By David Barwick – FRANKFURT (Econostream) – The pandemic and in particular policy measures to mitigate its economic fallout may have led to an increase in the prevalence of so-called zombie firms in the euro area, according to an article from the ECB financial stability review published Tuesday.
18 May 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday categorically rejected the possibility of inflation returning to the Eurozone and predicted sustained accommodative monetary policy.
18 May 2021
By David Barwick – FRANKFURT (Econostream) – Asset purchases under the European Central Bank’s public sector purchase programme (PSPP) led to an average maturity increase of 13 months in the sovereign debt issued by the euro area’s largest economies, according to an ECB working paper published Monday.
17 May 2021
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 21-22 April, released by the ECB on Friday, indicated that despite President Christine Lagarde’s reluctance to mention upside risks at the subsequent press conference, some participants in the Governing Council meeting highlighted these.
14 May 2021
By David Barwick – FRANKFURT (Econostream) – The display of dovishness by European Central Bank President Christine Lagarde following the last Governing Council meeting may not have faithfully reflected the sentiment of the entire Council during the preceding monetary policy deliberations.
14 May 2021
By David Barwick – FRANKFURT (Econostream) – Weak price pressures and the fragile nature of the economic recovery in the euro area suggest that monetary policy needs to remain very accommodative for now, according to Banco de España.
13 May 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank should adjust pandemic emergency purchase programme (PEPP) buying whenever market interest rates increase without a corresponding move of the medium-term inflation outlook to its pre-pandemic path, ECB Governing Council member Pablo Hernández de Cos said Thursday.
13 May 2021
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 Thursday.
13 May 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Wednesday voiced opposition to a ‘generalised back-tracking’ of monetary policy.
12 May 2021
By David Barwick – FRANKFURT (Econostream) – Consumer prices in Germany were confirmed to have risen in April by 2.0% on the year, according to the German Federal Statistical Office on Wednesday.
12 May 2021
By David Barwick – Frankfurt (Econostream) – German Finance Minister Olaf Scholz on Wednesday said that Germany would grow its way out of the debt incurred to deal with the crisis, but would also tax those who earn very well.
12 May 2021
By David Barwick – FRANKFURT (Econostream) – Were the European Central Bank to decide that it was time to undo its expansionary policy measures, the process would have to be gradual enough for everyone to be able to adapt, Executive Board member Isabel Schnabel said on Tuesday.
11 May 2021
By David Barwick – FRANKFURT (Econostream) – The ZEW German economic sentiment indicator bounced back in May with an increase of 13.7 points to 84.4, the highest level in 20 years, economic research institute ZEW said on Tuesday.
11 May 2021
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on May 7 with Pablo de Ramón-Laca Clausen, General Director of the Tesoro and Financial Policy, Spain’s sovereign debt issuer:
11 May 2021
- Impact of ECB Tightening ‘Manageable as Long as Financing Conditions Remain Favourable’
11 May 2021
- ‘In Case of Emergency Cash Needs, There Are Always T-bills’
11 May 2021
By David Barwick – FRANKFURT (Econostream) – Despite the short-term volatility of inflation in the euro area, there is no inflationary pressure, European Central Bank Governing Council member Pablo Hernández de Cos said Tuesday.
11 May 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said Tuesday that the ECB’s asset purchases under the pandemic emergency purchase programme (PEPP) would continue until at least next March.
11 May 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank should be willing to allow inflation to overshoot its target for a certain period of time, Governing Council member Olli Rehn said on Sunday.
10 May 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Martins Kazaks said Friday that the ECB might decide in June to slow its asset purchase pace.
10 May 2021