pineapple-white heartofbristolfinal innovative achievefairprice achievingafairprice actualcostwithestimatedquote alarmmonitoring annualtaxequalizationcalculations answerquestions applynow areatours assignmentplanningcompensation assistwithanyappeals audittrackingpaymentservice audittrackingreimbursement balancesheetdevelopmentreview bankingassistance bristolexecutivemanagement bristolleadership calendar careerconnections claimsandriskmanagement clientcompanies codingreportingcostcenter cominghome compensationmanagement compilerequireddocs comprehensivereviewclientagreements contractreview coordinationcompensationtax costbenchmarkssimilarprograms cultureideas culturelove culturetraining culutureshare cupofjoe customizedaccoutingpayroll customizedmovequtoes customizedplan customizedreporting developmenttaxpolicies disputeresolution distance electronicinterfaces email empathy employeeeducationontheirrightsandresponsibliites ensurealldeadlines ethicshonesty expensecostmanagement facebook findingabuyer findingbuyer findingscreeningtenants flexible flexibleoptionsprivatetraining furnitureassembly furnitureleasing furnitureplacement geographicscope goingglobal greatlistener heartofbristol-12 heartofbristol-23 highlysecurerealtimedata highlytrainednativespeaking homehostcountrytaxplanning houseapartmentsearches hypotheticaltaxestimates IndustryConnections Initialoverviewdestinaionservices inmarketsourcingofprividers internationalassignment internationtaxreporting introductions languageinstruction lawncare leasenegotiation limiitedhomesaleexpenses limitingexpenses linkedin longtermresidences maintenancerequired managinghomerelatedexpenses menu mobileaccess mobilityadvisors mobilityconnections mortgageconsultation multiplecurrencyconversion negotiatedtransportationrates origindestinationservices ourapproach passwordprotected performancemeasurement performancemeasurement2 policyandprogramreview policycompliance policyexceptiontracking poolspamaintenance pricecomparison print processdocs programcostanalysisbudget provennetworkrealestate providerrecentevaluations qualifiedbristolnetnetwork reducingemployeestress reducintsress relocatingemployees relocationassighnmentstatus renteradvocay resourcepersonhostcountry scheduledmanagementreviews schoolsearchselectionregistration search shorttermrentals singlepointcoordination skillsassessment snowremoval specificneedsofemployee standardizedinsuranceprograms supplierpartnerconnections supportive taxestimates taxgrossup teamplayer terminationrecommendation toptierdriver trackandadvise twitter unpacking visaimmigrationassistance weightanditemshipped welcometo winterization yearendreporting yearroundmaintenance

Bristol News

share

The ECB Attempts to Shock and Awe

What did it do? In the event, the ECB overwhelmed market expectations, at least in its initial announcement.

14 March 2016

Yes, the ECB did cut its deposit rate by 10 bps, as widely expected. But the GC did much more. The ECB:

  • Cut all three of its policy rates.
  • Increased the size of its QE program
  • Made its TLTRO program more attractive to banks

The GC also provided some “forward guidance” by saying that rates should “remain at present or lower levels for an extended period of time, and well past the horizon of our net asset purchases.” That is, the ECB likely will not be hiking rates until well beyond March 2017.

What has the ECB accomplished with these measures? Bank lending, which contracted from 2011 to 2014, is growing again. At its current year-over-year growth rate, however, bank lending is hardly robust. The euro area economy is expanding, but at a sluggish rate, and the core rate of inflation in the Eurozone has shown no signs of moving higher. Have the ECB’s policies over the past few years helped to cushion the economy and prevented it from sliding back into yet another recession? Undoubtedly they have.

Read the complete commentary here:  ecb-20160310

share

Stay in touch with Bristol