By David Barwick – FRANKFURT (EconoStream) – The decline in the real equilibrium interest rate has not rendered monetary policy ineffective and the European Central Bank’s unconventional policy tools have not had as harmful side effects as some suggest, ECB Executive Board member Isabel Schnabel said Monday.
12 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Philip Lane on Sunday strongly downplayed the importance of the euro’s appreciation and said the exchange rate should not be at the centre of policymaking.
12 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The interview of European Central Bank Governing Council member Jens Weidmann published Thursday in a German newspaper highlights the divergence of monetary policy perspectives in the Eurotower. The comparison with the account of the Council’s last policy meeting suggests differences that run deep.
11 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – There is a ‘broad consensus’ on the need for monetary policy to remain accommodative for a long time to avoid the potentially dangerous consequences of persistently undershooting price stability, European Central Bank Governing Council member Ignazio Visco said on Sunday.
11 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The government debt increases due to the pandemic across the euro area won’t lead to fiscal dominance over monetary policy and represent no threat to the European Central Bank’s independence, ECB Executive Board member Isabel Schnabel said Saturday.
10 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The account of the European Central Bank’s policy meeting of 9-10 September, released by the ECB on Thursday, showed the Governing Council to consider the risk of a yet stronger euro to be a reason to avoid complacency and to convey to markets the possibility that further strengthening was not automatic.
9 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The strengthening of the euro shouldn’t be made too much of, European Central Bank Governing Council member Jens Weidmann said on Thursday.
9 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos on Thursday said that the ECB still had ammunition.
8 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Yves Mersch on Thursday argued against joint EU debt issuance becoming the norm.
8 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – It is important that the support measures of the European Central Bank not be removed too soon, ECB President Christine Lagarde said Wednesday.
7 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Philip Lane on Tuesday reiterated his opposition to allowing the pandemic to result in a lengthy period of lower-than-previously-expected inflation.
6 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Tuesday reiterated his assertion that the strength of the euro had undone much of the monetary accommodation provided by the ECB.
6 October 2020 Central Bank News
5th October 2020 By David Barwick – FRANKFURT (EconoStream) – Monetary policy is making a crucial contribution by ensuring that the economic fallout from the pandemic does not trigger second-round effects, European Central Bank Governing Council member...
5 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member François Villeroy de Galhau on Saturday insisted on the necessity of repaying the public debt incurred as a consequence of the crisis.
3 October 2020 Central Bank News
2nd October 2020 By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s monetary policy strategy review may turn contentious at times, given the range of Governing Council members’ perspectives, the review’s broad scope and the possibility...
2 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s monetary policy strategy review may turn contentious at times, given the range of Governing Council members’ perspectives, the review’s broad scope and the possibility its outcome...
2 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Thursday warned of the danger of persistently low inflation and added his voice to the chorus of those favouring a change in the ECB’s inflation objective.
1 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Thursday emphasised the willingness of the ECB to defend the stability of prices against the backdrop of a strengthening euro.
1 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos on Thursday hinted that the ECB might have to provide additional monetary accommodation this year in the absence of adequate support from fiscal policies.
1 October 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – None of the conditions necessary for implementing negative interest rates is currently satisfied, Bank of England Chief Economist Andy Haldane said Wednesday.
30 September 2020 Central Bank News