Central Bank News


ECB’s Schnabel:  Spreads Can Signal Fragmentation; ECB to Counter

ECB’s Schnabel: Spreads Can Signal Fragmentation; ECB to Counter

By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is determined to counter fragmentation in the Eurozone and considers its Pandemic Emergency Purchase Programme (PEPP) ideally suited to the task, ECB Executive Board member Isabel Schnabel said Monday.

11 May 2020
ECB’s Lagarde: Costs of Crisis Continuing to Rise

ECB’s Lagarde: Costs of Crisis Continuing to Rise

By David Barwick – FRANKFURT (EconoStream) – The economic fallout from the coronavirus pandemic is becoming more and more severe, European Central Bank President Christine Lagarde said Friday.

8 May 2020
ECB’s de Guindos, Schnabel:  Can Extend or Modify Collateral Steps

ECB’s de Guindos, Schnabel: Can Extend or Modify Collateral Steps

By David Barwick – FRANKFURT (EconoStream) – The European Central Bank could keep its relaxed collateral rules in place longer than currently planned or modify these, according to the situation, ECB Vice President Luis de Guindos and Executive Board member Isabel Schnabel said Wednesday.

23 April 2020
ECB Temporarily Eases Collateral Rules to Cushion Rating Downgrades

ECB Temporarily Eases Collateral Rules to Cushion Rating Downgrades

By David Barwick – FRANKFURT (EconoStream) – The European Central Bank on Wednesday decided on a series of temporary measures to cushion the impact on collateral eligibility of possible rating downgrades in the aftermath of the pandemic, according to a statement published on the ECB’s website.

22 April 2020
ECB’s Panetta:  Need Strong, Symmetric Euro Area Fiscal Response

ECB’s Panetta: Need Strong, Symmetric Euro Area Fiscal Response

By David Barwick – FRANKFURT (EconoStream) – Euro area countries must counter the economic fallout from the pandemic with a “strong, symmetric fiscal response,” the only option in the interest of all of them, European Central Bank Executive Board member Fabio Panetta said Tuesday.

21 April 2020
ECB’s Schnabel: ECB To Do Everything Needed To Support Euro Area

ECB’s Schnabel: ECB To Do Everything Needed To Support Euro Area

By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is prepared to modify its stance as warranted to support a return to price stability and to ensure the smooth transmission of its monetary policy, ECB Executive Board member Isabel Schnabel said on Thursday.

16 April 2020
BoE’s Tenreyro: Prepared to Take Further Measures Vs Coronavirus

BoE’s Tenreyro: Prepared to Take Further Measures Vs Coronavirus

16th April 2020 By David Barwick – LONDON (EconoStream) – The Bank of England is prepared to take additional measures to counter the fallout from the pandemic, Silvana Tenreyro, External Member of the BOE’s Monetary Policy Committee, said on Thursday...

16 April 2020
ECB’s Villeroy: Weak HICP Implies Very Low Rates for a Long Time

ECB’s Villeroy: Weak HICP Implies Very Low Rates for a Long Time

15th April 2020 By David Barwick - PARIS (EconoStream) – Weak euro area inflation in the wake of the pandemic will oblige the European Central Bank to keep official interest rates low and liquidity ample for a long time, Governing Council member François...

15 April 2020