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
By David Barwick – FRANKFURT (EconoStream) – The economy is going to require considerable policy support for quite a while, European Central Bank Governing Council member Klaas Knot said Thursday.
25 June 2020
By David Barwick – FRANKFURT (EconoStream) – It is essential that the financial dimension of the current economic crisis be kept limited, European Central Bank Governing Council member Pablo Hernandez de Cos said on Wednesday.
24 June 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s decisions of the past several months would give substantial boosts over the medium term to growth and inflation, ECB Executive Board member Philip Lane said Tuesday.
24 June 2020
23rd June 2020 The ECB Weekly Financial Statement released today shows that the ECB received redemptions for the PEPP programme for the 3rd week running. The amounts are still low (just €0.6bn). The PSPP had larger redemptions at €6.3bn, meaning that...
23 June 2020
By David Barwick – FRANKFURT (EconoStream) – The economic recovery is subject to extreme uncertainty and substantial downside risks, European Central Bank Vice President Luis de Guindos said Monday.
22 June 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s decisions are driven by its price stability mandate and it currently has to counter deflationary tendencies, ECB Vice President Luis de Guindos said Monday.
22 June 2020