◀ The Principal Blog

Posts tagged ‘European Central Bank’

The Fed and the ECB: Divergent

While the past six months have been all about politics, the last two weeks have been all about the central banks. As widely expected, on December 14, the U.S. Federal Reserve (Fed) hiked policy rates by 25 basis points (bps) or 0.25%, taking the federal funds rate range to between 50 and 75 bps.…

Read more

Italy votes “No”… but it’s not all bad

Italian voters voted “no” in yesterday’s referendum on constitutional reform, for once in line with opinion polls. By rejecting the reform bill, Italy has entered yet another round of political instability with potentially negative implications for growth and the banking sector. However, the…

Read more