By David Barwick – FRANKFURT (Econostream) – German hourly labour costs climbed a seasonally and calendar-adjusted 2.1% on the quarter in the last quarter of 2020, the German Federal Statistical Office said Thursday.
11 March 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member and German Bundesbank President Jens Weidmann was re-elected chair of the Board of Directors of the Bank for International Settlements, the BIS said on Wednesday.
10 March 2021
By David Barwick – FRANKFURT (Econostream) – The French economy has left recession and will expand by at least 5% this year, European Central Bank Governing Council member François Villeroy de Galhau said Tuesday.
9 March 2021
By David Barwick – FRANKFURT (Econostream) – German Bundesbank Board member Burkhard Balz on Tuesday said that if the Eurosystem introduced a digital euro, it would do so in such a way that risks to financial stability did not result.
9 March 2021
By David Barwick – FRANKFURT (Econostream) – German exports climbed a seasonally and calendar-adjusted 1.4% on the month in January, the German Federal Statistical Office said Tuesday.
9 March 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank faces a monetary policy meeting of the Governing Council on Thursday that may bring the differing views among its members into starker relief than any other such gathering recently.
9 March 2021
By David Barwick – FRANKFURT (Econostream) – Seasonally adjusted Eurozone GDP declined by 0.7% on the quarter and 4.9% on the year in 4Q of 2020, leading to a 6.6% drop for the year as a whole, EU stats office Eurostat reported on Tuesday.
9 March 2021
By David Barwick – FRANKFURT (Econostream) – The fact that the UK’s banks have been asked to prepare for the possibility of negative interest rates does not imply anything about what course the Bank of England’s monetary policy will take, BOE Governor Andrew Bailey said Monday.
8 March 2021
By David Barwick – FRANKFURT (Econostream) – The situation of the UK suggests that monetary policy needs to head off risks to the economy that are largely on the downside, Bank of England MPC member Jonathan Haskel said Friday.
5 March 2021
By David Barwick – FRANKFURT (Econostream) – The starting point of the discussion about rising yields should be a positive interpretation of this development, European Central Bank Governing Council member Klaas Knot said Thursday.
4 March 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s stated intention of safeguarding favourable financing conditions in all economic sectors is an important aspect of its current policy stance, ECB Governing Council member Mario Centeno said Thursday .
4 March 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel made clear on Wednesday that climate change would in no way supplant price stability as sole primary objective of the ECB.
4 March 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Wednesday expressed doubts about the value of a policy of yield curve control for the ECB.
3 March 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank must keep a close eye on nominal long-term interest rates and act as warranted to ensure that financing conditions remain favourable, ECB Governing Council member Pablo Hernandez de Cos said Wednesday.
3 March 2021
By David Barwick – FRANKFURT (Econostream) – The increase in nominal yields does not at this point require new policy action from the European Central Bank or anything more than monitoring and anaysis, ECB Governing Council member Jens Weidmann said Wednesday.
3 March 2021
By David Barwick – FRANKFURT (EconoStream) –European Central Bank Executive Board member Fabio Panetta on Tuesday issued a ringing call for the ECB to ensure that nominal yields remain low, warning that financing conditions could otherwise tighten and push yet further into the future the return to price stability.
2 March 2021
By David Barwick – Frankfurt (Econostream) – An interview with European Central Bank Vice President Luis de Guindos published Tuesday by Portuguese daily Público offered a subtle but telling glimpse into the evolving thinking of Europe’s monetary policymakers.
2 March 2021
By David Barwick – Frankfurt (Econostream) – European Central Bank Vice President Luis de Guindos indicated Tuesday that the ECB’s inflation forecasts to be updated next week would reflect expectations of higher inflation this year than projected in December.
2 March 2021
By David Barwick – FRANKFURT (Econostream) – Citizens and companies in the euro area can rest assured that there will be no premature tightening of financing conditions, European Central Bank President Christine Lagarde said Monday.
1 March 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank must act to counter the unwarranted tightening of financing conditions associated with the increase in long-term nominal yields, Governing Council member François Villeroy de Galhau said Monday.
1 March 2021