Eurozone – Interest Rate
14/09/2018 10:18 am MYT
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The European Central Bank (ECB) left its three main interest rates unchanged – see figure 1. The deposit facility, main refinancing operations and marginal lending facility interest rates were maintained at -0.40%, 0.00% and 0.25% respectively.

 

While the ECB is continuing its quantitative easing (QE) programme, it expects to halve its bond purchases between Oct and Dec 2018 before ceasing them altogether. The tapering of QE suggests steady economic recovery and mild inflationary pressure in the Eurozone.

 

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Note from Publisher
More than 1,000 people attended the 2018/2019 Global Investor Week last weekend. For those who participated in the entire programme, it was not only a fruitful and enjoyable weekend, but a memorable one too. For the past one week, we have been receiving thank you messages from participants. Some thanked us for organising such a wonderful event as they have gained tremendous insights and benefited immensely from the talks given by the various experts. Some expressed appreciation for the hard work we put in over the weekend. Others conveyed their gratitude for the wonderful time they had during the Appreciation Concert. We are greatly encouraged and touched by the gracious messages from the participants of the 2018/2019 Global Investor Week. They provided us with greater motivation to organize an even more productive Global Investor Week next year. We thank everyone for their continued support as we continue our Antarctica journey.

Meanwhile, the Chinese economy appears to have bottomed out, removing a major worry of the global economy. Given that China contributed to about 30% of the global economic growth, a strong Chinese economy is extremely important to global stability as it will pull up many economies, including Malaysia.
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