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
By David Barwick – FRANKFURT (Econostream) – Policy will return to normal along with the economy, European Central Bank Vice President Luis de Guindos said Monday.
5 July 2021
By David Barwick – FRANKFURT (Econostream) – Long-term inflation expectations appear to be headed in the direction of the ECB’s price stability objective, but a sustained realignment requires continued monetary accommodation and tolerance for temporary above-target outcomes, European Central Bank Executive Board member Isabel Schnabel said on Saturday.
5 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s speech over the weekend represents a tentative but important acknowledgment of the potential for euro area inflation to stage the kind of sustainable recovery monetary policymakers had until now seemed to discount.
5 July 2021
By David Barwick – FRANKFURT (Econostream) – Monetary policy will eventually normalise, a process that could lead to a rise in sovereign bond yields if public debt is elevated, Central Bank of Ireland Deputy Governor Sharon Donnery said Friday.
2 July 2021
By David Barwick – FRANKFURT (Econostream) – Perhaps the central message of the interview published Friday with European Central Bank President Christine Lagarde is that in fact there is no new message in need of conveying at the moment, at least not to financial markets, and thus no reason for the ECB to alter its ‘steady hand’ approach.
2 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that credit risk associated with the pandemic’s impact will be apparent only with time.
1 July 2021
By David Barwick – FRANKFURT (Econostream) – The probability that the liquidity created by the European Central Bank’s monetary policy leads to very high inflation is low, ECB Governing Council member Yannis Stournaras said Thursday.
1 July 2021
By David Barwick – FRANKFURT (Econostream) – Prospects for the Irish economy have improved and risks to growth are balanced, the Central Bank of Ireland said Thursday.
1 July 2021
By David Barwick – FRANKFURT (Econostream) – Euro area economic prospects are brightening but are still uncertain, European Central Bank Governing Council member Olli Rehn said on Thursday.
1 July 2021
By David Barwick – FRANKFURT (Econostream) – All discussions in Europe about pandemic-related government support concern the withdrawal of this support, reflecting the better-than-expected evolution of the economy, Bank of Portugal Luís Laginha de Sousa said Thursday.
1 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said Wednesday that he was optimistic about the outlook for French economic growth this year even in the event of another round of pandemic containment measures.
30 June 2021
By David Barwick – FRANKFURT (Econostream) – The strong performance of the euro area’s largest national labour market this month raises the stakes for the European Central Bank, suggesting as it does that the missing piece of the medium-term price stability puzzle could conceivably fall into place after all.
30 June 2021
By David Barwick – FRANKFURT (Econostream) – The French economy is at an inflection point from which its recovery should accelerate, Banque de France First Deputy Governor Denis Beau said Tuesday.
29 June 2021