By David Barwick – FRANKFURT (Econostream) – The worsening of the pandemic and the public health policy response constitute a substantial downside risk to the outlook, European Central Bank Executive Board member Philip Lane said on Monday.
25 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The first decline in German manufacturing sector sentiment since last April drove a fall in the country’s business climate for the month of January, according to the Ifo Institute on Monday.
25 January 2021 | Central Bank News
The headline business climate index fell from a seasonally adjusted 92.2 in December to 90.1 in January as companies more negatively assessed both the current situation (down from 91.3 to 89.2) and their expectations (down from 93.0 to 91.1), the research institute said.
25 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – Germany will emerge stronger from the crisis that the pandemic triggered, Finance Minister Olaf Scholz said on Saturday.
23 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council is ready to take additional measures if the situation warrants it, Council member Boštjan Vasle said Friday.
22 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – Favourable financing conditions are the compass according to which the European Central Bank is setting monetary policy to counter the impact of the pandemic on inflation, ECB President Christine Lagarde said Thursday.
21 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank can look forward on Thursday to what could be one of the least eventful Governing Council monetary policy meetings since the outbreak of the pandemic a year ago.
20 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The uncertain atmosphere requires ongoing policy support and in particular easy monetary policy, European Central Bank Governing Council member François Villeroy de Galhau said Tuesday.
19 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernandez de Cos on Thursday warned that the rate of non-performing loans would rise considerably in the next quarters even in a best-case scenario.
14 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 9-10 December, released by the ECB on Thursday, indicated that the centrepiece of the Governing Council’s array of measures at the time was a compromise between those who wanted to do more and those who argued for less.
14 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The German government has the financial wherewithal to continue mitigating the impact of the pandemic for a long time, Finance Minister Olaf Scholz said on Wednesday.
13 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is watching especially closely how the euro’s strength affects inflation, Governing Council member François Villeroy de Galhau said Wednesday.
13 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The lag between the vaccination of the public against Covid-19 and the positive economic impact of increasingly widespread immunity implies leaving policy support in place, European Central Bank Governing Council member Pablo Hernandez de Cos said Tuesday.
12 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – A premature withdrawal of economic policy support would be a grave error, European Central Bank Executive Board member Isabel Schnabel said Tuesday.
12 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The Bank of England’s monetary policy will in any event continue to be set with an eye towards restoring medium-term inflation to 2%, Ben Broadbent, Deputy Governor for Monetary Policy of the BOE, said on Tuesday.
12 January 2021 | Central Bank News
11th January 2020 By David Barwick – FRANKFURT (Econostream) – A negative interest rate policy (NIRP) should be beneficial overall for UK economic growth and inflation and should be part of the Bank of England’s policy toolkit, Silvana Tenreyro, External...
11 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The inflation outlook demanded monetary policy action on December 10, but central bankers should take care not to wind up holding too much government debt, European Central Bank Governing Council member Jens Weidmann said Thursday.
7 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The susceptibility of market-based finance to liquidity shocks requires more appropriate tools to handle the consequent market dysfunction, Andrew Hauser, Executive Director for Markets at the Bank of England, said Thursday.
7 January 2021 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – Monetary policy has limited possibilities in the current situation and the decisions taken by the European Central Bank Governing Council on December 10 are questionable, Council member Jens Weidmann said Thursday.
31 December 2020 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – The way out of the pandemic now appears clear, but it will still take time, European Central Bank Executive Board member Philip Lane said on Friday.
18 December 2020 | Central Bank News