By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde’s comments to Politico published Monday represented a further tentative step in the direction of conceding the inevitable: an economic recovery that would make extraordinary policy support unnecessary and hence require discussion about withdrawing related measures.
14 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday gave an even more upbeat assessment of euro area economic prospects than at Thursday’s press conference, predicting a return to pre-Covid levels of output already in the first quarter of next year.
14 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – German Bundesbank Board member Joachim Wuermeling on Monday defended negative interest rates as appropriate in light of inflation prospects.
14 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The Spanish economy will expand by 6.2% this year and 5.8% next before slowing to 1.8% in 2023, according to the latest projections of Banco de España, released Monday.
14 June 2021 Central Bank News
This is a quick take on comments made Monday by European Central Bank Governing Council member François Villeroy de Galhau, Governor of Banque de France, in French daily Le Figaro.
14 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said Friday that the ECB had to keep monetary policy accommodative and that the ECB could be ‘at least as patient’ as the US Federal Reserve in setting policy.
11 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Robert Holzmann on Friday declined to say whether he had supported the ECB’s decision yesterday to continue conducting asset purchases under the pandemic emergency purchase programme (PEPP) at the higher pace of the second quarter.
11 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Substantial monetary and fiscal policy support is still necessary to ensure favourable financing conditions, European Central Bank Governing Council member Boštjan Vasle said Friday.
11 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The German economy may return to pre-pandemic levels of output as early as this summer, ECB Governing Council member and German Bundesbank President Jens Weidmann said Friday.
11 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday acknowledged more frankly than previously the emerging economic recovery while firmly rejecting in familiar language the idea that tapering had been or would soon be on the Governing Council’s agenda.
10 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Though the European Central Bank’s Governing Council will probably avoid any discussion tomorrow of the winding down of its pandemic emergency purchase programme (PEPP), such a discussion seems likely to occur before at least some members are ready for it.
9 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on June 4 with Elvira Eurlings, head of the Dutch State Treasury Agency:
9 June 2021 Central Bank News
- ‘We Want to Be a Bit Closer to the Quarterly Updates’ This Year
- Issuing Beyond 30 Years Is ‘A Valid Question for Us to Touch Base With the Market Again’
- ‘No Further DDAs This Year’
By David Barwick – FRANKFURT (Econostream) – The forward-looking ZEW German economic sentiment indicator retreated in June from the previous month’s 20-year high, declining 4.6 points to 79.8, economic research institute ZEW said on Tuesday.
8 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – In contrast to the high expectations for June prevailing in the aftermath of March’s anti-climactic Governing Council meeting, this week’s gathering of the European Central Bank is likely to be less of an inflection point following recent comments by ECB officials that seem to preordain the policy outcome and foreshadow the tone at the subsequent press conference.
8 June 2021 Central Bank News
Latest Update of the Econostream Media ECB Hawk-Dove Ranking.
4 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – A prolonged increase of inflation is am improbable scenario and policymakers need to avoid reacting to developments hastily and potentially threatening the recovery, European Central Bank Governing Council member Gediminas Šimkus said Friday.
4 June 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on May 28 with Cristina Casalinho, head of the Portuguese Treasury and Debt Management Agency:
3 June 2021 Central Bank News
By David Barwick – Frankfurt (Econostream) – Negative interest rates should not become the norm and a return to positive rates can be seen as a good thing, according to Cristina Casalinho, head of the Portuguese Treasury and Debt Management Agency.
3 June 2021 Central Bank News
- ‘We Need to Be Careful About Bringing Long-Dated Bonds to the Market’
- Portugal Has a ‘Good Set of Arguments on Which Rating Agencies Can Base Their Decisions’
- ‘We Don’t Expect Major Negative Surprises’ in H2 Concerning Funding Needs