By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said Friday that the ECB’s revised forward guidance was a ‘strong answer’ to the question of how the ECB would achieve its new inflation objective.
23 July 2021
By David Barwick – FRANKFURT (Econostream) – Thursday’s meeting of the European Central Bank’s Governing Council will be a matter more than anything else of taking a first and important stab at the question of how the new strategy is to shape monetary policy. The answer is less likely to please the hawks, but the doves should take care not to overplay their hand.
20 July 2021
By David Barwick – FRANKFURT (Econostream) – The German economy could regain pre-pandemic output levels in the current quarter, the German Bundesbank said on Monday in its latest monthly report.
19 July 2021
By David Barwick – LJUBLJANA (Econostream) – If the going gets tough for the hawks at the European Central Bank Governing Council’s monetary policy meeting next week, their Slovakian and Slovenian colleagues seem unlikely to come to the rescue.
16 July 2021
By David Barwick – LJUBLJANA (Econostream) – The European Central Bank Governing Council is going to discuss the improvement in the economic situation while also recognising the persistent fragility of the public health situation, Council member Peter Kazimir said Friday.
16 July 2021
By David Barwick – LJUBLJANA (Econostream) – The current policy stance of the European Central Bank is still beneficial on balance even considering side effects, ECB Governing Council member Boštjan Vasle said Friday.
16 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Friday said that the ECB’s decisions would depend on the economy, the removal of pandemic containment measures and the withdrawal of fiscal support.
16 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member and Banca d’Italia Governor Ignazio Visco on Thursday shared his interpretation of the outcome of the ECB’s monetary policy strategy review, an interpretation naturally favouring monetary accommodation but otherwise thoroughly redolent of his traditional diagnoses and prescriptions.
15 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said Thursday that the delta variant of the coronavirus was not the main risk to the French economy, but rather that the insufficiency of labour was.
15 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel said on Wednesday that she was optimistic about prospects for a return to price stability sooner than some anticipate.
14 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Wednesday played down the meaning of the word ‘transitory’ in the ECB’s new monetary policy strategy.
14 July 2021
By David Barwick – FRANKFURT (Econostream) – The new monetary policy strategy of the European Central Bank will not instantly bring about a change in the policy stance, Governing Council member Mario Centeno said Wednesday.
14 July 2021
By David Barwick – FRANKFURT (Econostream) – Although both public comments by European Central Bank Governing Council members and the published accounts of their monetary policy meetings had pointed in the last months to a widening rift, ECB President Christine Lagarde has tended to gloss over any discord – until now.
13 July 2021
By David Barwick – FRANKFURT (Econostream) – The reference in the European Central Bank’s new strategy framework to the need for persistent measures to counter undershooting of the inflation target is meant to exclude premature monetary tightening, ECB President Christine Lagarde said Tuesday.
13 July 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank needs to bring its forward guidance into line with its new monetary policy strategy, ECB Governing Council member Mario Centeno said Tuesday.
13 July 2021
By David Barwick – FRANKFURT (Econostream) – That the outcome of the European Central Bank’s monetary policy strategy review was a boon to the doves on the Governing Council is clear; comments by ECB President Christine Lagarde over the weekend suggest that the doves could be keen to put their advantage to use at the next opportunity.
12 July 2021
By David Barwick – FRANKFURT (Econostream) – The new monetary policy strategy of the European Central Bank will better enable the institution to address future shocks, ECB Governing Council member Yannis Stournaras said Sunday.
12 July 2021
By David Barwick – FRANKFURT (Econostream) – The account released Friday of the June 9-10 monetary policy meeting of the European Central Bank’s Governing Council showcased opinions that differed more starkly than at any other recent such gathering, setting the stage for a potentially strident reunion at the next such occasion in ten days.
12 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s comments over the weekend lend credence to the expectation that the ECB will not step on the brakes too quickly even when inflation shows clear signs of revival.
12 July 2021