By David Barwick – FRANKFURT (EconoStream) – European Central Bank President Christine Lagarde on Monday assigned some of the blame for a negative near-term inflation outlook to the appreciation of the euro.
28 September 2020
By David Barwick – FRANKFURT (EconoStream) – The appreciation of the euro has undone much of the accommodation of European Central Bank monetary policy, ECB Governing Council member Pablo Hernandez de Cos said on Sunday.
27 September 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday suggested that the ECB might tolerate above-2% inflation without an automatic monetary policy reaction when this would be consistent with pursuing price stability symmetrically.
25 September 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s primary concern is not deflation but rather the possibility of below-target inflation for too long, making a high degree of monetary accommodation necessary, ECB Executive Board member Philip Lane said Thursday.
24 September 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Yves Mersch on Wednesday highlighted the virtues of restraint when speaking of the exchange rate and said that while the ‘statistical’ impact of euro appreciation made close monitoring necessary, this did not represent a strategy change.
23 September 2020
By David Barwick – FRANKFURT (EconoStream) – The cliff effect that would result from removing economic policy support too soon in the current situation could lead to deflation, European Central Bank Governing Council member Yannis Stournaras said Wednesday.
23 September 2020
By David Barwick – FRANKFURT (EconoStream) – The strength of the euro has led to tighter financial conditions and effectively attenuated the measures taken by the European Central Bank during the crisis, ECB Executive Board member Fabio Panetta said Tuesday.
22 September 2020
By David Barwick – FRANKFURT (EconoStream) – Although the third quarter should bring significant economic improvement, the recovery remains very much shrouded in uncertainty, European Central Bank President Christine Lagarde said Monday.
21 September 2020
By David Barwick – FRANKFURT (EconoStream) – It would be ‘suicidal’ for global monetary authorities to engage in a currency war, European Central Bank Vice President Luis de Guindos said Sunday.
20 September 2020
By David Barwick – FRANKFURT (EconoStream) – It could be years before economies fully get over the fallout from the pandemic, European Central Bank Executive Board member Isabel Schnabel said Friday.
18 September 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is basing its policy stance on medium-term inflation prospects rather than the exchange rate, Executive Board member Isabel Schnabel said Wednesday.
16 September 2020
By David Barwick – FRANKFURT (EconoStream) – Inflation in the euro area will remain ‘uncomfortably’ beneath the European Central Bank’s price stability objective over the medium term, ECB Executive Board member Fabio Panetta said Tuesday.
15 September 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank monetary policy is entering the phase in which its chief aim is getting inflation back to the path followed prior to the pandemic, an objective asset purchases will be key to achieving, ECB President Christine Lagarde said Sunday.
13 September 2020
By David Barwick – FRANKFURT (EconoStream) – It should be quite clear that the European Central Bank cannot afford to be complacent in its efforts to restore inflation consistent with its objective, ECB Executive Board member Philip Lane said Thursday.
12 September 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank should not defer deliberations about how and when to unwind the measures taken to mitigate the economic fallout from the pandemic, Governing Council member Robert Holzmann said on Friday.
11 September 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Mario Centeno on Friday stressed that measures taken to respond to the crisis must be temporary, but cautioned against removing them too soon.
11 September 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank will take care not to withdraw monetary accommodation too soon and throttle the process of recovering from the pandemic’s economic fallout, Executive Board member Isabel Schnabel said Friday.
11 September 2020
By David Barwick – FRANKFURT (EconoStream) – The Governing Council of the European Central Bank took particularly careful note of exchange rate developments at its latest monetary policy meeting, ECB President Christine Lagarde said Thursday.
10 September 2020
By David Barwick – FRANKFURT (EconoStream) – The Bank of England will probably need to ease its policy stance yet further to mitigate the economic fallout from the pandemic, Michael Saunders, member of the BOE’s Monetary Policy Committee (MPC), said on Friday.
4 September 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Jens Weidmann said on Wednesday that the risks of sovereign debt purchases for monetary policy purposes are high and that measures taken by the ECB to mitigate the crisis must be removed once the crisis is over.
2 September 2020