By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos on Monday said that although the economic repercussions for the Eurozone of a no-deal Brexit should be limited, financial risks could augment as a result.
16 November 2020
By David Barwick – FRANKFURT (EconoStream) – The news regarding a medical solution to the pandemic does not fundamentally change the outlook but does represent a return to the European Central Bank’s baseline scenario, Executive Board member Isabel Schnabel said Friday.
13 November 2020
By David Barwick – FRANKFURT (EconoStream) – Bundesbank board member Sabine Mauderer said Thursday that an accommodative monetary policy stance remains necessary in the current environment.
13 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank President Christine Lagarde said Thursday that the high degree of uncertainty facing policymakers has diminished somewhat recently, but at the same time dampened expectations of a quick medical solution to the pandemic.
12 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos on Thursday warned that a premature or abrupt withdrawal of fiscal support would cause a ‘severe’ shock to companies.
12 November 2020
By David Barwick – FRANKFURT (EconoStream) – When the European Central Bank recalibrates its policy stance next month, it will probably rely chiefly on its pandemic emergency purchase programme (PEPP) and targeted longer-term refinancing operations (TLTROs) in doing so, ECB President Christine Lagarde said Wednesday.
11 November 2020
By Sophia Rodrigues – SYDNEY (EconoStream) – The Reserve Bank of New Zealand is likely to keep the official cash rate unchanged at 0.25% and launch funding program for banks to provide stimulus to the economy ahead of rate cut next year.
10 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday welcomed the victory of Joseph Biden in the U.S. presidential election as ‘good news’.
9 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Jens Weidmann said Thursday that sovereign bond purchases are a valid monetary policy instrument, while cautioning about the risk of fiscal dominance.
9 November 2020
By David Barwick – FRANKFURT (EconoStream) – With the December monetary policy meeting of the European Central Bank still more than a month off, the ECB has plenty of time yet to prepare itself - and financial markets - to make good on President Christine Lagarde’s promise to ‘recalibrate’ the policy stance. So far, there is little indication that the Governing Council is planning to over-deliver.
6 November 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s actions in December will benefit from updated staff forecasts that let the Governing Council assess the possible duration of the latest containment measures’ economic impact, Executive Board member Isabel Schnabel said Wednesday.
4 November 2020
4th November 2020 By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Yves Mersch said last Friday that the unanimity at the previous day’s Governing Council meeting concerned the high degree of uncertainty prevailing...
4 November 2020
By David Barwick – FRANKFURT (EconoStream) – The economic fallout from the second wave of the pandemic shouldn’t be as severe as the first time around, European Central Bank Executive Board member Isabel Schnabel said Tuesday.
3 November 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Jens Weidmann said Friday that he would not exclude modification of the threshold relevant for banks’ reserve holdings under the ECB’s tiering system.
30 October 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Boštjan Vasle said Friday that economic developments were increasingly likely to undershoot the ECB’s most recent staff macroeconomic forecasts, but that the ECB’s measures to date remained sufficient.
30 October 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank intends to recalibrate its policy stance in December in view of the downside risks to the economy and based on the revised staff macroeconomic forecasts available then, Governing Council member Ignazio Visco said on Friday.
30 October 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s decision in December could involve fine-tuning of existing instruments as well as the introduction of a new tool, but in any case will reflect the data available then, ECB Governing Council member Robert Holzmann suggested on Friday.
30 October 2020
By Sophia Rodrigues – SYDNEY (EconoStream) – Bank of Canada has become the latest central bank to provide dual forward guidance on its policy outlook as it aims to provide certainty on interest rates to households and businesses in an environment of uncertainty.
30 October 2020
By Sophia Rodrigues – SYDNEY (EconoStream) – The Reserve Bank of Australia’s bond-buying plan under Quantitative Easing is likely to include bonds in the 5-10 year range but its expectation is that it would also drive down bond yields beyond that term.
30 October 2020
By David Barwick – FRANKFURT (EconoStream) – The Governing Council of the European Central Bank decided at its latest monetary policy meeting that a thorough recalibration of its monetary policy stance would have to wait until December, but vowed that it would not remain passive between now and then, ECB President Christine Lagarde said Thursday.
29 October 2020