By David Barwick – FRANKFURT (Econostream) – The European Central Bank on Thursday invoked the limited room to manoeuvre of monetary policy as an argument for sustainable fiscal policies, and in this context expressed support for a more straightforward Stability and Growth Pact (SGP).
2 December 2021
By David Barwick – FRANKFURT (Econostream) – A European Central Bank working paper published Thursday said its findings confirmed the validity for the euro area of the Phillips curve.
2 December 2021
By David Barwick – FRANKFURT (Econostream) – The monetary policy meeting of the European Central Bank Governing Council to take place starting two weeks from today may have become more interesting yet in light of increasing speculation that a number of its members would prefer to postpone some of the major decisions previously envisioned emerging from the occasion.
1 December 2021
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:
1 December 2021
By David Barwick – FRANKFURT (Econostream) – Monetary policy in the euro area should be patient about withdrawing accommodation, but remain alert to the potential for expectations to disanchor, European Central Bank Governing Council member Pablo Hernández de Cos said Tuesday.
30 November 2021
ECB’s Vasle: Increasing Likelihood that Inflation Will Stay Above 2%
30 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Jens Weidmann on Tuesday urged once again that monetary authorities be wary of fiscal dominance.
30 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos’ interview today with French daily Les Echos seems to indicate that the latest coronavirus variant does not fundamentally change anything as the Governing Council prepares to set the course of monetary policy.
30 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that euro area inflation would definitely ease starting next year.
30 November 2021
By David Barwick – FRANKFURT (Econostream) – The transitory nature of inflation is reason to take care not to prematurely remove monetary accommodation in the euro area, and flexibility in conducting asset purchases should be retained, European Central Bank Governing Council member Pablo Hernández de Cos said Monday.
29 November 2021
By David Barwick – FRANKFURT (Econostream) – The recruitment and supply difficulties affecting French economic growth may already be starting to dissipate somewhat, according to French Treasury Chief Economist Agnès Bénassy-Quéré.
29 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Monday said that euro area inflation would definitely ease starting next year.
29 November 2021
By David Barwick – FRANKFURT (Econostream) – Euro area inflation will peak this month and then slowly go back down in 2022, European Central Bank Executive Board member Isabel Schnabel said Monday.
29 November 2021
By David Barwick – FRANKFURT (Econostream) – The interview that came out late Friday with European Central Bank President Christine Lagarde was not devoid of insights beyond the probably futile attempt to bolster her standing among citizens of the euro area’s largest member economy, not too delighted with the ECB to begin with and now also up in arms about rates of inflation last seen almost three decades ago.
29 November 2021
By David Barwick – FRANKFURT (Econostream) – The time is right for the European Central Bank to exit from pandemic-related emergency measures, though without quickly abandoning a very accommodative stance, Banque de France First Deputy Governor Denis Beau said Thursday.
26 November 2021
- Insider: Tapering, hiking, then downsizing balance sheet remains central scenario
- Insider: If the situation changes, we may improve on our forward guidance if necessary
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 27-28 October, released by the ECB on Thursday, confirmed the preoccupation among Governing Council members with inflation and made clear that opinion differed, even if the general view was of an improved medium-term outlook.
25 November 2021
By David Barwick – FRANKFURT (Econostream) – Although the financial system functioned well during the pandemic, existing vulnerabilities mounted and the risk of underestimating threats may have further increased, the German Bundesbank said on Thursday in its financial stability report for 2021.
25 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Jens Weidmann on Wednesday spoke out strongly about inflation risks and in support of the timely withdrawal of monetary accommodation.
24 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta’s speech on Wednesday confirmed – not for the first time- that surprisingly little has changed about his fundamental opposition to a withdrawal of ECB policy support.
24 November 2021