The US Federal Reserve (Fed) and European Central Bank (ECB) are in different positions, where the Fed has eased back on its stimulus while the ECB has kept its purchase programmes going.
After G7 central banks-finance ministers meeting, Fed decided an intermeeting rate cut by 50 bp to 1%-1.25%. Interest rates served on reserves was also cut to 1.10% and the primary credit rate also cut to 1.75%.
In its statement, Fed mentioned the US economy is still strong, but downside risks are developing related to the COVID-19.
Christine Lagarde gave the outline of the strategic review that the ECB will carry out throughout the year 2020, starting in January. The ECB could therefore undergo profound changes under Christine Lagarde, especially with an increased consideration of the mega trends taking place in the economy...
The Fund focuses on providing growth financing solutions for European middle-market companies and explicitly incorporates environmental, social and governance (ESG) considerations and monitoring into the investment process.
In the decade following the Great Recession, central banks in developed countries have resorted overwhelmingly to unconventional measures to satisfy their mandates, be they dual (price stability and full employment) or solely focused on price stability...