Federal Reserve Chair Jerome Powell and his counterparts at the ECB, Bank of Japan and Bank of England stressed, Wednesday, with cautious optimism that supply-chain disruptions lifting inflation rates are temporary.Powell and Lagarde participated in a virtual panel event. Jerome Powell continues to view this year’s acceleration in inflation as …
Read More »Lagarde warns against overreacting to temporary price shock
ECB President Christine Lagarde said that the European Central Bank should be cautious of withdrawing stimulus too quickly, a statement by which Lagarde has distanced the European Central Bank from the move towards tighter monetary policy by many other central banks.ECB sees inflation going further above 3%, but expected to …
Read More »Lagarde assesses monetary policy during unusual recovery
President of the European Central Bank, Christine Lagarde spoke before ECB Forum on Central Banking. Her speech was entitled: “Beyond the pandemic: the future of monetary policy”.Lagarde has pointed out that the economy is back from the brink, but not completely out of the woods. After a highly unusual recession, …
Read More »ECB Lagarde: “The Lady Isn’t Tapering”
The European Central Bank came out on Thursday as markets had expected. The bank decided to slow down in bond purchases and raised the inflation forecast. Policymakers emphasized that the change is not “Tapering” as the change will be on the PEPP, not APP as the bank strengthens its growth …
Read More »All Eyes on ECB With PEPP Tapering Expected in Q4
The European Central Bank’s Governing Council will meet this week to decide on the level of PEPP purchases; analysts expect a reduction after two-quarters of higher purchases. the amount will remain undetermined, but monthly purchases may be reduced to 60 billion euros from the current 80 billion euros. Statements made …
Read More »ECB’s Lagarde: Inflation Target at 2% is Not a Ceiling
European Central Bank President Christine Lagarde has said that the new 2% symmetric inflation target means that level is not a ceiling. The ECB abandoned its “below, but close to 2%” target in its strategic review published earlier.
Read More »Lagarde speech: We Are Somewhat More Optimistic About The Outlook Than 3 Months Ago
Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech. “We are somewhat more optimistic about the …
Read More »Lagarde speech: We Expect Growth to Improve Strength in The Second Half of The Year
Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech “We expect growth to improve strongly in …
Read More »ECB Leaves Key Rates And PEPP Unchanged
The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. ECB will continue to conduct net asset purchases under PEPP with a total envelope of €1,850 billion …
Read More »Why the ECB is Optimistic about Recovery in H2?
The President of the European Central Bank (ECB), Christine Lagarde, believes that the European Union (EU) will see strong economic growth and recovery during the second half (H2) of the year. “Light is at the end of the tunnel. We can see it. It is not yet within touching distance. …
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