By David Barwick – FRANKFURT (EconoStream) – Making fewer purchases than the volume of the European Central Bank’s pandemic emergency purchase programme (PEPP) would allow is a ‘nice idea’ that would reinforce the ECB’s credibility, ECB Governing Council member Carlos da Silva Costa said Friday.
17 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s implementation of its Pandemic Emergency Purchase Programme (PEPP) has decelerated somewhat in light of an improved environment, but the ECB still intends to deploy the full envelope, ECB President Christine Lagarde said Thursday.
16 July 2020
By David Barwick – LONDON (EconoStream) – Downside risks to demand and the likelihood of persistent disinflationary pressures are among the factors that led Silvana Tenreyro, External Member of the Bank of England’s Monetary Policy Committee, to support additional monetary accommodation last month, she said on Wednesday.
15 July 2020
By David Barwick – FRANKFURT (EconoStream) – The possibility of inflation expectations becoming unanchored could make it harder to chart a monetary policy course through the current crisis, Lael Brainard, member of the U.S. Federal Reserve's Board of Governors, said Tuesday.
14 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank will consider in its strategy review whether its definition of price stability remains appropriate, ECB Executive Board member Isabel Schnabel said on Monday.
13 July 2020
By David Barwick – FRANKFURT (EconoStream) – The economic fallout from the pandemic could leave companies and households unable to handle their debt burdens and thus at risk of insolvency, European Central Bank Governing Council member Carlos da Silva Costa said Wednesday.
8 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank has ‘quite a bit of time’ to decide whether the measures it has taken so far are sufficient to counter the economic fallout from the pandemic, ECB President Christine Lagarde said Wednesday.
8 July 2020
By David Barwick – FRANKFURT (EconoStream) – The impact on economic growth from the pandemic may be less severe than anticipated, but still seems likely to be consistent with the European Central Bank’s chief scenario, ECB Executive Board member Isabel Schnabel said on Tuesday.
7 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank must take into account the potential monetary policy ramifications of greater international use of the euro, even as the institution is an important contributor to the policy mix supporting a bigger global role for the common currency, ECB Executive Board member Fabio Panetta said Tuesday.
7 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank should play it safe when it comes time to withdraw monetary accommodation so as to avoid any need to backtrack, ECB Governing Council member Olli Rehn said on Friday.
3 July 2020
By David Barwick – FRANKFURT (EconoStream) – The Bank of England’s policy stance is suited to the current environment but risks to the outlook are negative overall, Jonathan Haskel, external member of the BOE’s Monetary Policy Committee, said on Wednesday.
1 July 2020
By David Barwick – FRANKFURT (EconoStream) – The economic recovery is proceeding at different speeds throughout the euro area, European Central Bank Vice President Luis de Guindos said Wednesday.
1 July 2020
By David Barwick – FRANKFURT (EconoStream) – Whenever it is that inflation increases, no one should think that the European Central Bank won’t modify its stance accordingly, ECB Governing Council member Olli Rehn said on Wednesday.
1 July 2020
By David Barwick – FRANKFURT (EconoStream) – Any significant tightening of financial conditions will elicit a policy reaction from the European Central Bank until the fallout from the pandemic has been overcome, ECB Executive Board member Fabio Panetta said Wednesday.
1 July 2020
By David Barwick – FRANKFURT (EconoStream) – Even the European Central Bank’s gloomiest scenario does not truly envision deflation, ECB Executive Board member Philip Lane said Wednesday.
1 July 2020
By David Barwick – FRANKFURT (EconoStream) – The UK economy is coming back ‘sooner and faster’ than the Bank of England had anticipated, BOE Chief Economist Andy Haldane said Tuesday.
30 June 2020
By David Barwick – PARIS (EconoStream) – The latest growth forecasts of the International Monetary Fund are unduly gloomy with respect to Europe, European Central Bank Governing Council member François Villeroy de Galhau said Monday.
29 June 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Isabel Schnabel on Saturday painted a bleak picture with respect to the outlook for growth and inflation in the aftermath of the pandemic.
27 June 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank has not yet so much as begun considering expanding its asset purchases to encompass equities, Governing Council member Robert Holzmann said on Friday.
26 June 2020
By David Barwick – FRANKFURT (EconoStream) – Were financial market tensions to dissipate sufficiently, the European Central Bank would not need to deploy the full scope of its pandemic emergency purchase programme (PEPP), ECB Executive Board member Yves Mersch said Thursday.
25 June 2020