By David Barwick – FRANKFURT (EconoStream) – The European Central Bank is basing its policy stance on medium-term inflation prospects rather than the exchange rate, Executive Board member Isabel Schnabel said Wednesday.
16 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – Inflation in the euro area will remain ‘uncomfortably’ beneath the European Central Bank’s price stability objective over the medium term, ECB Executive Board member Fabio Panetta said Tuesday.
15 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank monetary policy is entering the phase in which its chief aim is getting inflation back to the path followed prior to the pandemic, an objective asset purchases will be key to achieving, ECB President Christine Lagarde said Sunday.
13 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – It should be quite clear that the European Central Bank cannot afford to be complacent in its efforts to restore inflation consistent with its objective, ECB Executive Board member Philip Lane said Thursday.
12 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank should not defer deliberations about how and when to unwind the measures taken to mitigate the economic fallout from the pandemic, Governing Council member Robert Holzmann said on Friday.
11 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Mario Centeno on Friday stressed that measures taken to respond to the crisis must be temporary, but cautioned against removing them too soon.
11 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The European Central Bank will take care not to withdraw monetary accommodation too soon and throttle the process of recovering from the pandemic’s economic fallout, Executive Board member Isabel Schnabel said Friday.
11 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The Governing Council of the European Central Bank took particularly careful note of exchange rate developments at its latest monetary policy meeting, ECB President Christine Lagarde said Thursday.
10 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – The Bank of England will probably need to ease its policy stance yet further to mitigate the economic fallout from the pandemic, Michael Saunders, member of the BOE’s Monetary Policy Committee (MPC), said on Friday.
4 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – European Central Bank Governing Council member Jens Weidmann said on Wednesday that the risks of sovereign debt purchases for monetary policy purposes are high and that measures taken by the ECB to mitigate the crisis must be removed once the crisis is over.
2 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – Several top European Central Bank officials on Wednesday called for a renewed drive to complete the capital markets union (CMU) to support the post-pandemic recovery and boost potential growth.
2 September 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – As long as economic developments continue to support the European Central Bank’s main scenario, there is no basis for a modification of the ECB’s monetary policy stance, Executive Board member Isabel Schnabel said Monday.
31 August 2020 Central Bank News
By David Barwick – FRANKFURT (EconoStream) – Accepting the pandemic-related inflation shock as a given that must inevitably defer the restoration of price stability entails costs and risks and is therefore not the preferred response of the European Central Bank, ECB Executive Board member Philip Lane said Thursday.
28 August 2020 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News