By David Barwick – FRANKFURT (EconoStream) – Eurozone economic activity over the summer months has been consistent with the European Central Bank’s central scenario of the recovery, ECB Executive Board member Philip Lane said Thursday.
27 August 2020
By David Barwick – PARIS (EconoStream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday declared supporting the economic recovery to be monetary policy’s dominant objective at present.
27 August 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Isabel Schnabel on Wednesday said that the ECB’s deposit facility rate, though negative, had probably not reached the relevant lower bound.
27 August 2020
By David Barwick – FRANKFURT (EconoStream) – The account of the European Central Bank’s policy meeting of 15-16 July, released by the ECB on Thursday, showed the Governing Council to consider market expectations consistent with the intentions of monetary authorities and to be keen on getting additional information on economic developments after the summer.
20 August 2020
By David Barwick – FRANKFURT (EconoStream) – The German economy should show very strong growth in the third quarter, though without reaching a pace equal to that of the preceding contraction, the Bundesbank said on Monday.
17 August 2020
By David Barwick – FRANKFURT (EconoStream) – The resurgence of Covid-19 in the U.S. increases the downside risks to the economy, Loretta Mester, President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, said Wednesday.
5 August 2020
By David Barwick – FRANKFURT (EconoStream) – Although Eurozone economic activity should be much better in the third quarter, some of the expected improvement may have already been reflected in the outcome for the second quarter, European Central Bank Executive Board member Philip Lane said Tuesday.
4 August 2020
4th August 2020 (EconoStream) The ECB released its weekly balance sheet data today. Overall assets were +€9.4 bn to €6,360.8 bn total. Of this, securities held for QE was +€15.0 bn and lending ops was -€0.5 bn (MROs +€0.0 bn, LTROs -€0.5 bn). In other...
4 August 2020
In a blog post on the ECB website, Lane, who is also Chief Economist of the ECB, said that it had ‘long been clear’ that the worst economic toll would be taken in the second quarter, given the extent of the contraction in April.
4 August 2020
By David Barwick – PARIS (EconoStream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday reiterated his hope that France might return to a pre-Covid level of economic activity in early 2022.
30 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank on Thursday confirmed the need for substantial monetary accommodation to support the economic recovery and price stability.
30 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s unwinding of its ultra-loose policy stance will be driven chiefly by inflation developments, ECB Governing Council member Yannis Stournaras said Wednesday.
30 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank must continue to shore up the economic recovery with a high degree of monetary accommodation, ECB Executive Board member Fabio Panetta said Monday.
27 July 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Jens Weidmann said on Monday that it is possible additional stimulus – not necessarily monetary – would be needed by the economy next year.
27 July 2020
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos’ pronouncement on Sunday that the Eurozone economy is emerging structurally unscathed from the pandemic may imply that the ECB is more firmly on hold than observers already assumed.
27 July 2020
By David Barwick – FRANKFURT (EconoStream) – The European economy has suffered no structural damage in the wake of the pandemic, European Central Bank Vice President Luis de Guindos said Sunday.
26 July 2020
By David Barwick – FRANKFURT (EconoStream) – Consumers’ uncertainty will restrain the economic recovery from the pandemic, Jonathan Haskel, external member of the Bank of England’s Monetary Policy Committee, said on Thursday.
23 July 2020
By David Barwick – FRANKFURT (EconoStream) – Weak demand will continue to depress inflation over the medium term, European Central Bank Governing Council member Pablo Hernandez de Cos said on Thursday.
23 July 2020
By David Barwick – FRANKFURT (EconoStream) – Recent data are confirming the appropriateness of the European Central Bank’s baseline forecast of economic growth in the euro area, ECB President Christine Lagarde said Thursday.
23 July 2020
By David Barwick – FRANKFURT (EconoStream) – The financial system is not the focus of the crisis caused by the pandemic, but is nevertheless under pressure, European Central Bank Vice President Luis de Guindos said Wednesday.
22 July 2020