- Formal commitment by ECB to respect capital key could make markets uneasy
- Possible compromise a declaration of ECB’s determination to ensure policy transmission
By David Barwick – FRANKFURT (Econostream) – German Bundesbank Vice President Claudia Buch warned on Tuesday of the build-up of risks in the German financial system that could materialise in the wake of a stalled recovery or surprisingly high inflation.
28 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday took a step back from her recently relatively hawkish language on inflation as she delivered a carefully scripted speech devoid of new policy conclusions to open the ECB Forum on Central Banking.
28 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The desire to avoid cliff effects when the European Central Bank end emergency purchases of debt does not imply an increase in pre-existing bond purchase programmes, ECB Governing Council member Peter Kazimir said Tuesday.
28 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Of the possible takeaways from European Central Bank President Christine Lagarde’s European Parliament Q&A on Monday, a prominent candidate might be that the Eurotower doesn’t put too much stock in its latest inflation projections.
27 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde, in her introductory statement at Monday’s hearing of the Committee on Economic and Monetary Affairs of the European Parliament, echoed much of the language she used at the press conference following September’s monetary policy meeting of the Governing Council.
27 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Although third-quarter growth should top that of the second quarter, it would probably still not return the German economy as a whole to pre-pandemic levels, the German Bundesbank said on Monday in its latest monthly report.
27 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Digitalisation and the shift to greener economies would strongly affect growth and inflation and are therefore of great interest to monetary policymakers, European Central Bank Chief Economist Philip Lane said on Friday.
24 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Wide-ranging as it was, the interview by CNBC with European Central Bank President Christine Lagarde published Friday yielded less news than might be expected, not because Lagarde was not asked important questions, but rather because she appeared determined to stick to safe ground and avoid further fueling public debate.
24 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Supply bottlenecks pose a threat to global economic growth in the short term, the European Central Bank said on Thursday.
23 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Thursday said the pandemic was being overcome but was for now still ongoing.
23 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Wednesday became the latest monetary policymaker to paint a picture of the euro area economy that would be consistent with a withdrawal of support, a conclusion he was not hesitant to reach.
22 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The health of non-financial corporates has been negatively affected by the pandemic and their debt burden could hamper the medium-term recovery, the European Central Bank said on Wednesday.
22 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Authorities need to be careful of the possible unintended consequences of cutting interest rates further when these are already low, according to a research bulletin published Wednesday by the European Central Bank.
22 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Durably higher inflation would require price pressures on a broad base and in particular stronger wage developments that to date are not clearly visible, the European Central Bank said on Tuesday.
21 September 2021 Central Bank News
Econostream's latest ranking of the members of the European Central Bank Governing Council in terms of hawkishness/dovishness.
21 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Vice President Luis de Guindos on Tuesday ratcheted up the hawkishness, sounding almost but not quite alarmed about the potential for price pressures to remain elevated and declaring economic risks that had loomed large earlier in the crisis to be essentially null and void.
21 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday provided a glimpse into the nature of the tussle awaiting the euro area’s monetary authorities, lining up with numerous colleagues who’ve already conceded brighter inflation prospects, yet remaining as unwilling as ever to take the logical next step towards reduced accommodation.
21 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Spanish economic growth this year will bounce back by 6.3% and remain at an elevated 5.9% next year before subsiding in 2023 to a still-respectable 2.0%, according to the central scenario of Banco de España’s latest macroeconomic projections, released on Tuesday.
21 September 2021 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Officials of the European Central Bank have been all but lining up in recent days to sound the alarm with respect to the potential for euro area inflation to come back to life sooner and more vigorously than expected.
20 September 2021 Central Bank News