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ECB’s de Cos Reiterates: Euro Strength Undoing Monetary Stimulus

ECB’s de Cos Reiterates: Euro Strength Undoing Monetary Stimulus

By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Tuesday reiterated his assertion that the strength of the euro had undone much of the monetary accommodation provided by the ECB.

6 October 2020 Central Bank News
ECB’s Weidmann: Monetary Policy Making a ‘Crucial’ Contribution

ECB’s Weidmann: Monetary Policy Making a ‘Crucial’ Contribution

5th October 2020 By David Barwick – FRANKFURT (EconoStream) – Monetary policy is making a crucial contribution by ensuring that the economic fallout from the pandemic does not trigger second-round effects, European Central Bank Governing Council member...

5 October 2020 Central Bank News
ECB’s Lagarde Seemingly Pre-empts Strategy Review Debate on Symmetry

ECB’s Lagarde Seemingly Pre-empts Strategy Review Debate on Symmetry

2nd October 2020 By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s monetary policy strategy review may turn contentious at times, given the range of Governing Council members’ perspectives, the review’s broad scope and the possibility...

2 October 2020 Central Bank News
ECB’s Lagarde Seemingly Pre-empts Strategy Review Debate on Symmetry

ECB’s Lagarde Seemingly Pre-empts Strategy Review Debate on Symmetry

By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s monetary policy strategy review may turn contentious at times, given the range of Governing Council members’ perspectives, the review’s broad scope and the possibility its outcome...

2 October 2020 Central Bank News
ECB’s de Cos Highlights Virtues of Modifying Inflation Objective

ECB’s de Cos Highlights Virtues of Modifying Inflation Objective

By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Thursday warned of the danger of persistently low inflation and added his voice to the chorus of those favouring a change in the ECB’s inflation objective.

1 October 2020 Central Bank News
ECB’s de Cos Stresses Readiness to Take New Steps, Notes Euro Rise

ECB’s de Cos Stresses Readiness to Take New Steps, Notes Euro Rise

By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Thursday emphasised the willingness of the ECB to defend the stability of prices against the backdrop of a strengthening euro.

1 October 2020 Central Bank News
ECB’s de Guindos Hints at Possible Need for More Easing This Year

ECB’s de Guindos Hints at Possible Need for More Easing This Year

By David Barwick – FRANKFURT (EconoStream) – European Central Bank Vice President Luis de Guindos on Thursday hinted that the ECB might have to provide additional monetary accommodation this year in the absence of adequate support from fiscal policies.

1 October 2020 Central Bank News
ECB’s Lagarde: Inflation Aim Needs to Reflect Concerns We Face

ECB’s Lagarde: Inflation Aim Needs to Reflect Concerns We Face

By David Barwick – FRANKFURT (EconoStream) – European Central Bank President Christine Lagarde on Wednesday made clear that the inflation target of the ECB is likely to undergo considerable revision as a result of the recently relaunched strategy review.

30 September 2020 Central Bank News
ECB’s Villeroy: We May Be Willing to Accept HICP over 2% for a While

ECB’s Villeroy: We May Be Willing to Accept HICP over 2% for a While

By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday suggested that the ECB might tolerate above-2% inflation without an automatic monetary policy reaction when this would be consistent with pursuing price stability symmetrically.

25 September 2020 Central Bank News
ECB’s Lane: Our Primary Concern Is Too-Low Inflation for Too Long

ECB’s Lane: Our Primary Concern Is Too-Low Inflation for Too Long

By David Barwick – FRANKFURT (EconoStream) – The European Central Bank’s primary concern is not deflation but rather the possibility of below-target inflation for too long, making a high degree of monetary accommodation necessary, ECB Executive Board member Philip Lane said Thursday.

24 September 2020 Central Bank News
ECB’s Mersch on Exchange Rate: ‘Very Attached to Multilateralism’

ECB’s Mersch on Exchange Rate: ‘Very Attached to Multilateralism’

By David Barwick – FRANKFURT (EconoStream) – European Central Bank Executive Board member Yves Mersch on Wednesday highlighted the virtues of restraint when speaking of the exchange rate and said that while the ‘statistical’ impact of euro appreciation made close monitoring necessary, this did not represent a strategy change.

23 September 2020 Central Bank News
ECB’s Stournaras: Ending Policy Support Early Could Cause Deflation

ECB’s Stournaras: Ending Policy Support Early Could Cause Deflation

By David Barwick – FRANKFURT (EconoStream) – The cliff effect that would result from removing economic policy support too soon in the current situation could lead to deflation, European Central Bank Governing Council member Yannis Stournaras said Wednesday.

23 September 2020 Central Bank News
ECB’s Panetta: Euro Strength Causing Undesirable Financial Tightening

ECB’s Panetta: Euro Strength Causing Undesirable Financial Tightening

By David Barwick – FRANKFURT (EconoStream) – The strength of the euro has led to tighter financial conditions and effectively attenuated the measures taken by the European Central Bank during the crisis, ECB Executive Board member Fabio Panetta said Tuesday.

22 September 2020 Central Bank News