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ECB Lagarde: Bigger Global Role for Euro May Take Policy Measures, Reform Efforts

ECB Lagarde: Bigger Global Role for Euro May Take Policy Measures, Reform Efforts

By David Barwick – FRANKFURT (Econostream) – The fact that the euro’s international importance, though not high, emerged unscathed from the turbulence of 2020 may indicate that a larger global role for the common currency could only be the result of additional policies and reforms, according to European Central Bank President Christine Lagarde on Wednesday.

2 June 2021 Central Bank News
German Unemployment Declines in May

German Unemployment Declines in May

By David Barwick – FRANKFURT (Econostream) – German unemployment last month registered a clear decline, according to seasonally adjusted data released on Tuesday by the German Federal Employment Agency.

1 June 2021 Central Bank News
German Inflation Picks up More Steam, Hitting 2.5% Y/Y in May

German Inflation Picks up More Steam, Hitting 2.5% Y/Y in May

By David Barwick – FRANKFURT (Econostream) – Consumer prices in Germany accelerated for the fifth month in a row in May, growing at an annualized 2.5%, according to the flash estimate of the German Federal Statistical Office on Monday.

31 May 2021 Central Bank News
ECB Working Paper: Targeting Inflation Range Not Less Effective Than a Point Target

ECB Working Paper: Targeting Inflation Range Not Less Effective Than a Point Target

By David Barwick – FRANKFURT (Econostream) – Central banks that target an inflation range are not necessarily likelier to find it harder to anchor expectations than their peers whose inflation targeting relies on another formulation of the inflation objective, according to a European Central Bank working paper published Monday.

31 May 2021 Central Bank News
EXCLUSIVE: Italian Debt Issuance Head: If Growth Returns, ECB Support Withdrawal Not a Problem

EXCLUSIVE: Italian Debt Issuance Head: If Growth Returns, ECB Support Withdrawal Not a Problem

By David Barwick – Frankfurt (Econostream) – A withdrawal of the European Central Bank’s monetary policy support would not be a problem for Italy’s sovereign borrowing once economic growth returns and potential growth is boosted, according to Davide Iacovoni, director general of the directorate of the Italian Treasury responsible for public debt.

27 May 2021 Central Bank News
Germany Ifo Index Rises Clearly in May to Two-Year High

Germany Ifo Index Rises Clearly in May to Two-Year High

By David Barwick – FRANKFURT (Econostream) – German business confidence rose clearly in May as both expectations and assessments of the current situation improved, economic research institute Ifo said on Tuesday.

25 May 2021 Central Bank News
German 1Q 2021 GDP Down 1.8% Q/Q, -3.1% Y/Y

German 1Q 2021 GDP Down 1.8% Q/Q, -3.1% Y/Y

By David Barwick – FRANKFURT (Econostream) – German economic output fell a real, seasonally and calendar-adjusted 1.8% on the quarter in the first quarter of 2021, the German Federal Statistical Office announced on Tuesday.

25 May 2021 Central Bank News