By David Barwick – FRANKFURT (Econostream) – Whether the European Central Bank’s pandemic emergency purchase programme (PEPP) ever really needs to end could theoretically be an open question, based on ECB Vice President Luis de Guindos’ latest comments on the subject.
30 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The end of the European Central Bank’s pandemic emergency purchase programme (PEPP) could come down to the question above all of when the pandemic is resolved, Vice President Luis de Guindos said Thursday.
30 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta may have crossed a line on Thursday by appearing to advocate wilful overshooting of the ECB’s inflation target.
29 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – A record of euro area inflation below the European Central Bank’s target implies a need to overshoot that target now, ECB Executive Board member Fabio Panetta said Thursday.
29 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on July 28 with Mārtiņš Kazāks, Governor of Latvijas Banka and member of the Governing Council of the European Central Bank:
29 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is at no particular risk of falling behind the curve with its monetary policy and needs to avoid the mistake of premature tightening, but if economic developments surprised positively, then it would act faster than now expected, according to ECB Governing Council member Mārtiņš Kazāks.
29 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on July 27 with Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and member of the Governing Council of the European Central Bank:
28 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The importance of flexibility for the European Central Bank’s pandemic emergency purchase programme (PEPP) does not necessarily mean another asset purchase programme must be endowed with this feature when the PEPP ends, according to ECB Governing Council member Gediminas Šimkus.
28 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Robert Holzmann on Tuesday said that the ECB’s new forward guidance would be better if it did not tie monetary policymakers’ hands so far into the future.
27 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Tuesday implicitly acknowledged that the pandemic crisis phase is coming to an end.
27 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The value of being able to conduct asset purchases with the flexibility of the European Central Bank’s pandemic emergency purchase programme (PEPP) suggests giving consideration to equipping future purchase programmes with a degree of flexibility as well, ECB Governing Council member Pablo Hernández de Cos said Tuesday.
27 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The economy of the euro area is improving on a broad basis, European Central Bank Governing Council member Boštjan Vasle said Friday.
23 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch said Friday that his opposition to the ECB’s new forward guidance reflected his uneasiness about a commitment of the duration the guidance could imply.
23 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s revision of its forward guidance based on the new strategy framework went too far, ECB Governing Council member and German Bundesbank President Jens Weidmann said Friday.
23 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said Friday that the ECB’s revised forward guidance was a ‘strong answer’ to the question of how the ECB would achieve its new inflation objective.
23 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – Thursday’s meeting of the European Central Bank’s Governing Council will be a matter more than anything else of taking a first and important stab at the question of how the new strategy is to shape monetary policy. The answer is less likely to please the hawks, but the doves should take care not to overplay their hand.
20 July 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The German economy could regain pre-pandemic output levels in the current quarter, the German Bundesbank said on Monday in its latest monthly report.
19 July 2021 | Central Bank News
By David Barwick – LJUBLJANA (Econostream) – If the going gets tough for the hawks at the European Central Bank Governing Council’s monetary policy meeting next week, their Slovakian and Slovenian colleagues seem unlikely to come to the rescue.
16 July 2021 | Central Bank News
By David Barwick – LJUBLJANA (Econostream) – The European Central Bank Governing Council is going to discuss the improvement in the economic situation while also recognising the persistent fragility of the public health situation, Council member Peter Kazimir said Friday.
16 July 2021 | Central Bank News
By David Barwick – LJUBLJANA (Econostream) – The current policy stance of the European Central Bank is still beneficial on balance even considering side effects, ECB Governing Council member Boštjan Vasle said Friday.
16 July 2021 | Central Bank News