By David Barwick – FRANKFURT (Econostream) – Although both public comments by European Central Bank Governing Council members and the published accounts of their monetary policy meetings had pointed in the last months to a widening rift, ECB President Christine Lagarde has tended to gloss over any discord – until now.
13 July 2021
By David Barwick – FRANKFURT (Econostream) – The reference in the European Central Bank’s new strategy framework to the need for persistent measures to counter undershooting of the inflation target is meant to exclude premature monetary tightening, ECB President Christine Lagarde said Tuesday.
13 July 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank needs to bring its forward guidance into line with its new monetary policy strategy, ECB Governing Council member Mario Centeno said Tuesday.
13 July 2021
By David Barwick – FRANKFURT (Econostream) – That the outcome of the European Central Bank’s monetary policy strategy review was a boon to the doves on the Governing Council is clear; comments by ECB President Christine Lagarde over the weekend suggest that the doves could be keen to put their advantage to use at the next opportunity.
12 July 2021
By David Barwick – FRANKFURT (Econostream) – The new monetary policy strategy of the European Central Bank will better enable the institution to address future shocks, ECB Governing Council member Yannis Stournaras said Sunday.
12 July 2021
By David Barwick – FRANKFURT (Econostream) – The account released Friday of the June 9-10 monetary policy meeting of the European Central Bank’s Governing Council showcased opinions that differed more starkly than at any other recent such gathering, setting the stage for a potentially strident reunion at the next such occasion in ten days.
12 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s comments over the weekend lend credence to the expectation that the ECB will not step on the brakes too quickly even when inflation shows clear signs of revival.
12 July 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s medium-term inflation projection is surrounded by uncertainty, Executive Board member Isabel Schnabel said on Saturday.
10 July 2021
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 9-10 June, released by the ECB on Friday, indicated a growing lack of confidence among Governing Council members that inflation would undershoot the price stability objective to the extent projected.
9 July 2021
By David Barwick – FRANKFURT (Econostream) – The explicit recognition of the possibility of temporarily overshooting the inflation objective is an important result of the European Central Bank’s strategy review, ECB Governing Council member Pablo Hernández de Cos said Friday.
9 July 2021
By David Barwick – FRANKFURT (Econostream) – The outcome of the European Central Bank’s strategy review establishes a clear target monetary policy will aim neither to overshoot nor undershoot, ECB Governing Council member and German Bundesbank President Jens Weidmann said Friday.
9 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller warned Friday that ECB policies had been beneficial, but also brought risks of asset overvaluation and dangerously high debt levels.
9 July 2021
By David Barwick – FRANKFURT (Econostream) – The delta variant of the coronavirus will probably delay the economic recovery without having a large effect on it, European Central Bank Governing Council member Gabriel Makhlouf said on Friday.
9 July 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank on Thursday reconfirmed its commitment to a medium-term price-stability objective but declared this to be a point target of 2% to be understood as a symmetric commitment and expressed a willingness to overshoot.
8 July 2021
By David Barwick – FRANKFURT (Econostream) – The uniformity with which the European Central Bank Executive Board leans dovish makes member Isabel Schnabel a solitary contrasting voice. Indeed, a closer look at her recent comments side-by-side with those of a dovish colleague reveals considerable differences not far beneath a common surface.
7 July 2021
By David Barwick – FRANKFURT (Econostream) – The forward-looking ZEW German economic sentiment indicator retreated in July for the second month in a row, declining 16.5 points to 63.3, economic research institute ZEW said on Tuesday.
6 July 2021
By David Barwick – FRANKFURT (Econostream) – Europe’s insurance companies are beset by low interest rates and various risks to the financial system, European Insurance and Occupational Pension Authority (EIOPA) said Tuesday.
6 July 2021
By David Barwick – FRANKFURT (Econostream) – Provided the monetary and financial environment remains positive, Italy’s economic expansion should persist over the medium term, European Central Bank Governing Council member Ignazio Visco said Tuesday.
6 July 2021
By David Barwick – FRANKFURT (Econostream) – Financing conditions should remain as favourable as they are now as long as the medium-term inflation outlook doesn’t improve, European Central Bank Governing Council member Pablo Hernández de Cos said Tuesday.
6 July 2021