EXCLUSIVE: Finland Debt Issuance Head: 3rd Syndicated Benchmark Most Likely 5-Year Benchmark in Q3
- ‘We Were Right That We Decided to Revise the Guidance’ on Last Week’s 10-Year RFGB
28 May 2021
News
ECB’s Weidmann: Must Be Clear That Monetary Policy Not at the Service of Fiscal Policy
By David Barwick – FRANKFURT (Econostream) – It needs to be evident to everyone that the European Central Bank is not subordinating monetary policy to fiscal policy, ECB Governing Council member and German Bundesbank President Jens Weidmann said Thursday.
27 May 2021
TRANSCRIPT: Interview with Italian Treasury’s Davide Iacovoni on 19 May 2021
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on May 19 with Davide Iacovoni, director general of the directorate of the Italian Treasury that is responsible for Italy’s public debt management:
27 May 2021
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
EXCLUSIVE: Italian Debt Issuance Head: Not Worried Over Developments in Long-End Part of Curve
- ‘Would Definitely Say That There Is a Chance for Another BTP Futura Later in the Year’
27 May 2021
ECB’s Panetta: Yields Undesirably Risen, Financing Conditions Tightening, Euro Appreciating
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Wednesday said that yields had recently increased undesirably and that financing conditions were tightening.
26 May 2021
ECB’s Stournaras: No Reason to Make Any Change Now to Pace of PEPP Purchases
By David Barwick – FRANKFURT (Econostream) – There is no evidence calling for a change in the European Central Bank’s asset purchases under its pandemic emergency purchase programme (PEPP), ECB Governing Council member Yannis Stournaras said Tuesday.
25 May 2021
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
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
ECB’s Villeroy: Any Hypothesis of Slowing PEPP Purchases Is ‘Pure Speculation’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday rejected as ‘pure speculation’ any talk of slowing the pace of asset purchases under the ECB’s pandemic emergency purchase programme (PEPP).
25 May 2021
ECB’s Lagarde: Way Too Early and Unnecessary to Ask Ourselves About Tapering
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday called it still far too soon to discuss the possibility of tapering the ECB’s asset purchases.
21 May 2021
ECB Brief: Lagarde Suggests June Council Meeting May Be No Inflection Point
By David Barwick – FRANKFURT (Econostream) – The June policy meeting of the European Central Bank’s Governing Council appears somewhat less likely to become an inflection point with respect to the degree of monetary accommodation, based on comments Friday by ECB President Christine Lagarde.
21 May 2021
German Bundesbank: German Inflation Could Temporarily Hit 4% Towards End-2021
By David Barwick – FRANKFURT (Econostream) – Inflation in Germany could temporarily hit 4% toward the end of the year, the German Bundesbank said on Friday in its latest monthly bulletin, an increase from recent previous monthly bulletins in which it had only predicted German HICP rates ‘clearly’ above 3%.
21 May 2021
German Producer Prices +5.2% Y/Y in April, Fastest Increase Since August 2011
By David Barwick – FRANKFURT (Econostream) – Producer prices in Germany rose by 5.2% on the year in April, the highest annual rate of increase since the same rate in August 2011, the German Federal Statistical Office announced on Thursday.
20 May 2021
German Finance Minister: Can’t Let Individual Creditors Prevent Debt Burden Restructuring
By David Barwick – Frankfurt (Econostream) – German Finance Minister Olaf Scholz on Thursday said that individual creditor groups cannot be allowed to prevent necessary restructuring of sovereign debt burdens.
20 May 2021
ECB’s Schnabel: No Indication of Interest Rate Hikes
By David Barwick – FRANKFURT (Econostream) – The European Central Bank sees no reason at present for its interest rates to increase, Executive Board member Isabel Schnabel said on Wednesday.
20 May 2021
ECB: Financial Stability Risks Remain Elevated and Have Become More Uneven
By David Barwick – FRANKFURT (Econostream) – The uneven economic impact of the pandemic has exacerbated financial stability risks in the euro area, the European Central Bank said on Wednesday.
19 May 2021
ECB’s Herodotou: Economic Risks to the Downside, Mustn’t Withdraw Support Early
By David Barwick – FRANKFURT (Econostream) – The risks to the economic recovery are to the downside and a premature withdrawal of policy support measures should be avoided, European Central Bank Governing Council member Constantinos Herodotou said on Wednesday.
19 May 2021
ECB’s de Cos: Financing Conditions and Inflation Outlook Could Lead to PEPP Extension
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will continue to set the pace of asset purchases under the pandemic emergency purchase programme (PEPP) – potentially implying an extension of the programme - so as to keep financing conditions favourable, ECB Governing Council member Pablo Hernández de Cos said Wednesday.
19 May 2021
Eurozone 1Q GDP Declines by 0.6% Q/Q and 1.8% Y/Y
By David Barwick – FRANKFURT (Econostream) – Seasonally adjusted Eurozone GDP declined by 0.6% on the quarter and 1.8% on the year in 1Q of 2021, EU stats office Eurostat reported on Tuesday.
18 May 2021