Summary Decided to raise the three key ECB interest rates by 75 basis points; accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 1.25%, 1.50%, and...
Summary: Spending and production have softened. (Change) Job gains have been robust in recent months, and the unemployment rate has remained low (No Change) Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food...
Summary strong commitment to price stability mandate (No Change) took further key steps to make sure that inflation returns to its 2% target over the medium term (Change) decided to raise the three key ECB interest rates by 50 basis points; the interest rate on the...
This is the 2nd quarter of 2022 market commentary which represents the current views of Experiential Wealth, Inc.
Summary: Economic activity edging down but household spending and business fixed investment remain strong. (No Change) Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. (No...
Summary The Governing Council decided to take further steps in normalizing monetary policy. Throughout this process, it will maintain optionality, data-dependence, gradualism and flexibility. (Change) Judged that the incoming data since its last meeting reinforced its...
Summary: Economic activity edged down but household spending and business fixed investment remain strong. (Change) Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. (No...
Summary The Governing Council judged that the incoming data since its last meeting reinforced its expectation that net asset purchases under its asset purchase programme should be concluded in the third quarter. (No Change) The ECB’s monetary policy will depend on the...
This is the 1st quarter of 2022 market commentary which represents the current views of Experiential Wealth, Inc.
Summary: References to COVID-19 and vaccine removed. (Change) Job gains have been strong. (Change) Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. (New) The invasion of...
Summary ECB will ensure smooth liquidity conditions and implement the sanctions decided by the European Union and European governments. (New) Monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June. The...
Summary: Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months but have been affected by the recent sharp rise in COVID-19 cases. (No Change) Supply and demand...
This is the 4th quarter of 2021 market commentary which represents the current views of Experiential Wealth, Inc.
Summary Progress on economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its asset purchases over the coming quarters. (New) discontinue net asset purchases under the Pandemic Emergency Purchase Programme...
Summary With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but continue to be affected by COVID-19....
Summary – Published November 11, 2021 With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The rise in COVID-19 cases has slowed recovery of the sectors most adversely affected. (Change)...
Summary A symmetric inflation target of two per cent over the medium term (No Change) Expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching two per cent well ahead of the end of its projection horizon and...
This is the 3rd quarter of 2021 market commentary which represents the current views of Experiential Wealth, Inc.
Summary – Published September 22, 2021 With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The rise in COVID-19 cases has slowed recovery of the sectors most adversely affected. (Change)...
This is the 2nd quarter of 2021 market commentary which represents the current views of Experiential Wealth, Inc.