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‘QE around the turn of the year’

Mario Draghi’s reassurance that the European Central Bank is prepared to step up its efforts surrounding monetary policy in the eurozone suggests QE could be introduced “around the turn of the year”, says Capital Economics senior European economist Jennifer McKeown.

Speaking at Jackson Hole on Friday last week, Draghi argued that monetary policy “can and should play a central role” in boosting demand in the eurozone and said the ECB was “ready to adjust [its] policy stance further”. 

McKeown says the latest comments from Draghi fall in line with Capital Economics “long-held view” that the ECB will introduce QE.



BBA: Market settling post-MMR

The British Bankers’ Association says lenders’ application processes have settled post-MMR after revealing approvals were up 0.8 per cent year-on-year in July and 1.5 per cent up on the month before. According to the BBA, the six major high-street banking groups approved a total of 69,489 loans in July, up from 68,906 in July 2013 […]


The Mortgage Mole

WINGING IT As Mole knows all too well, the summer months mean two things for journalists: very little news and talking endlessly to answering machines as industry folk set off on their holidays. But it seems the summer is also when most of the industry gives something back to the community through charity work – […]

Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.


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