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
By David Barwick – FRANKFURT (Econostream) – The benefits of Europe’s macroprudential framework are already manifest and should motivate the application of such safeguards to market-based finance, European Central Bank Governing Council member Gabriel Makhlouf said on Monday.
1 March 2021
By David Barwick – FRANKFURT (Econostream) – Consumer prices in Germany accelerated for the second month in a row in February, growing at an annualized 1.3%, according to the flash estimate of the German Federal Statistical Office on Monday.
1 March 2021
By David Barwick – FRANKFURT (Econostream) – Taking official borrowing costs further into negative territory would require careful consideration, European Central Bank Executive Board member Isabel Schnabel said Friday.
26 February 2021
By David Barwick – FRANKFURT (Econostream) – The Bank of England's prevailing assessment of the risks to its medium-term inflation outlook as being balanced may not be correct, Chief Economist Andy Haldane said Wednesday.
26 February 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will exploit the flexibility of its policy tools if the increase in yields being observed necessitates action, Executive Board member Philip Lane said on Friday.
26 February 2021
By David Barwick – Frankfurt (Econostream) – European Central Bank Vice President Luis de Guindos warned Thursday of the possibility of a vicious circle emerging between banks, sovereigns and corporates.
25 February 2021
By David Barwick – FRANKFURT (Econostream) – In addition to the conditions applied by banks to firms and households wishing credit, risk-free overnight index swap rates and sovereign yields are a ‘particularly important’ indicator of financing conditions’ favourability that the European Central Bank is ‘closely monitoring’, ECB Executive Board member Philip Lane said on Thursday.
25 February 2021
By David Barwick – Frankfurt (Econostream) – German Finance Minister Olaf Scholz on Thursday suggested that Germany would reach a degree of normalcy by the summer that would allow social distancing to be significantly reduced.
25 February 2021
By David Barwick – FRANKFURT (Econostream) – Eurozone economic output should be back at pre-pandemic levels by the middle of next year, European Central Bank Executive Board member Isabel Schnabel said Wednesday.
25 February 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is watching longer-term nominal bond yields particularly closely in assessing the state of financing conditions, ECB President Christine Lagarde said Monday.
23 February 2021
By David Barwick – Frankfurt (Econostream) – The further evolution of the pandemic could lead to weaker economic developments than the MPC’s main scenario, an outcome under which additional accommodation in the form of a negative Bank Rate would be appropriate, Gertjan Vlieghe, external member of the BOE’s Monetary Policy Committee, said on Monday.
22 February 2021
By David Barwick – Frankfurt (Econostream) – German Finance Minister Olaf Scholz made clear over the weekend that he would be unwilling to reduce government spending on investment and social welfare.
20 February 2021
By David Barwick – FRANKFURT (Econostream) – It is quite premature to conclude from rising long-term interest rates in the U.S. that the American economy is close to overheating and that inflation has sustainably recovered, European Central Bank Governing Council member François Villeroy de Galhau said Friday.
19 February 2021