News


ECB Brief: Shift from PEPP to APP Tempting But Not Necessarily Simple

ECB Brief: Shift from PEPP to APP Tempting But Not Necessarily Simple

By David Barwick – FRANKFURT (Econostream) – Though the European Central Bank’s Governing Council will probably avoid any discussion tomorrow of the winding down of its pandemic emergency purchase programme (PEPP), such a discussion seems likely to occur before at least some members are ready for it.

9 June 2021
ECB Insight: Governing Council Likely to Want to Avoid Perception of Policy Inflection Point

ECB Insight: Governing Council Likely to Want to Avoid Perception of Policy Inflection Point

By David Barwick – FRANKFURT (Econostream) – In contrast to the high expectations for June prevailing in the aftermath of March’s anti-climactic Governing Council meeting, this week’s gathering of the European Central Bank is likely to be less of an inflection point following recent comments by ECB officials that seem to preordain the policy outcome and foreshadow the tone at the subsequent press conference.

8 June 2021
ECB Lagarde: Bigger Global Role for Euro May Take Policy Measures, Reform Efforts

ECB Lagarde: Bigger Global Role for Euro May Take Policy Measures, Reform Efforts

By David Barwick – FRANKFURT (Econostream) – The fact that the euro’s international importance, though not high, emerged unscathed from the turbulence of 2020 may indicate that a larger global role for the common currency could only be the result of additional policies and reforms, according to European Central Bank President Christine Lagarde on Wednesday.

2 June 2021
German Unemployment Declines in May

German Unemployment Declines in May

By David Barwick – FRANKFURT (Econostream) – German unemployment last month registered a clear decline, according to seasonally adjusted data released on Tuesday by the German Federal Employment Agency.

1 June 2021
German Inflation Picks up More Steam, Hitting 2.5% Y/Y in May

German Inflation Picks up More Steam, Hitting 2.5% Y/Y in May

By David Barwick – FRANKFURT (Econostream) – Consumer prices in Germany accelerated for the fifth month in a row in May, growing at an annualized 2.5%, according to the flash estimate of the German Federal Statistical Office on Monday.

31 May 2021
ECB Working Paper: Targeting Inflation Range Not Less Effective Than a Point Target

ECB Working Paper: Targeting Inflation Range Not Less Effective Than a Point Target

By David Barwick – FRANKFURT (Econostream) – Central banks that target an inflation range are not necessarily likelier to find it harder to anchor expectations than their peers whose inflation targeting relies on another formulation of the inflation objective, according to a European Central Bank working paper published Monday.

31 May 2021