By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday predicted continued rapid euro area economic growth while warning of risks.
11 October 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank remains profoundly unsure about where inflation in the euro area is headed, and while Executive Board member Isabel Schnabel’s speech on Thursday offered an interesting recital of many reasons why, it served to highlight that uncertainty more than to shed any new light.
7 October 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Thursday dismissed the idea that the ECB would start hiking interest rates around the middle of 2023.
7 October 2021
Following is the full transcript of the interview conducted by Econostream on October 1 with Edward Scicluna, Governor of the Central Bank of Malta and member of the Governing Council of the European Central Bank:
6 October 2021
- Avoided tapering because don’t want to commit yet to end PEPP; ‘we’ll do that in December’
- Would view desire to include Greek debt in APP with sympathy, but must examine implications
- ‘All ears and eyes to see whether economic actors are going to contribute to inflation or not’
- ‘Certain countries would mount legal opposition to a flexible APP’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday conceded the strength of the recovery in the euro area and in particular in his native Greece, all while vehemently urging monetary authorities to discount presently elevated inflation and maintain the current degree of accommodation.
4 October 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday played down currently high inflation as a ‘temporary jump’ to be disregarded by monetary authorities.
4 October 2021
By David Barwick – FRANKFURT (Econostream) – The policy support of the European Central Bank would continue as long as the economy continued to have a high degree of slack and in particular job markets were not strong, ECB Governing Council member Ignazio Visco said Saturday.
4 October 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Thursday gave a positive assessment of the European economic outlook while urging that monetary policy support be reduced only gradually and financing conditions kept favourable.
30 September 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde’s unremarkable contribution on Wednesday to the policy panel of the ECB Forum on Central Banking was probably reflective of the inescapable fact that there remain months to go until the ECB’s next date with destiny, so that for now it is simply waiting and hoping for a bit of clarity to emerge from the fog.
29 September 2021
- Formal commitment by ECB to respect capital key could make markets uneasy
- Possible compromise a declaration of ECB’s determination to ensure policy transmission
By David Barwick – FRANKFURT (Econostream) – German Bundesbank Vice President Claudia Buch warned on Tuesday of the build-up of risks in the German financial system that could materialise in the wake of a stalled recovery or surprisingly high inflation.
28 September 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday took a step back from her recently relatively hawkish language on inflation as she delivered a carefully scripted speech devoid of new policy conclusions to open the ECB Forum on Central Banking.
28 September 2021
By David Barwick – FRANKFURT (Econostream) – The desire to avoid cliff effects when the European Central Bank end emergency purchases of debt does not imply an increase in pre-existing bond purchase programmes, ECB Governing Council member Peter Kazimir said Tuesday.
28 September 2021
By David Barwick – FRANKFURT (Econostream) – Of the possible takeaways from European Central Bank President Christine Lagarde’s European Parliament Q&A on Monday, a prominent candidate might be that the Eurotower doesn’t put too much stock in its latest inflation projections.
27 September 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde, in her introductory statement at Monday’s hearing of the Committee on Economic and Monetary Affairs of the European Parliament, echoed much of the language she used at the press conference following September’s monetary policy meeting of the Governing Council.
27 September 2021
By David Barwick – FRANKFURT (Econostream) – Although third-quarter growth should top that of the second quarter, it would probably still not return the German economy as a whole to pre-pandemic levels, the German Bundesbank said on Monday in its latest monthly report.
27 September 2021
By David Barwick – FRANKFURT (Econostream) – Digitalisation and the shift to greener economies would strongly affect growth and inflation and are therefore of great interest to monetary policymakers, European Central Bank Chief Economist Philip Lane said on Friday.
24 September 2021
By David Barwick – FRANKFURT (Econostream) – Wide-ranging as it was, the interview by CNBC with European Central Bank President Christine Lagarde published Friday yielded less news than might be expected, not because Lagarde was not asked important questions, but rather because she appeared determined to stick to safe ground and avoid further fueling public debate.
24 September 2021
By David Barwick – FRANKFURT (Econostream) – Supply bottlenecks pose a threat to global economic growth in the short term, the European Central Bank said on Thursday.
23 September 2021