บทความยอดนิยม

European Central Bank (ECB) Chief Economist Philip Lane said on Tuesday that the oil market has moved quite a bit since the last decision, adding that oil prices curve sees elevated levels in years ahead, suggesting costs for the economy.
Key quotes
The oil market has moved quite a bit since the last decision.
Let's see how lower oil percolates across the economy.
There has been some improvement in confidence but not to pre-war levels.
There hasn't been fast rethinking of investors and consumers.
Oil prices for 2027 and 2028 still seen above pre-war levels.
Market reaction
At press time, the EUR/USD pair trades 0.21% lower at around 1.1398.
ECB FAQs
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.
Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.












