By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Tuesday said that euro area inflation risks were on the upside and that under current uncertainty monetary authorities should not make commitments that go too far.
7 December 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday indicated that the Omicron variant of the coronavirus constituted a risk but suggested that it was manageable.
7 December 2021
By David Barwick – FRANKFURT (Econostream) – A European Central Bank working paper published Monday said that simultaneously applying expansive monetary and fiscal policies could substantially improve growth and boost inflation without necessarily leading to unsustainable debt.
6 December 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank remains undecided as to whether currently high inflation is indeed temporary, ECB Governing Council member Edward Scicluna said Friday.
6 December 2021
By David Barwick – FRANKFURT (Econostream) – The German government has decided on its preferred candidate to replace outgoing Bundesbank President and European Central Bank Governing Council member Jens Weidmann, according to the Financial Times on Thursday.
3 December 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday confirmed that net assets under the ECB’s pandemic emergency purchase programme (PEPP) would probably end in March, but suggested that the upcoming Governing Council meeting would provide clarity without making long-term commitments, given high uncertainty.
3 December 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank on Thursday invoked the limited room to manoeuvre of monetary policy as an argument for sustainable fiscal policies, and in this context expressed support for a more straightforward Stability and Growth Pact (SGP).
2 December 2021
By David Barwick – FRANKFURT (Econostream) – A European Central Bank working paper published Thursday said its findings confirmed the validity for the euro area of the Phillips curve.
2 December 2021
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy:
1 December 2021
By David Barwick – FRANKFURT (Econostream) – Monetary policy in the euro area should be patient about withdrawing accommodation, but remain alert to the potential for expectations to disanchor, European Central Bank Governing Council member Pablo Hernández de Cos said Tuesday.
30 November 2021
ECB’s Vasle: Increasing Likelihood that Inflation Will Stay Above 2%
30 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Jens Weidmann on Tuesday urged once again that monetary authorities be wary of fiscal dominance.
30 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that euro area inflation would definitely ease starting next year.
30 November 2021
By David Barwick – FRANKFURT (Econostream) – The transitory nature of inflation is reason to take care not to prematurely remove monetary accommodation in the euro area, and flexibility in conducting asset purchases should be retained, European Central Bank Governing Council member Pablo Hernández de Cos said Monday.
29 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Monday said that euro area inflation would definitely ease starting next year.
29 November 2021
By David Barwick – FRANKFURT (Econostream) – Euro area inflation will peak this month and then slowly go back down in 2022, European Central Bank Executive Board member Isabel Schnabel said Monday.
29 November 2021
By David Barwick – FRANKFURT (Econostream) – The time is right for the European Central Bank to exit from pandemic-related emergency measures, though without quickly abandoning a very accommodative stance, Banque de France First Deputy Governor Denis Beau said Thursday.
26 November 2021
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 27-28 October, released by the ECB on Thursday, confirmed the preoccupation among Governing Council members with inflation and made clear that opinion differed, even if the general view was of an improved medium-term outlook.
25 November 2021
By David Barwick – FRANKFURT (Econostream) – Although the financial system functioned well during the pandemic, existing vulnerabilities mounted and the risk of underestimating threats may have further increased, the German Bundesbank said on Thursday in its financial stability report for 2021.
25 November 2021
By David Barwick – PARIS (Econostream) – European Central Bank Executive Board member Fabio Panetta on Wednesday argued for continuing to deploy monetary policy to safeguard the recovery and restore pre-pandemic trend economic growth, a condition in his view for price stability, and said he saw ‘little chance of sustained inflation above 2% in the medium term.’
24 November 2021