By David Barwick – FRANKFURT (Econostream) – Time flies at the European Central Bank, where President Christine Lagarde on Thursday unexpectedly deemed it the moment to debate, decide and announce the future of the ECB’s pandemic emergency purchase programme (PEPP).
28 October 2021 Central Bank News
- Insider: ‘do not see a situation that first we need to stop asset purchases and only later on increase the interest rates’
- Insider: ‘see possibilities of a combined strategy’ where ECB hikes rates but still buys government debt
By David Barwick – FRANKFURT (Econostream) – Rare is the Governing Council meeting of the European Central Bank that is preceded by as thin a trickle of communication from the Executive Board as the gathering this week.
26 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – An expected tightening of credit standards could limit corporate investment in the coming months, according to the European Central Bank’s latest Bank Lending Survey, released Tuesday.
26 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Currently elevated inflation reflects the strength of the economic recovery and is a temporary phenomenon, European Central Bank Governing Council member François Villeroy de Galhau said Thursday.
21 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – German Bundesbank head Jens Weidmann, member of the European Central Bank Governing Council, on Wednesday announced his intention to step down at the end of the year.
20 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – As the pandemic-related crisis becomes less acute, the gradual withdrawal of loan moratoria and guarantees will be appropriate, Banco de España Deputy Governor Margarita Delgado said Wednesday.
20 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Fears of stagflation are unfounded as the recovery is still strong, and no one should question the European Central Bank’s ability to maintain price stability, ECB Governing Council member François Villeroy de Galhau said Tuesday.
20 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Inflation developments now being seen are temporary, and with the trend consistent with the European Central Bank’s monetary policy, the ECB is inclined not to react prematurely, ECB Governing Council member Olli Rehn said Tuesday.
19 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Inflation will subside by end-2022 to below the European Central Bank’s price stability target, so that there will be no reason next year for interest rates to be hiked, ECB Governing Council member François Villeroy de Galhau said Tuesday.
19 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The pandemic-related crisis is not nearly over and its ramifications for financial stability will be felt only when policy support is withdrawn, European Central Bank Governing Council member Pablo Hernández de Cos said Monday.
18 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s forward guidance will continue to support the achievement of price stability even after the approaching end of the pandemic-related crisis, ECB President Christine Lagarde said Saturday.
17 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – When monetary policy is very loose, further easing can pose threats to financial stability by harming banks more than it helps them, according to a research bulletin published Thursday by the European Central Bank.
14 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Favourable financing conditions remain essential and the European Central Bank Governing Council is prepared to do as required to achieve price stability, ECB President Christine Lagarde said Thursday.
14 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau, freshly nominated to a second term at the helm of Banque de France, delivered a speech on Tuesday in which he staked out a broad array of bold positions:
13 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The global economic recovery is ongoing but remains subject to considerable downside risks, so policy support should continue, European Central Bank Governing Council member Ignazio Visco said Wednesday.
13 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau in a speech on Tuesday said that net purchases under the ECB’s pandemic emergency purchase programme (PEPP) were likely to end in March following the determination that the pandemic crisis had passed.
12 October 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on October 6 with Maric Post, Director Treasury and Capital Markets at the Belgian Debt Agency:
12 October 2021 Central Bank News
- Belgium ‘not pushing to extend’ average maturity of debt portfolio any further
- Belgian debt head Maric Post: ‘we want to stick to a liquid curve up to 50 years’
- Front-loading Belgian debt issuance in 1H is ‘something that suits us well for now’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Chief Economist Philip Lane’s speech on Monday raises the possibility that the ECB is even less inclined to withdraw support than previously thought.
11 October 2021 Central Bank News