By David Barwick – FRANKFURT (Econostream) – As Econostream continues to speak to people close to European Central Bank monetary policymaking, the expectation expressed here 10 days ago of a relatively uneventful September 9 Governing Council meeting has only been reinforced, with even the October 28 meeting seen as potentially too soon for big decisions.
26 August 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 would only have an ‘indirect’ effect on French economic growth.
26 August 2021
By David Barwick – FRANKFURT (Econostream) – The German economy’s third quarter performance should exceed that of the second quarter, but lower-than-expected growth in the first half may lead to an undershooting of the June full-year 2021 forecast, the German Bundesbank said on Monday in its latest monthly report.
23 August 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank still sees a strong economic recovery, Executive Board member Isabel Schnabel said Saturday.
21 August 2021
By David Barwick – FRANKFURT (Econostream) – Although the European Central Bank’s strategy review may have led to an inflation target that is clearer than its predecessor, it appears to be relying on a lack of clarity about another concept, namely underlying inflation.
20 August 2021
By David Barwick – FRANKFURT (Econostream) – Last month’s revision by the European Central Bank of its forward guidance with respect to interest rates was only the opening act in the implementation of the ECB’s new strategy, Chief Economist Philip Lane said on Thursday.
19 August 2021
By David Barwick – FRANKFURT (Econostream) – Almost a month after the European Central Bank revised its forward guidance on interest rates to reflect its new strategy framework, the nature of the opposition of a small minority of monetary policymakers remains somewhat unclear, with the majority clearly united behind the idea that guidance must defer to reality over time.
19 August 2021
- ECB to set Q4 PEPP pace, but major announcements on future of QE less likely
16 August 2021
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on July 27 with Sir Robert Stheeman, Chief Executive Officer of the UK Debt Management Office:
9 August 2021
By David Barwick – Frankfurt (Econostream) – The UK Debt Management Office prefers a gradual approach to any potential extension of its issuance curve, according to Sir Robert Stheeman, Chief Executive Officer of the DMO.
9 August 2021
By David Barwick – FRANKFURT (Econostream) – Euro area inflation will recover durably in the next few years, leading the European Central Bank to hike interest rates, ECB Governing Council member and German Bundesbank President Jens Weidmann said Sunday.
8 August 2021
By David Barwick – FRANKFURT (Econostream) – Whether the European Central Bank’s pandemic emergency purchase programme (PEPP) ever really needs to end could theoretically be an open question, based on ECB Vice President Luis de Guindos’ latest comments on the subject.
30 July 2021
By David Barwick – FRANKFURT (Econostream) – The end of the European Central Bank’s pandemic emergency purchase programme (PEPP) could come down to the question above all of when the pandemic is resolved, Vice President Luis de Guindos said Thursday.
30 July 2021
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta may have crossed a line on Thursday by appearing to advocate wilful overshooting of the ECB’s inflation target.
29 July 2021
By David Barwick – FRANKFURT (Econostream) – A record of euro area inflation below the European Central Bank’s target implies a need to overshoot that target now, ECB Executive Board member Fabio Panetta said Thursday.
29 July 2021
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on July 28 with Mārtiņš Kazāks, Governor of Latvijas Banka and member of the Governing Council of the European Central Bank:
29 July 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is at no particular risk of falling behind the curve with its monetary policy and needs to avoid the mistake of premature tightening, but if economic developments surprised positively, then it would act faster than now expected, according to ECB Governing Council member Mārtiņš Kazāks.
29 July 2021
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on July 27 with Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and member of the Governing Council of the European Central Bank:
28 July 2021
By David Barwick – FRANKFURT (Econostream) – The importance of flexibility for the European Central Bank’s pandemic emergency purchase programme (PEPP) does not necessarily mean another asset purchase programme must be endowed with this feature when the PEPP ends, according to ECB Governing Council member Gediminas Šimkus.
28 July 2021