In a blog post on the ECB website, Lane, who is also Chief Economist of the ECB, said that it had ‘long been clear’ that the worst economic toll would be taken in the second quarter, given the extent of the contraction in April.
4 August 2020
By David Barwick – PARIS (EconoStream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday reiterated his hope that France might return to a pre-Covid level of economic activity in early 2022.
30 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank on Thursday confirmed the need for substantial monetary accommodation to support the economic recovery and price stability.
30 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s unwinding of its ultra-loose policy stance will be driven chiefly by inflation developments, ECB Governing Council member Yannis Stournaras said Wednesday.
30 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank must continue to shore up the economic recovery with a high degree of monetary accommodation, ECB Executive Board member Fabio Panetta said Monday.
27 July 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Jens Weidmann said on Monday that it is possible additional stimulus – not necessarily monetary – would be needed by the economy next year.
27 July 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos’ pronouncement on Sunday that the Eurozone economy is emerging structurally unscathed from the pandemic may imply that the ECB is more firmly on hold than observers already assumed.
27 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European economy has suffered no structural damage in the wake of the pandemic, European Central Bank Vice President Luis de Guindos said Sunday.
26 July 2020
By David Barwick – FRANKFURT (EconoStream) – Consumers’ uncertainty will restrain the economic recovery from the pandemic, Jonathan Haskel, external member of the Bank of England’s Monetary Policy Committee, said on Thursday.
23 July 2020
By David Barwick – FRANKFURT (EconoStream) – Weak demand will continue to depress inflation over the medium term, European Central Bank Governing Council member Pablo Hernandez de Cos said on Thursday.
23 July 2020
By David Barwick – FRANKFURT (EconoStream) – Recent data are confirming the appropriateness of the European Central Bank’s baseline forecast of economic growth in the euro area, ECB President Christine Lagarde said Thursday.
23 July 2020
By David Barwick – FRANKFURT (EconoStream) – The financial system is not the focus of the crisis caused by the pandemic, but is nevertheless under pressure, European Central Bank Vice President Luis de Guindos said Wednesday.
22 July 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Board member Isabel Schnabel on Tuesday played down expectations of further ECB action and rejected the idea of allowing monetary policy to be dictated by financial markets.
21 July 2020
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