By David Barwick – FRANKFURT (Econostream) – The European Central Bank did not initiate the tapering of its asset purchases with last week’s decision and financing conditions still very much need policy support, ECB Governing Council member Pablo Hernández de Cos said Friday.
17 September 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has essentially stumbled headlong into a pitfall of its own making after information regarding the institution’s expectations of future inflation was apparently shared by Chief Economist Philip Lane with private bankers.
17 September 2021
Econostream's latest ranking of the members of the European Central Bank Governing Council in terms of hawkishness/dovishness.
16 September 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Robert Holzmann on Wednesday warned of the monetary policy and economic consequences if the downward trend of the equilibrium real interest rate r* were not reversed.
15 September 2021
By David Barwick – FRANKFURT (Econostream) – Financial markets have taken the European Central Bank’s new forward guidance on board and understand that the ECB will be more patient before altering its monetary policy stance, Executive Board member Isabel Schnabel said on Wednesday.
15 September 2021
By David Barwick – FRANKFURT (Econostream) – With European Central Bank President Christine Lagarde having made clear last Thursday that the Governing Council would defer major decisions until December, the question of which members are formally entitled to vote at that meeting may be of particular interest.
15 September 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said Tuesday that the attitude towards inflation was one of vigilance but not worry.
14 September 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Monday combined strong rhetoric from both sides of the hawk-dove spectrum of the ECB’s Governing Council as she once again, though in more forceful terms, put on notice those anticipating persistently weak inflation.
13 September 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday again dispelled fears of a wave of French corporate bankruptcies.
13 September 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s monetary policy decision yesterday reflects the strong recovery and, at the same time, the lingering uncertainty, ECB Governing Council member Olli Rehn said on Friday.
10 September 2021
By David Barwick – FRANKFURT (Econostream) – Asset purchases made in the fourth quarter under the European Central Bank’s pandemic emergency purchase programme (PEPP) would be ‘slightly lower’ in volume than in the previous two quarters, ECB Governing Council member Boštjan Vasle said Friday.
10 September 2021
By David Barwick – FRANKFURT (Econostream) – As suggested in this space some weeks ago, European Central Bank President Christine Lagarde on Thursday deferred to December major pending decisions of the ECB Governing Council.
9 September 2021
- Public and private comments reveal range of hard-to-reconcile views
- Official to Econostream: shifting PEPP flexibility to APP ‘wouldn’t be easy, for sure’
By David Barwick – FRANKFURT (Econostream) – For the first time in a long time, Thursday’s monetary policy meeting of the European Central Bank’s Governing Council is an occasion on which the hawkish point of view stands a decent chance of prevailing.
7 September 2021
- Public and private comments suggest upside revisions likely, though magnitude unclear
- Official to Econostream: 2023 inflation projection ‘needs to be significantly higher’
By David Barwick – FRANKFURT (Econostream) – This is an overview of policy-relevant comments made in the last two weeks by European Central Bank Governing Council members, in particular such comments as may indicate how the speaker would regard a reduction in 4Q of the volume of pandemic emergency purchase programme (PEPP) purchases:
2 September 2021
By David Barwick – FRANKFURT (Econostream) – Risks to inflation are tilted to the upside, European Central Bank Governing Council member Jens Weidmann said Wednesday.
1 September 2021
- President Lagarde Too Suggests Crisis Phase Ending, So 'No Longer a Question of Massive Support'
1 September 2021
By David Barwick – FRANKFURT (Econostream) – Currently high euro area inflation is a temporary phenomenon and the European Central Bank should thus exercise caution, ECB Governing Council member Yannis Stournaras said Wednesday.
1 September 2021
By David Barwick – FRANKFURT (Econostream) – The high debt of some countries will require the effort of decades to be reduced, European Central Bank Governing Council member Klaas Knot said Tuesday.
31 August 2021