Online Press Release Distribution | EON: Enhanced Online News
  • News
  • Resources
https://www.krollbondratings.com/show_report/8845

KBRA Releases Research Report, “Changing of the ECB Guard”

February 26, 2018 11:17 AM Eastern Daylight Time 

NEW YORK--(EON: Enhanced Online News)--As favourable macro conditions in the Eurozone spark a vibrant debate on the timing of the European Central Bank’s (ECB) turn towards monetary policy tightening, major changes in the Bank’s key personnel are imminent. Four of the six-member Executive Board will be replaced in 2018-2019, and one more early in 2020. This window coincides just about perfectly with the economic cycle. Europe is becoming ripe for monetary policy normalisation -- more conventional interest rates (as compared to negative deposit rates) and divestment from the expansive quantitative easing (QE) program.

“Doves,” who have been in place on the ECB Executive Board since the crisis period, have served the loose monetary policy framework of recent years well. These policies were critical to stabilising the financial markets and helping beleaguered economies rebuild. As the bloc’s macro conditions are increasingly suitable for a tightening stance, the possible changing of the guard towards a significantly more “hawkish” tone does raise eyebrows about the durability of the Eurozone’s economic recovery. Credit growth remains lacklustre and inflation persists at below target rates. This commentary discusses these imminent staffing changes and the macro backdrop on the bloc.

Please click here to access the full report.

CONNECT WITH KBRA

Twitter
LinkedIn
Download the iOS App
YouTube

About KBRA and KBRA Europe

Kroll Bond Rating Agency, Inc. is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, Kroll Bond Rating Agency, Inc. is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

KBRA
Analytical:
Joan Feldbaum-Vidra, Managing Director, Sovereigns
New York
+1 646-731-2362
jfeldbaumvidra@kbra.com

Recent Stories

  • View Press Release
    KBRA Publishes Research Highlighting Key Themes in CRE CLOs
    April 20, 2018
    NEW YORK--(EON: Enhanced Online News)--As the issuance of post-crisis commercial real estate (CRE) collateralized loan obligation (CLO) transactions continues to surge in 2018, Kroll Bond Rating Ag... more »
  • View Press Release
    KBRA Assigns Preliminary Ratings to PMT ISSUER TRUST – FMSR, Series 2018-FT1 Term Notes
    April 19, 2018
    NEW YORK--(EON: Enhanced Online News)--Kroll Bond Rating Agency (KBRA) assigns a rating of ‘BBB- (sf)’ to the Series 2018-FT1 Term Notes from PMT ISSUER TRUST – FMSR, PennyMac Corp. (PMC) master tr... more »
  • View Press Release
    KBRA Publishes CMBS Research: “Loans Stickier Despite Increased Pool Movement”
    April 19, 2018
    NEW YORK--(EON: Enhanced Online News)--Kroll Bond Rating Agency (KBRA) released a report Not All Loans Make the Final Cut in 2016 and subsequently, followed up with an update, Despite Turbulence, L... more »
More Stories
RSS feed for Kroll Bond Rating Agency, Inc.

https://www.krollbondratings.com/show_report/8845

Kroll Bond Rating Agency, Inc.

  • Opens in new windowWebsite
  • News Feed

Share

  • Facebook
  • Twitter
  • LinkedIn
  • Delicious
  • Reddit
  • StumbleUpon
  • Digg
  • MySpace
  • Newsvine
  • Google Bookmark
  • Yahoo! Bookmark
  • Mixx
  • Propeller
  • Wikio
  • EmailEmail
Tweet
  • EmailEmail
News
EON Online Press Release
  • Terms of Use
  • Privacy
  • © 2018 Business Wire, Inc.