // Fundweb;11/7/2013, p5 

    The article reports that the European Central Bank (ECB) has cut its benchmark interest rates by 25 basis points to 0.25 per cent following fall in eurozone inflation to its slowest pace in four years. JP Morgan Asset Management global market strategist Kerry Craig states that low levels of...

  • Economists warn UK faces triple-dip recession. Salih, Chris // Money Marketing (Online Edition);7/30/2012, p17 

    The article presents information on prediction about the economic condition of Great Britain. Economist have warned that the eurozone crisis could push the country back into recession as soon as the benefits of the London 2012 Olympics wear off. According to Schroders chief economist Azad...

  • Is it time to bet on European equities? Scott, Philip // Fundweb;6/6/2013, p1 

    The article focuses on the economic conditions in the eurozone. It states that the region recorded negative growth for sixth consecutive quarter during first three months of 2013. Schroders' European economist Azad Zangana forecasts a return to growth, despite very weak growth, in the second...

  • Outlook and Assumptions: Alternative Scenarios.  // Denmark Country Monitor;Jan2012, p4 

    The article provides an overview of the alternative scenarios for Denmark, with details on the changes in the country's approach to the falling export demand, the deep recession in the Eurozone, and the failure of the European Central Bank (ECB) to cut interest rates.

  • Ad-Hoc Group Proposes Legislation To Allow Issuers to Use Swaps, Hedges. Watts, Jim // Bond Buyer;2/15/2007, Vol. 359 Issue 32568, p5 

    The article provides updates on the request of an ad-hoc group to use financial products in Texas. The ad-hoc group of financial advisers, bond attorneys and investment bankers is asking legislation that would clear the way for local government in the state to use interest-rate swaps and hedging...

  • Currency Risks Set To Rise Over Medium Term.  // Emerging Europe Monitor: Central Europe & Baltic States;Sep2008, Vol. 15 Issue 9, p1 

    This article presents an outlook for the economy of Hungary, as of September 2008. Investor sentiment has been uplifted by a statement issued by European Central Bank Governor Jean-Claude Trichet increasing its policy rate by 25 basis points. The Hungarian forint would likely be one of the most...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics