The President of the European Central Bank (ECB), Christine Lagarde, said on Thursday that she expects inflation in the Eurozone will likely remain in the negative territory into early 2021. This comes amid renewed lockdown and preventive measures across the European continent to curb the spread of the new wave …
Read More »ECB’s Lagarde: PEPP Was Targeted to be Temporary, Exceptional
The European Central Bank (ECB) President Christine Lagarde added to her earlier comments and said that PEPP was targeted to be temporary, exceptional. Lagarde was speaking at the ECON Committee of the European Parliament (by videoconference). By definition ECB won’t go bankrupt or run out of money.ECB is extremely attentive …
Read More »Lagarde: Vaccine Will Not Change Our Projections
The President of the European Central Bank (ECB), Christine Lagarde, said on Tuesday that an effective Coronavirus vaccine will not change the bank’s economic projections. “I’m not sure that is going to be a major game-changer for our forecasts, simply because what we had anticipated in our baseline was that …
Read More »Christine Lagarde’s Speech Summary
Christine Lagarde, President of the European Central Bank, is delivering her remarks at the ECB Forum on Central Banking 2020. “Developments in the exchange rate may have a negative impact on the path of inflation.”“If this second wave of the virus proves to be less intense than the first, it …
Read More »Finland Calls for Reviewing ECB Strategy
The Governor of the Bank of Finland, Olli Rehn, said on Monday that the European Central Bank (ECB) needs to continuously review its strategy. “I would consider it a good idea that going forward we would review the ECB’s monetary policy strategy regularly, for instance every five years.”“We have detached …
Read More »ECB Leaves Key Rates Unchanged in October as Expected
At its monetary policy meeting held on October 29th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as …
Read More »ECB to Lower Inflation Expectations – Goldman Sachs
Goldman Sachs expects the board of the European Central Bank (ECB) to lower their inflation projections for 2020-2021. This comes in light of the large downside surprise in August inflation and the appreciation of the Euro (EUR). As for inflation expectations for 2022, they are forecasted to remain unchanged. Moreover, …
Read More »Lagarde: ECB to Maintain Accommodative Policy
The European Central Bank (ECB) is set to maintain an accommodative policy amid the COVID-19 crisis, said the bank’s President Christine Lagarde on Monday, Reuters reported. Lagarde further revealed that EUR 590 billion of the EUR 1.35 trillion asset purchase programme have already been allocated to help maintain interest rates …
Read More »ECB to Be Cautions with Expanding Bond Buying
The European Central Bank (ECB) is expected not to expand emergency stimulus despite the increasing number of Coronavirus (COVID-19) cases, which is set to lead to renewed lockdowns. Nonetheless, the ECB is not expected to expand its bond purchases this month, according to a recent report by Bloomberg. It is …
Read More »Lagarde: Eurozone Financial Risks on the Rise
President of the European Central Bank (ECB), Christine Lagarde, said on Thursday that financial stability risks are rising in the Eurozone due to an increase in debt levels, Reuters reported. “The euro area economy will continue to be supported by very accommodative monetary and fiscal policies along with an expected …
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