By David Barwick – FRANKFURT (EconoStream) – The risks to medium-term financial stability have clearly grown and relate chiefly to bank profitability and public debt in the context of weak growth, European Central Bank Vice President Luis de Guindos said Wednesday.
10 June 2020
10th June 2020 By David Barwick – FRANKFURT (EconoStream) – The European Central Bank sees well over €1 trillion in demand for its targeted lending operations, ECB Executive Board member Isabel Schnabel said Wednesday. In remarks made at an online seminar...
10 June 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank considers a further cut in interest rates to be an option for the future, even if asset purchases are its tool of choice for now, ECB Executive Board member Isabel Schnabel said Tuesday.
9 June 2020
By David Barwick – FRANKFURT (EconoStream) – The risk of the pandemic’s economic fallout becoming a financial crisis has diminished substantially thanks to the policy decisions of the European Central Bank in March, ECB President Christine Lagarde said Monday.
8 June 2020
By David Barwick – FRANKFURT (EconoStream) – The suspension of economic activity in response to the pandemic has led to a resurfacing of deflationary pressures, according to European Central Bank Executive Board member Fabio Panetta.
6 June 2020
By David Barwick – FRANKFURT (EconoStream) – The economy is very likely by the end of 2022 to be back where it was before the pandemic, European Central Bank’s Governing Council President Christine Lagarde said Friday.
5 June 2020
By David Barwick – FRANKFURT (EconoStream) – The monetary policy decisions taken Thursday by the European Central Bank were motivated by risks to price stability and the fragility of financial markets, according to ECB Executive Board member Philip Lane on Friday.
5 June 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s Governing Council felt unanimously at its latest meeting that the situation called for renewed policy action, with the key outcome of its deliberations backed by broad consensus, ECB President Christine Lagarde said Thursday.
4 June 2020
By David Barwick – FRANKFURT (EconoStream) – The Bank of England would be well advised in the current environment to prefer the risk of too much easing over the risk of too little monetary accommodation, Michael Saunders, member of the BOE’s Monetary Policy Committee, said on Thursday.
28 May 2020
By David Barwick – FRANKFURT (EconoStream) – The consequences of shutting down the U.S. economy for too long would be worse outcomes not only in economic terms, but also with respect to public health, St. Louis Fed President James Bullard said Wednesday.
27 May 2020
By David Barwick – FRANKFURT (EconoStream) – The euro area remains in an unstable situation, implying that the European Central Bank must continue to act forcefully, ECB Executive Board member Isabel Schnabel said Wednesday.
27 May 2020
By David Barwick – PARIS (EconoStream) – The economic fallout from the pandemic could warrant an extension of the European Central Bank’s asset purchases, ECB Governing Council member François Villeroy de Galhau said Tuesday.
26 May 2020
By David Barwick – FRANKFURT (EconoStream) – While the European Central Bank’s measures to counter the economic fallout from the pandemic have worked well, one mustn’t lose sight of the fact that the crisis is ongoing and that it is thus not yet appropriate to relax, according to ECB Executive Board member Isabel Schnabel.
25 May 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s review of its monetary policy strategy, delayed by the pandemic, nonetheless continues to be of high priority for the bank, ECB Executive Board member Philip Lane said Friday.
22 May 2020
By David Barwick – FRANKFURT (EconoStream) – The account of the European Central Bank’s meeting of 29-30 April, released by the ECB on Friday, showed members of the Governing Council to be keen on preserving financial market confidence, potentially by pre-emptive policy action.
22 May 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank must ensure that its policy wards off the escalation of tail risks from pro-cyclical mechanisms, ECB Executive Board member Philip Lane said Tuesday.
19 May 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank faces “no psychological obstacle” to increasing the size of its €750-billion Pandemic Emergency Purchase Programme (PEPP), ECB President Christine Lagarde said on Monday.
18 May 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is in the process of evaluating the situation with respect to its policy stance and the potential need to do more at the meeting to take place in June, ECB Executive Board member Philip Lane on Monday.
18 May 2020
By David Barwick – PARIS (EconoStream) – The European Central Bank has acted and will act very strongly, but its policy needs to be reinforced by other policy areas, ECB Governing Council member François Villeroy de Galhau said Friday.
15 May 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank will do what it takes to avert the threat of disinflation or deflation, ECB Executive Board member Fabio Panetta said Thursday.
14 May 2020