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ECB Insight: Another Stubbornly Dovish Performance by Lagarde

ECB Insight: Another Stubbornly Dovish Performance by Lagarde

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday was at great pains to sound dovish, so much so that she appeared to suggest rather blithely at one point that the ECB hadn’t really even so much formally accelerated pandemic-related asset purchases as it had simply adjusted the pace to a new normal consistent with the ECB’s policy approach.

22 April 2021
ECB Insight: Time to Make Clearer That Downside Risks Are Not the Only Ones

ECB Insight: Time to Make Clearer That Downside Risks Are Not the Only Ones

By David Barwick – FRANKFURT (Econostream) – In recent weeks one might be excused for thinking that some members of the European Central Bank’s Governing Council live in dread fear of an economic improvement in the Eurozone that could lead to any withdrawal of monetary accommodation. Given that it has become significantly harder to overlook the likelihood of such an improvement, as the need to make important policy decisions approaches inexorably, ECB President Christine Lagarde’s role as mediator could take on new meaning this Thursday.

20 April 2021