Central Bank News
ECB’s Villeroy: ECB Will Probably Have to Go Yet Further
By David Barwick – PARIS (EconoStream) – The European Central Bank will probably have to do more to support a return to price stability, ECB Governing Council member François Villeroy de Galhau said Wednesday.
6 May 2020
ECB’s Weidmann: Need Monetary Support, But Mustn’t Forget Exit
By David Barwick – FRANKFURT (EconoStream) – Notwithstanding the current need for monetary policy support, the European Central Bank shouldn’t forget about the need to exit, ECB Governing Council member Jens Weidmann said on Tuesday.
5 May 2020
ECB’s Holzmann: Likely Long Delay in Exit from Unconventional Policy
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s exit from its non-standard monetary policy measures is likely to be subject to a very long deferral, Governing Council member Robert Holzmann said on Saturday.
2 May 2020
ECB’s Lane Calls Countering Spreads a ‘Basic Task’ of Central Banks
By David Barwick – FRANKFURT (EconoStream) – It is a “basic task” of the European Central Bank to ward off the destabilising threat that spreads can pose, according to ECB Executive Board member Philip Lane on Friday.
1 May 2020
ECB’s Lagarde: To Use ECB Policy to Benefit of any Country in Need
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank will deploy its policy tools to the benefit of any country in need, ECB President Christine Lagarde said Thursday.
30 April 2020
BOE’s Vlieghe: Priority is to Return Economy to pre-Virus Path ASAP
23rd April 2020 By David Barwick – LONDON (EconoStream) – The current priority for monetary policy has to be getting the economy back to the path it was on prior to the pandemic, Gertjan Vlieghe, external member of the Bank of England’s Monetary Policy...
23 April 2020
ECB’s de Guindos, Schnabel: Can Extend or Modify Collateral Steps
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank could keep its relaxed collateral rules in place longer than currently planned or modify these, according to the situation, ECB Vice President Luis de Guindos and Executive Board member Isabel Schnabel said Wednesday.
23 April 2020
ECB Temporarily Eases Collateral Rules to Cushion Rating Downgrades
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank on Wednesday decided on a series of temporary measures to cushion the impact on collateral eligibility of possible rating downgrades in the aftermath of the pandemic, according to a statement published on the ECB’s website.
22 April 2020
ECB’s Panetta: Need Strong, Symmetric Euro Area Fiscal Response
By David Barwick – FRANKFURT (EconoStream) – Euro area countries must counter the economic fallout from the pandemic with a “strong, symmetric fiscal response,” the only option in the interest of all of them, European Central Bank Executive Board member Fabio Panetta said Tuesday.
21 April 2020
ECB’s Rehn: To Do Everything Within Mandate to Support Euro Area
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank will do everything in the scope of its mandate to address the economic fallout from the pandemic, ECB Governing Council member Olli Rehn said on Friday.
18 April 2020
ECB’s de Guindos: Open-Minded on How to Handle Further Tensions
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is not pre-committed to any particular response to a worsening of the current situation, ECB Vice President Luis de Guindos said in a newspaper interview on Saturday.
18 April 2020
ECB’s Lagarde: Prepared to Expand and Modify Asset Buys if Needed
16th April 2020 By David Barwick - FRANKFURT (EconoStream) – The European Central Bank is prepared to buy a larger and different mix of assets if the situation warrants it, ECB President Christine Lagarde said Thursday. In a statement at a gathering...
16 April 2020
ECB’s Schnabel: ECB To Do Everything Needed To Support Euro Area
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is prepared to modify its stance as warranted to support a return to price stability and to ensure the smooth transmission of its monetary policy, ECB Executive Board member Isabel Schnabel said on Thursday.
16 April 2020
BoE’s Tenreyro: Prepared to Take Further Measures Vs Coronavirus
16th April 2020 By David Barwick – LONDON (EconoStream) – The Bank of England is prepared to take additional measures to counter the fallout from the pandemic, Silvana Tenreyro, External Member of the BOE’s Monetary Policy Committee, said on Thursday...
16 April 2020
ECB’s Villeroy: Weak HICP Implies Very Low Rates for a Long Time
15th April 2020 By David Barwick - PARIS (EconoStream) – Weak euro area inflation in the wake of the pandemic will oblige the European Central Bank to keep official interest rates low and liquidity ample for a long time, Governing Council member François...
15 April 2020
ECB’s de Guindos: Recovery’s Shape “Somewhere Between a V and a U”
12th April 2020 By David Barwick - MADRID (EconoStream) – The euro area economy will follow something between a V- and a U-shaped trajectory through the pandemic and into a recovery from the third quarter of this year and above all next year, European...
12 April 2020
ECB Temporarily Eases Collateral Rules, Issues Greece Waiver
10th April 2020 By David Barwick - FRANKFURT (EconoStream) – The European Central Bank on Tuesday decided on a series of measures to make it easier for banks to finance their lending to the real economy, in the process issuing to Greece a waiver making...
10 April 2020
ECB’s Lagarde: There Are No Limits To Our Commitment To Euro Area
9th April 2020 By David Barwick - FRANKFURT (EconoStream) – The European Central Bank has not run out of ammunition and is committed without limit to supporting the common currency, ECB President Christine Lagarde said Thursday. In interviews with French...
9 April 2020
ECB’s Villeroy: Facing Sustained Too-Weak Inflation in Euro Area
7th April 2020 By David Barwick - PARIS (EconoStream) – The euro area faces a situation of sustained too-weak inflation in the wake of the coronavirus pandemic, if not a risk of deflation, Governing Council member François Villeroy de Galhau said Wednesday...
7 April 2020