Features

Money Minute Thursday 21 November: ECB minutes and Royal Mail results

The European Central Bank releases the minutes of its lates interest-rate-setting meeting today, while Royal Mail publishes its latest six-monthly results.

Yesterday the Federal Reserve America' central bank released minutes from its latest interest-rate setting meeting.Today, it's the European Central Bank's turn, and investors will probably be paying a lot more attention to the details of this particular debate.

Christine Lagarde has just taken over as head of the ECB. Her predecessor Mario Draghi, has handed her a tricky legacy to deal with.On the one hand, during his time in office, Draghi managed to push through monetary policies that made the ECB much like any other global central bank.On the other hand, several member states are uncomfortable with his parting decision to print more money on an effectively open-ended basis. The minutes from the October meeting may give us an insight into just how stressful Lagarde's early months in the job are going to be.

In the UK, the Royal Mail reports on the six months to the end of September.The backdrop for the group is extremely tough, and investors will be hoping for signs that its turnaround plans are working.

Recommended

The Information Age is about to get interesting
Economy

The Information Age is about to get interesting

The IT revolution has been around for a while now, says Merryn Somerset Webb. But we're just getting to the good bit.
24 Sep 2021
I wish I knew what contagion was, but I’m too embarrassed to ask
Too embarrassed to ask

I wish I knew what contagion was, but I’m too embarrassed to ask

Most of us probably know what “contagion” is in a biological sense. But it also crops up in financial markets. Here's what it means.
21 Sep 2021
The charts that matter: more pain for goldbugs
Economy

The charts that matter: more pain for goldbugs

Gold investors saw more disappointment this week as the yellow metal took a tumble. Here’s what’s happened to the charts that matter most to the globa…
18 Sep 2021
With the right political will, inflation can be defeated
Inflation

With the right political will, inflation can be defeated

Governments and central banks can easily control inflation, says Merryn Somerset Webb – they just need the will.
17 Sep 2021

Most Popular

A nightmare 1970s scenario for investors is edging closer
Investment strategy

A nightmare 1970s scenario for investors is edging closer

Inflation need not be a worry unless it is driven by labour market shortages. Unfortunately, writes macroeconomist Philip Pilkington, that’s exactly w…
17 Sep 2021
What really causes inflation? Here’s what prices since 1970 tell us
Inflation

What really causes inflation? Here’s what prices since 1970 tell us

As UK inflation hits 3.2%, Dominic Frisby compares the cost of living 50 years ago with that of today, and explains how debt drives prices higher.
15 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021