By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday argued again that the euro area lagged far behind the United States in policy-relevant respects and urged sustained fiscal support.
17 June 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday played down the significance for the ECB of Wednesday’s unexpectedly hawkish policy guidance from the US Federal Reserve.
17 June 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday indicated that the September Governing Council meeting might be too soon for the ECB to abandon its current ‘steady hand’ and start beating a retreat from its ultra-accommodative policy stance.
17 June 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is very interested in what the accumulation of savings during the pandemic means for economies as they reopen, Governing Council member Gabriel Makhlouf said on Wednesday.
16 June 2021
This is a quick take on comments made Monday by European Central Bank Governing Council member Robert Holzmann, Governor of the Austrian National Bank.
14 June 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Robert Holzmann on Monday suggested that the pandemic emergency purchase programme (PEPP) would end as scheduled next March and that the decision about the transition away from the PEPP would be made in the fall.
14 June 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde’s comments to Politico published Monday represented a further tentative step in the direction of conceding the inevitable: an economic recovery that would make extraordinary policy support unnecessary and hence require discussion about withdrawing related measures.
14 June 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday gave an even more upbeat assessment of euro area economic prospects than at Thursday’s press conference, predicting a return to pre-Covid levels of output already in the first quarter of next year.
14 June 2021
By David Barwick – FRANKFURT (Econostream) – German Bundesbank Board member Joachim Wuermeling on Monday defended negative interest rates as appropriate in light of inflation prospects.
14 June 2021
By David Barwick – FRANKFURT (Econostream) – The Spanish economy will expand by 6.2% this year and 5.8% next before slowing to 1.8% in 2023, according to the latest projections of Banco de España, released Monday.
14 June 2021
This is a quick take on comments made Monday by European Central Bank Governing Council member François Villeroy de Galhau, Governor of Banque de France, in French daily Le Figaro.
14 June 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said Friday that the ECB had to keep monetary policy accommodative and that the ECB could be ‘at least as patient’ as the US Federal Reserve in setting policy.
11 June 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Robert Holzmann on Friday declined to say whether he had supported the ECB’s decision yesterday to continue conducting asset purchases under the pandemic emergency purchase programme (PEPP) at the higher pace of the second quarter.
11 June 2021
By David Barwick – FRANKFURT (Econostream) – Substantial monetary and fiscal policy support is still necessary to ensure favourable financing conditions, European Central Bank Governing Council member Boštjan Vasle said Friday.
11 June 2021
By David Barwick – FRANKFURT (Econostream) – The German economy may return to pre-pandemic levels of output as early as this summer, ECB Governing Council member and German Bundesbank President Jens Weidmann said Friday.
11 June 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday acknowledged more frankly than previously the emerging economic recovery while firmly rejecting in familiar language the idea that tapering had been or would soon be on the Governing Council’s agenda.
10 June 2021
By David Barwick – FRANKFURT (Econostream) – Though the European Central Bank’s Governing Council will probably avoid any discussion tomorrow of the winding down of its pandemic emergency purchase programme (PEPP), such a discussion seems likely to occur before at least some members are ready for it.
9 June 2021
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on June 4 with Elvira Eurlings, head of the Dutch State Treasury Agency:
9 June 2021
- ‘We Want to Be a Bit Closer to the Quarterly Updates’ This Year
- Issuing Beyond 30 Years Is ‘A Valid Question for Us to Touch Base With the Market Again’
- ‘No Further DDAs This Year’
By David Barwick – FRANKFURT (Econostream) – The forward-looking ZEW German economic sentiment indicator retreated in June from the previous month’s 20-year high, declining 4.6 points to 79.8, economic research institute ZEW said on Tuesday.
8 June 2021