In an interview with Greek newspaper Ta Nea, Scholz, according to a text made available by the Finance Ministry, said that Germany must now ‘closely observe how the infection incidence develops, especially with regard to the mutations.’
12 March 2021
In an op-ed piece in Estonian daily newspaper Postimees, Müller, who heads the Estonian central bank, called the rise in government bond yields ‘signficant’ from a central bank’s point of view, but pointed out that sovereigns were still able to benefit from very low interest rates.
12 March 2021
In an interview on the economic and political webcast Ecorama, Villeroy, who heads the Bank of France, said that the flexibility of the pandemic emergency purchase programme (PEPP) made unnecessary both greater specificity about the ECB’s more rapid purchase rate and an increase in the size of the PEPP envelope.
12 March 2021
By David Barwick – FRANKFURT (Econostream) – Consumer prices in Germany were confirmed to have risen in February by 1.3% on the year to almost the level of before the pandemic, according to the German Federal Statistical Office on Friday.
12 March 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s decision yesterday to accelerate the rate of asset purchases to counter risen yields was made with the envelope of the pandemic asset purchase programme (PEPP) unchanged, Governing Council member Boštjan Vasle said Friday.
12 March 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will disregard an increase in inflation this year that could potentially see HICP breach the ECB’s 2% price stability threshold, ECB President Christine Lagarde said Thursday.
11 March 2021
By David Barwick – FRANKFURT (Econostream) – A central bank must always be on guard against the ‘disease’ of inflation, European Central Bank Governing Council member François Villeroy de Galhau said Thursday.
11 March 2021
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