By David Barwick – FRANKFURT (EconoStream) – The resurgence of the pandemic will probably leave ‘significant’ scarring effects on the economy, European Central Bank Governing Council member Olli Rehn said on Tuesday.
24 November 2020
By David Barwick – FRANKFURT (EconoStream) – Recent progress towards a medical resolution of the pandemic is grounds for hope, European Central Bank Governing Council member Ignazio Visco said on Monday.
23 November 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank would not terminate its pandemic emergency purchase programme (PEPP) while the pandemic continues to disrupt normal economic activity, Executive Board member Philip Lane said on Sunday.
23 November 2020
By David Barwick – FRANKFURT (EconoStream) – The financial sector is in need of regulation that would make it stronger and lessen the risk of financial stability concerns dominating monetary policy, European Central Bank Executive Board member Isabel Schnabel said Thursday.
19 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank President Christine Lagarde said Thursday that policymakers’ main challenge is to buy time until the pandemic can be medically resolved.
19 November 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is still thinking about how to deliver in December what the euro area needs and support favourable financing conditions, Executive Board member Philip Lane said on Tuesday.
17 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos on Monday said that although the economic repercussions for the Eurozone of a no-deal Brexit should be limited, financial risks could augment as a result.
16 November 2020
By David Barwick – FRANKFURT (EconoStream) – The news regarding a medical solution to the pandemic does not fundamentally change the outlook but does represent a return to the European Central Bank’s baseline scenario, Executive Board member Isabel Schnabel said Friday.
13 November 2020
By David Barwick – FRANKFURT (EconoStream) – Bundesbank board member Sabine Mauderer said Thursday that an accommodative monetary policy stance remains necessary in the current environment.
13 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank President Christine Lagarde said Thursday that the high degree of uncertainty facing policymakers has diminished somewhat recently, but at the same time dampened expectations of a quick medical solution to the pandemic.
12 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos on Thursday warned that a premature or abrupt withdrawal of fiscal support would cause a ‘severe’ shock to companies.
12 November 2020
By David Barwick – FRANKFURT (EconoStream) – When the European Central Bank recalibrates its policy stance next month, it will probably rely chiefly on its pandemic emergency purchase programme (PEPP) and targeted longer-term refinancing operations (TLTROs) in doing so, ECB President Christine Lagarde said Wednesday.
11 November 2020
By Sophia Rodrigues – SYDNEY (EconoStream) – The Reserve Bank of New Zealand is likely to keep the official cash rate unchanged at 0.25% and launch funding program for banks to provide stimulus to the economy ahead of rate cut next year.
10 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday welcomed the victory of Joseph Biden in the U.S. presidential election as ‘good news’.
9 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Jens Weidmann said Thursday that sovereign bond purchases are a valid monetary policy instrument, while cautioning about the risk of fiscal dominance.
9 November 2020
By David Barwick – FRANKFURT (EconoStream) – With the December monetary policy meeting of the European Central Bank still more than a month off, the ECB has plenty of time yet to prepare itself - and financial markets - to make good on President Christine Lagarde’s promise to ‘recalibrate’ the policy stance. So far, there is little indication that the Governing Council is planning to over-deliver.
6 November 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s actions in December will benefit from updated staff forecasts that let the Governing Council assess the possible duration of the latest containment measures’ economic impact, Executive Board member Isabel Schnabel said Wednesday.
4 November 2020
4th November 2020 By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Yves Mersch said last Friday that the unanimity at the previous day’s Governing Council meeting concerned the high degree of uncertainty prevailing...
4 November 2020
By David Barwick – FRANKFURT (EconoStream) – The economic fallout from the second wave of the pandemic shouldn’t be as severe as the first time around, European Central Bank Executive Board member Isabel Schnabel said Tuesday.
3 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Jens Weidmann said Friday that he would not exclude modification of the threshold relevant for banks’ reserve holdings under the ECB’s tiering system.
30 October 2020