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
By David Barwick – Frankfurt (Econostream) – Getting all Germans vaccinated against Covid-19 by late September will require considerable effort, a dubious-sounding Finance Minister Olaf Scholz said on Monday.
1 February 2021
By David Barwick – FRANKFURT (Econostream) – Eurozone growth and inflation would revert this year to their levels of prior to the pandemic, European Central Bank Executive Board member Philip Lane said on Sunday.
1 February 2021
By David Barwick – FRANKFURT (Econostream) – Despite the ‘interesting’ recent pick-up in German inflation, price pressures overall are likely to remain weak, so that too-low inflation will continue to be a greater worry than too-high, European Central Bank Executive Board member Isabel Schnabel said Sunday.
31 January 2021
By David Barwick – FRANKFURT (Econostream) – The German economy narrowly avoided contraction in the fourth quarter of last year, according to price, seasonally and calendar-adjusted data released Friday by the Federal Statistical Office.
29 January 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank intends to keep financing conditions favourable as long as needed, ECB Executive Board member Isabel Schnabel said Thursday.
28 January 2021
By David Barwick – FRANKFURT (Econostream) – The economic difficulty due to the pandemic’s worsening is a near-term problem that it is delaying the recovery, European Central Bank Executive Board member Philip Lane said on Wednesday.
27 January 2021
26th January 2021 By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Mario Centeno on Tuesday said that fiscal, monetary and prudential policies must work together for optimal effect. In remarks at the CFA Institute...
26 January 2021
By David Barwick – FRANKFURT (Econostream) – A degree of normality will hopefully return soon thanks to the vaccination of the public against Covid-19, European Central Bank Executive Board member Frank Elderson said on Monday.
25 January 2021
By David Barwick – FRANKFURT (Econostream) – The worsening of the pandemic and the public health policy response constitute a substantial downside risk to the outlook, European Central Bank Executive Board member Philip Lane said on Monday.
25 January 2021
By David Barwick – FRANKFURT (Econostream) – The first decline in German manufacturing sector sentiment since last April drove a fall in the country’s business climate for the month of January, according to the Ifo Institute on Monday.
25 January 2021
The headline business climate index fell from a seasonally adjusted 92.2 in December to 90.1 in January as companies more negatively assessed both the current situation (down from 91.3 to 89.2) and their expectations (down from 93.0 to 91.1), the research institute said.
25 January 2021
By David Barwick – FRANKFURT (Econostream) – Germany will emerge stronger from the crisis that the pandemic triggered, Finance Minister Olaf Scholz said on Saturday.
23 January 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council is ready to take additional measures if the situation warrants it, Council member Boštjan Vasle said Friday.
22 January 2021
By David Barwick – FRANKFURT (Econostream) – Favourable financing conditions are the compass according to which the European Central Bank is setting monetary policy to counter the impact of the pandemic on inflation, ECB President Christine Lagarde said Thursday.
21 January 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank can look forward on Thursday to what could be one of the least eventful Governing Council monetary policy meetings since the outbreak of the pandemic a year ago.
20 January 2021
By David Barwick – FRANKFURT (Econostream) – The uncertain atmosphere requires ongoing policy support and in particular easy monetary policy, European Central Bank Governing Council member François Villeroy de Galhau said Tuesday.
19 January 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Thursday warned that the rate of non-performing loans would rise considerably in the next quarters even in a best-case scenario.
14 January 2021
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 9-10 December, released by the ECB on Thursday, indicated that the centrepiece of the Governing Council’s array of measures at the time was a compromise between those who wanted to do more and those who argued for less.
14 January 2021
By David Barwick – FRANKFURT (Econostream) – The German government has the financial wherewithal to continue mitigating the impact of the pandemic for a long time, Finance Minister Olaf Scholz said on Wednesday.
13 January 2021