Entrepreneurs and Co : Internet, European and International Business Development Consultant for Entrepreneurs and Small Businesses - http://www.entrepreneurs-and-co.com
European Central Bank (ECB) : Will the ECB keep refinancing and inject cash in the system ?
http://www.entrepreneurs-and-co.com/articles/28/1/European-Central-Bank-ECB--Will-the-ECB-keep-refinancing-and-inject-cash-in-the-system-/Page1.html
Didier Delmer

"Who are we ?"

Company Profile :


Entrepreneurs and CO Ltd

145-157 St John Street - London EC1V 4PY

Chartered Accountants & Business Advisers, at Entrepreneurs & Co (ENC), we appreciate the value of working together as a team.

Because the flow of ideas is encouraged at ENC and everyone feels free to express their opinion with regard to work related matters it has by the very nature of being, created a dynamic work environment. As a team we all recognise our responsibility in making Entrepreneurs and Co what it is.

The reputation of the whole firm is in the hands of each individual and we are proud of being part of such a strong team. Together we encourage and motivate each other in a dynamic environment so that as a team we can provide innovative and profitable solutions for individuals and businesses.


Services

Every client is unique and deserves a unique service. Our philosophy is to put our clients first - to understand their situation and provide a first class service tailored to their specific needs.

Because we establish a one-to-one relationship with each client we are able to offer timely, individual advice on how to improve your business or personal finances.

As leading edge accountants we have developed the traditional bookkeeping, auditing, and accounting services into innovative client-focused services that provide not only all the reliable background support you would expect from a professional firm but also forward-thinking advice on how to improve your situation.

We have also developed a new range of accounting services to meet the needs of modern businesses, including a comprehensive business advisory service. Whether you need help with growing your business or advice on optimising your personal or family finances, we are here to help you get the best results.

 
By Didier Delmer
Published on 21/08/2007
 

Zoom on The ECB :

The ECB is the central bank for Europe's single currency, the euro. The ECB’s main task is to maintain the euro's purchasing power and thus price stability in the euro area. The euro area comprises the 13 European Union countries that have introduced the euro since 1999.

Statistics :

The main purpose of European Central Bank (ECB) statistics is to support the monetary policy of the ECB and other tasks of the Eurosystem and the European System of Central Banks (ESCB).

Financial Crunch August 2007 :

Investors and Analysts are watching ECB refinancing move and trend. Indeed, the ECB has always been in favor of a strong Euro Vs the US Dollar.

US Markets are still volatile and experts start wondering how long this will last. The Federal Reserve cut the discount rate as it tries to calm the markets, but for the markets to make large gains, it may need a cut in interest rates.


The ECB's objective is to maintain Price Stability and Inflation Rates below 2% in Europe

The primary objective of the ECB’s monetary policy is to maintain price stability. The ECB aims at inflation rates of below, but close to, 2% over the medium term.

To better understand, ECB's approach, we are enclosing some useful definitions :

Monetary policy strategy :

The general approach to the conduct of monetary policy. The monetary policy strategy of the ECB comprises a quantitative definition of the primary objective of price stability and an analytical framework based on two pillars - economic analysis and monetary analysis - which forms the basis of the Governing Council's overall assessment of the risks to price stability and of its monetary policy decisions. It also provides the framework for explaining monetary policy decisions to the public.

Monetary policy transmission mechanism  :

The process through which monetary policy decisions, e.g. the interest rate decisions taken by the Governing Council in the case of the euro area, affect the economy in general and the price level in particular.

Monetary financial institution (MFI)  :

Financial institutions which together form the money-issuing sector of the euro area. These include the Eurosystem, resident credit institutions (as defined in Community law) and all other resident financial institutions whose business is to receive deposits and/or close substitutes for deposits from entities other than MFIs and, for their own account (at least in economic terms), to grant credit and/or invest in securities. The latter group consists predominantly of money market funds.

The role of the ECB has taken a major turn with the EU Enlargement. The following ten countries signed the Accession Treaty with a view to joining the EU on 1 May 2004 : the Czech Republic, Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovenia and Slovakia, and on 1 January 2007: Bulgaria and Romania. Turkey is another official candidate for accession.

Feel free to contact us for assistance and visit ECB Web Site !