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ECB Meeting Account Shows Desire to Pre-empt Loss of Confidence

ECB Meeting Account Shows Desire to Pre-empt Loss of Confidence

By David Barwick – FRANKFURT (EconoStream) – The account of the European Central Bank’s meeting of 29-30 April, released by the ECB on Friday, showed members of the Governing Council to be keen on preserving financial market confidence, potentially by pre-emptive policy action.

22 May 2020 Central Bank News
ECB’s Lagarde: No Psychological Obstacle to Stocking Up PEPP

ECB’s Lagarde: No Psychological Obstacle to Stocking Up PEPP

By David Barwick – FRANKFURT (EconoStream) – The European Central Bank faces “no psychological obstacle” to increasing the size of its €750-billion Pandemic Emergency Purchase Programme (PEPP), ECB President Christine Lagarde said on Monday.

18 May 2020 Central Bank News
ECB’s Lane: ECB Analysing the Situation; June Meet Still 3 Weeks Off

ECB’s Lane: ECB Analysing the Situation; June Meet Still 3 Weeks Off

By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is in the process of evaluating the situation with respect to its policy stance and the potential need to do more at the meeting to take place in June, ECB Executive Board member Philip Lane on Monday.

18 May 2020 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 Central Bank News
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 Central Bank News
ECB’s Villeroy: ECB Will Probably Have to Go Yet Further

ECB’s Villeroy: ECB Will Probably Have to Go Yet Further

By David Barwick – PARIS (EconoStream) – The European Central Bank will probably have to do more to support a return to price stability, ECB Governing Council member François Villeroy de Galhau said Wednesday.

6 May 2020 Central Bank News
ECB’s Weidmann: Need Monetary Support, But Mustn’t Forget Exit

ECB’s Weidmann: Need Monetary Support, But Mustn’t Forget Exit

By David Barwick – FRANKFURT (EconoStream) – Notwithstanding the current need for monetary policy support, the European Central Bank shouldn’t forget about the need to exit, ECB Governing Council member Jens Weidmann said on Tuesday.

5 May 2020 Central Bank News
BOE’s Vlieghe: Priority is to Return Economy to pre-Virus Path ASAP

BOE’s Vlieghe: Priority is to Return Economy to pre-Virus Path ASAP

23rd April 2020 By David Barwick – LONDON (EconoStream) – The current priority for monetary policy has to be getting the economy back to the path it was on prior to the pandemic, Gertjan Vlieghe, external member of the Bank of England’s Monetary Policy...

23 April 2020 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News