FRANKFURT (Reuters) - The European Central Bank unveiled new policy guidance on Thursday that hints at even longer support for the bloc's struggling economy, in line with its recent commitment to boost inflation that has undershot the ECB's 2% target for nearly a decade.
Unveiling a new strategy and a tweaked inflation target just two weeks ago, the ECB said that long periods of low inflation would require "especially forceful or persistent" policy support, a hint that stimulus might be kept in place for longer than many had predicted.
The ECB said it expects rates to remain at their present or lower levels until it sees inflation reaching it 2% target "well ahead" of the end of its projection horizon and durably for the rest of the projection horizon.
It also said progress in raising underlying inflation should be "sufficiently advanced" to be consistent with inflation stabilising at two per cent over the medium term.
"This may also imply a transitory period in which inflation is moderately above target," the ECB said in statement.
The bank earlier promised that interest rates would stay at their present or lower levels until the inflation outlook in its staff forecasts "robustly" converged to a level close to the target and underlying inflation dynamics were also showing such an upward trend.
Investors will now look for ECB President Christine Lagarde to unpack this guidance at her 1230 GMT news conference and explain the precise implications for interest rates and asset purchases.
But rate hike expectations have already been pushed out since the strategy update and markets see no increase in the bank's deposit rate until 2024, so Lagarde may seek to conserve those expectations rather than push them out further.
Investors will also look for clues on the future pace of asset buys after the ECB kept the main parameters of both the Pandemic Emergency Purchase Programme (PEPP) and the Asset Purchase Programme (APP) unchanged.
The 1.85 trillion euro PEPP is set to run least until next March with volumes in the third quarter significantly above levels at the start of the year. The APP will meanwhile run at 20 billion a month until just before the first rate hike.
EUR/USD
1.0777
-0.0009 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
EUR/USD
1.0777
-0.0009 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
GBP/USD
1.2627
+0.0004 (+0.04%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (7)
Sell (1)
USD/JPY
151.35
-0.02 (-0.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
AUD/USD
0.6513
-0.0002 (-0.03%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (5)
USD/CAD
1.3551
+0.0013 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (0)
EUR/JPY
163.11
-0.14 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/CHF
0.9719
-0.0008 (-0.08%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (5)
Gold Futures
2,254.80
42.10 (1.90%)
Summary
BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (5)
Sell (0)
Silver Futures
25.100
+0.002 (+0.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Copper Futures
4.0115
-0.0003 (-0.01%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (7)
Sell (0)
Crude Oil WTI Futures
83.11
+1.76 (+2.16%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Brent Oil Futures
86.99
+0.04 (+0.05%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (3)
Natural Gas Futures
1.752
+0.034 (+1.98%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (6)
US Coffee C Futures
188.53
-2.12 (-1.11%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Euro Stoxx 50
5,082.85
+1.11 (+0.02%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
S&P 500
5,254.35
+5.86 (+0.11%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (3)
Sell (8)
DAX
18,504.51
+27.42 (+0.15%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
FTSE 100
7,952.62
+20.64 (+0.26%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
Hang Seng
16,541.42
0.00 (0.00%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (1)
US Small Cap 2000
2,120.15
+5.80 (+0.27%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (5)
Sell (4)
IBEX 35
11,074.60
-36.70 (-0.33%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
BASF SE NA O.N.
52.930
-0.320 (-0.60%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
Bayer AG NA
28.43
+0.01 (+0.04%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
277.80
+0.35 (+0.13%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Adidas AG
207.00
+2.30 (+1.12%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
Deutsche Lufthansa AG
7.281
+0.104 (+1.45%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (6)
Siemens AG Class N
176.96
+0.04 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
Deutsche Bank AG
14.582
-0.030 (-0.21%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
EUR/USD | 1.0777 | ↑ Buy | |||
GBP/USD | 1.2627 | ↑ Buy | |||
USD/JPY | 151.35 | ↑ Sell | |||
AUD/USD | 0.6513 | Neutral | |||
USD/CAD | 1.3551 | ↑ Buy | |||
EUR/JPY | 163.11 | ↑ Buy | |||
EUR/CHF | 0.9719 | Neutral |
Gold | 2,254.80 | Buy | |||
Silver | 25.100 | ↑ Buy | |||
Copper | 4.0115 | ↑ Buy | |||
Crude Oil WTI | 83.11 | ↑ Buy | |||
Brent Oil | 86.99 | Neutral | |||
Natural Gas | 1.752 | ↑ Sell | |||
US Coffee C | 188.53 | ↑ Sell |
Euro Stoxx 50 | 5,082.85 | ↑ Sell | |||
S&P 500 | 5,254.35 | ↑ Sell | |||
DAX | 18,504.51 | ↑ Buy | |||
FTSE 100 | 7,952.62 | ↑ Sell | |||
Hang Seng | 16,541.42 | Neutral | |||
Small Cap 2000 | 2,120.15 | Neutral | |||
IBEX 35 | 11,074.60 | ↑ Sell |
BASF | 52.930 | ↑ Buy | |||
Bayer | 28.43 | Buy | |||
Allianz | 277.80 | ↑ Buy | |||
Adidas | 207.00 | ↑ Buy | |||
Lufthansa | 7.281 | ↑ Sell | |||
Siemens AG | 176.96 | ↑ Buy | |||
Deutsche Bank AG | 14.582 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,910/ 8,080 (30/ 30) # 1,364 |
SJC HCM | 7,900/ 8,100 (0/ 0) # 1,384 |
SJC Hanoi | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Danang | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Nhatrang | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Cantho | 7,900/ 8,102 (0/ 0) # 1,386 |
Cập nhật 29-03-2024 15:59:37 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,232.75 | -1.61 | -0.07% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 24.690 | 25.180 |
RON 95-III | 24.280 | 24.760 |
E5 RON 92-II | 23.210 | 23.670 |
DO 0.05S | 21.010 | 21.430 |
DO 0,001S-V | 21.640 | 22.070 |
Dầu hỏa 2-K | 21.260 | 21.680 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $82.82 | +5.39 | 0.07% |
Brent | $86.82 | +5.18 | 0.06% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.600,00 | 24.970,00 |
EUR | 26.020,03 | 27.447,78 |
GBP | 30.490,41 | 31.787,64 |
JPY | 158,93 | 168,22 |
KRW | 15,91 | 19,28 |
Cập nhật lúc 15:54:30 29/03/2024 Xem bảng tỷ giá hối đoái |