By David Barwick – Frankfurt (Econostream) – German Finance Minister Olaf Scholz on Thursday suggested that Germany would reach a degree of normalcy by the summer that would allow social distancing to be significantly reduced.
25 February 2021
By David Barwick – FRANKFURT (Econostream) – Eurozone economic output should be back at pre-pandemic levels by the middle of next year, European Central Bank Executive Board member Isabel Schnabel said Wednesday.
25 February 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is watching longer-term nominal bond yields particularly closely in assessing the state of financing conditions, ECB President Christine Lagarde said Monday.
23 February 2021
By David Barwick – Frankfurt (Econostream) – The further evolution of the pandemic could lead to weaker economic developments than the MPC’s main scenario, an outcome under which additional accommodation in the form of a negative Bank Rate would be appropriate, Gertjan Vlieghe, external member of the BOE’s Monetary Policy Committee, said on Monday.
22 February 2021
By David Barwick – Frankfurt (Econostream) – German Finance Minister Olaf Scholz made clear over the weekend that he would be unwilling to reduce government spending on investment and social welfare.
20 February 2021
By David Barwick – FRANKFURT (Econostream) – It is quite premature to conclude from rising long-term interest rates in the U.S. that the American economy is close to overheating and that inflation has sustainably recovered, European Central Bank Governing Council member François Villeroy de Galhau said Friday.
19 February 2021
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 13-14 January, released by the ECB on Thursday, indicated that Governing Council members were unanimous about the decision to reconfirm their policy recalibration of six weeks previously, viewing existing measures as adequate to the situation.
18 February 2021
By David Barwick – FRANKFURT (Econostream) – Low interest rates will last for longer but not forever and national government indebtedness must not be allowed to stand in the way of their eventual increase, European Central Bank Governing Council member Jens Weidmann said Friday.
15 February 2021
By David Barwick – FRANKFURT (Econostream) – It may be unnecessary to deploy all of the €500 billion by which the European Central Bank expanded its pandemic emergency purchase programme (PEPP) in December, Governing Council member Robert Holzmann suggested on Friday.
12 February 2021
By David Barwick – FRANKFURT (Econostream) – Stronger euro area investment is necessary to avoid long-term damage from the crisis to the area’s economy, European Central Bank Governing Council member Vitas Vasiliauskas suggested on Friday.
11 February 2021
By David Barwick – FRANKFURT (Econostream) – The pandemic’s duration is increasing the risk that cracks in the financial system will emerge, European Central Bank Governing Council member Gabriel Makhlouf suggested on Thursday.
11 February 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank remains ready to adjust its policy stance as needed to ensure further progress toward its goal of price stability, ECB Governing Council member Pablo Hernandez de Cos said Wednesday.
10 February 2021
By David Barwick – FRANKFURT (Econostream) – Consumer prices in Germany last month rose 1.0% on the year and 0.8% on the month, the German Federal Statistical Office said Wednesday, confirming the preliminary estimates of January 28.
10 February 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s commitment to ensuring favourable financing conditions is crucial, ECB President Christine Lagarde said Monday.
8 February 2021
By David Barwick – Frankfurt (Econostream) – The German government will continue extending financial support consistent with the state of the pandemic until the crisis has ended, Finance Minister Olaf Scholz said on Monday.
8 February 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s commitment to the common currency is without limits, ECB President Christine Lagarde said Sunday.
7 February 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank did better as a source of stability during the latest crisis than as a source of price stability, Governing Council member Robert Holzmann suggested on Friday.
5 February 2021
By David Barwick – FRANKFURT (Econostream) – The Bank of England’s monetary policy will tighten when the situation changes so as to warrant tightening, Andrew Bailey, Governor of the BOE, said on Friday.
5 February 2021
By David Barwick – FRANKFURT (Econostream) – The vaccination of Europe’s citizens should fuel the economic rebound from the third quarter of this year, European Central Bank Vice President Luis de Guindos said Friday.
5 February 2021
By David Barwick – FRANKFURT (EconoStream) – German Bundesbank Board Member Burkhard Balz on Wednesday conceded the current importance of accommodative monetary policy but reminded that interest rates would be hiked when the inflation situation changed.
3 February 2021