By David Barwick – FRANKFURT (Econostream) – European Central Bank policymakers are less sure than ever about the speed with which inflation will recede and are thus reconsidering their willingness to continue providing monetary accommodation, the Financial Times reported on Tuesday.
7 December 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Robert Holzmann on Tuesday said the growth outlook was largely intact, but he warned anew of inflation and suggested that he would support inverting the standard sequence of policy withdrawal.
7 December 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Tuesday said that euro area inflation risks were on the upside and that under current uncertainty monetary authorities should not make commitments that go too far.
7 December 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday indicated that the Omicron variant of the coronavirus constituted a risk but suggested that it was manageable.
7 December 2021
By David Barwick – FRANKFURT (Econostream) – A European Central Bank working paper published Monday said that simultaneously applying expansive monetary and fiscal policies could substantially improve growth and boost inflation without necessarily leading to unsustainable debt.
6 December 2021
By David Barwick – FRANKFURT (Econostream) – The imminent departure of European Central Bank Governing Council member and arch-hawk Jens Weidmann represents a loss in terms of the quality of Council discussions, some ECB insiders fear, but does not imply a change in outcomes.
6 December 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank remains undecided as to whether currently high inflation is indeed temporary, ECB Governing Council member Edward Scicluna said Friday.
6 December 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday indicated that the Governing Council could play it safe at its upcoming policy meeting by avoiding unnecessarily bold decisions, while pressing it to avoid playing it too safe.
3 December 2021
By David Barwick – FRANKFURT (Econostream) – The German government has decided on its preferred candidate to replace outgoing Bundesbank President and European Central Bank Governing Council member Jens Weidmann, according to the Financial Times on Thursday.
3 December 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday confirmed that net assets under the ECB’s pandemic emergency purchase programme (PEPP) would probably end in March, but suggested that the upcoming Governing Council meeting would provide clarity without making long-term commitments, given high uncertainty.
3 December 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank on Thursday invoked the limited room to manoeuvre of monetary policy as an argument for sustainable fiscal policies, and in this context expressed support for a more straightforward Stability and Growth Pact (SGP).
2 December 2021
By David Barwick – FRANKFURT (Econostream) – A European Central Bank working paper published Thursday said its findings confirmed the validity for the euro area of the Phillips curve.
2 December 2021
By David Barwick – FRANKFURT (Econostream) – The monetary policy meeting of the European Central Bank Governing Council to take place starting two weeks from today may have become more interesting yet in light of increasing speculation that a number of its members would prefer to postpone some of the major decisions previously envisioned emerging from the occasion.
1 December 2021
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy:
1 December 2021
By David Barwick – FRANKFURT (Econostream) – Monetary policy in the euro area should be patient about withdrawing accommodation, but remain alert to the potential for expectations to disanchor, European Central Bank Governing Council member Pablo Hernández de Cos said Tuesday.
30 November 2021
ECB’s Vasle: Increasing Likelihood that Inflation Will Stay Above 2%
30 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Jens Weidmann on Tuesday urged once again that monetary authorities be wary of fiscal dominance.
30 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos’ interview today with French daily Les Echos seems to indicate that the latest coronavirus variant does not fundamentally change anything as the Governing Council prepares to set the course of monetary policy.
30 November 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that euro area inflation would definitely ease starting next year.
30 November 2021
By David Barwick – FRANKFURT (Econostream) – The transitory nature of inflation is reason to take care not to prematurely remove monetary accommodation in the euro area, and flexibility in conducting asset purchases should be retained, European Central Bank Governing Council member Pablo Hernández de Cos said Monday.
29 November 2021