By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Thursday warned that the rate of non-performing loans would rise considerably in the next quarters even in a best-case scenario.
14 January 2021
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 9-10 December, released by the ECB on Thursday, indicated that the centrepiece of the Governing Council’s array of measures at the time was a compromise between those who wanted to do more and those who argued for less.
14 January 2021
By David Barwick – FRANKFURT (Econostream) – The German government has the financial wherewithal to continue mitigating the impact of the pandemic for a long time, Finance Minister Olaf Scholz said on Wednesday.
13 January 2021
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is watching especially closely how the euro’s strength affects inflation, Governing Council member François Villeroy de Galhau said Wednesday.
13 January 2021
By David Barwick – FRANKFURT (Econostream) – The lag between the vaccination of the public against Covid-19 and the positive economic impact of increasingly widespread immunity implies leaving policy support in place, European Central Bank Governing Council member Pablo Hernandez de Cos said Tuesday.
12 January 2021
By David Barwick – FRANKFURT (Econostream) – A premature withdrawal of economic policy support would be a grave error, European Central Bank Executive Board member Isabel Schnabel said Tuesday.
12 January 2021
By David Barwick – FRANKFURT (Econostream) – The Bank of England’s monetary policy will in any event continue to be set with an eye towards restoring medium-term inflation to 2%, Ben Broadbent, Deputy Governor for Monetary Policy of the BOE, said on Tuesday.
12 January 2021
11th January 2020 By David Barwick – FRANKFURT (Econostream) – A negative interest rate policy (NIRP) should be beneficial overall for UK economic growth and inflation and should be part of the Bank of England’s policy toolkit, Silvana Tenreyro, External...
11 January 2021
By David Barwick – FRANKFURT (Econostream) – The inflation outlook demanded monetary policy action on December 10, but central bankers should take care not to wind up holding too much government debt, European Central Bank Governing Council member Jens Weidmann said Thursday.
7 January 2021
By David Barwick – FRANKFURT (Econostream) – The susceptibility of market-based finance to liquidity shocks requires more appropriate tools to handle the consequent market dysfunction, Andrew Hauser, Executive Director for Markets at the Bank of England, said Thursday.
7 January 2021
By David Barwick – FRANKFURT (Econostream) – Monetary policy has limited possibilities in the current situation and the decisions taken by the European Central Bank Governing Council on December 10 are questionable, Council member Jens Weidmann said Thursday.
31 December 2020
By David Barwick – FRANKFURT (Econostream) – The way out of the pandemic now appears clear, but it will still take time, European Central Bank Executive Board member Philip Lane said on Friday.
18 December 2020
By David Barwick – FRANKFURT (Econostream) – An improved global economic outlook is contributing to the strength of the euro, European Central Bank Executive Board member Isabel Schnabel said Thursday.
17 December 2020
By David Barwick – FRANKFURT (Econostream) – Monetary policy in Europe needed to take action against the recent pandemic-related worsening of inflation prospects, European Central Bank Governing Council member Jens Weidmann said Wednesday.
16 December 2020
By David Barwick – FRANKFURT (Econostream) – The pandemic will accelerate the introduction of digital currency, and developments in this regard elsewhere in the world make it imperative that Europe not lag behind, former Eurosystem official John Mourmouras told Econostream on Friday.
16 December 2020
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s strategy review is likely to yield a dovish outcome but without duplicating the example of the U.S. Federal Reserve, former Eurosystem official John Mourmouras told Econostream on Friday.
16 December 2020
By David Barwick – FRANKFURT (Econostream) – The appreciation of the euro may compel the European Central Bank to make a standard monetary policy move by cutting the deposit facility rate in as little as three months, former Eurosystem official John Mourmouras told Econostream on Friday.
15 December 2020
By David Barwick – FRANKFURT (Econostream) – The European Central Bank can further increase the amount of money devoted to asset purchases and conduct these for longer than already foreseen, if inflation prospects justify doing so, ECB Executive Board member Fabio Panetta said Monday.
14 December 2020
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is willing to use any of its monetary policy tools to counter the strength of the euro if the effect on inflation warrants it, Governing Council member François Villeroy de Galhau said Friday.
11 December 2020
By David Barwick – FRANKFURT (Econostream) – The risks facing the Eurozone economy are still largely on the downside, but are less threatening than they had been, European Central Bank President Christine Lagarde said Thursday.
10 December 2020