By David Barwick – FRANKFURT (Econostream) – Keeping inflation from becoming excessive may be the most difficult task for euro area monetary policy in the coming years, European Central Bank Governing Council member Klaas Knot said Thursday.
17 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said late Tuesday that the Russian attack on Ukraine would not drive Europe into recession even in the worst-case scenario of the ECB.
16 March 2022
By David Barwick – FRANKFURT (Econostream) – The conditions for the European Central Bank to hike interest rates are not yet met, Governing Council member Mario Centeno said Wednesday.
16 March 2022
By David Barwick – FRANKFURT (Econostream) – Some 2.5 million Ukrainian refugees have entered the EU in the last few weeks as a result of Russian military aggression, but this is so far seen by the ECB as being of limited relevance for labour market developments, Econostream understands.
15 March 2022
ECB’s Lagarde: 3Q Asset Purchases to Be Data-Dependent and Reflect the Outlook
15 March 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is taking into account the opposing medium-term inflation impact of Russia’s attack on Ukraine, with an increase in the risk of second-round effects on the one hand and the potential for diminished price pressures due to weaker economic developments on the other, ECB Governing Council member Pablo Hernández de Cos said Tuesday.
15 March 2022
By David Barwick – FRANKFURT (Econostream) – The days of the targeted longer-term refinancing operations (TLTROs) of the European Central Bank seem likely to be numbered, Econostream understands.
14 March 2022
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. Updates are made on a periodic basis.
14 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday said that even under a severe scenario, the economic shock related to Russian military aggression against Ukraine would not prevent the French economy from expanding this year by almost 3%.
14 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Saturday said that the economic shock related to Russian military aggression against Ukraine did not justify a ‘whatever it takes’ response from monetary policy.
12 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that inflation was becoming more widespread.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – It seems inevitable that the euro area will have to go through a period of zero growth and high inflation, European Central Bank Governing Council member Mario Centeno said Friday.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s asset purchase programme could potentially wind up ending in the second quarter, Econostream understands.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council’s decision on Thursday should be understood less as an acceleration than as a logical response to an array of macroeconomic factors inconsistent with the present policy stance, in the view of one insider who spoke to Econostream.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – Against the backdrop of high inflation, the European Central Bank Governing Council arrived relatively easily at an agreement this week not to wait until April to make monetary policy decisions, Econostream understands.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB would not let its monetary policy decision-making be put on hold for too long.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday indicated that financial markets might not have appropriately assessed the timing of an ECB rate hike, given the absence now of automaticity between the end of net purchases and rates lift-off.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – After only last month finally starting to take upside inflation risks as seriously as many of her European Central Bank Governing Council colleagues had taken them for some time, President Christine Lagarde made it clear on Thursday that, ‘watershed’ event or not, for now Russia’s assault on Ukraine was not going to deter the ECB from pursuing normalisation.
10 March 2022
By David Barwick – FRANKFURT (Econostream) – Russian military aggression against Ukraine has deflationary implications for the medium term and warrants caution on the part of policymakers, according to European Central Bank Governing Council member Yannis Stournaras on Tuesday.
8 March 2022