Jens Weidmann, President of the Bundesbank and member of the Governing Council of the European Central Bank (ECB), announced on Wednesday that will resign from his position at the end of the year, citing personal reasons. In a statement posted on the Bundesbank website, the official said “I have come to the conclusion that more […]
Tag: ECB
Villeroy says there is no reason to increase rates between now and the end of next year
There is no reason for the European Central Bank (ECB) to raise rates between now and the end of next yearsaid on Tuesday the member of the Governing Council of the central bank and governor of the Bank of France, Francois Villeroy de Galhau. Additional comments “There is still a big difference in terms of […]
EUR / GBP recovers from Friday’s losses hovering around 0.8450
The single currency cuts losses for two consecutive days, despite the BoE’s prospects for a rate hike. The ECB Christine Lagarde reinforces that “inflation is largely transitory”. The divergence between the ECB and the Bank of England could benefit the British pound against the single currency. EUR / GBP: To extend its decline towards the […]
There should be a level of flexibility in the ECB’s toolbox – Ignazio Visco
The member of the Governing Council of the European Central Bank (ECB), Ignazio Visco, told Bloomberg TV on Monday that Market expectations are not as consistent with ECB guidelines. Featured statements “The ECB has not discussed raising the limit on international bond purchases.” “We may end up raising the limits, but nothing has been discussed.” […]
EUR / GBP falls to new lows since February 2020, below 0.8450
A combination of factors triggers new selling around EUR / GBP on Friday. The pessimistic bias of the ECB is seen as a key factor behind the poor performance of the euro. Positive Brexit news benefits GBP and puts pressure on the pair. The crossing EUR/GBP has posted strong sales during the European session on […]
EUR / USD declines from daily highs and falls below 1.1600
The EUR / USD slump at 1.1600 threatens to push the single currency to new yearly lows. Market risk sentiment weighs on safe-haven currencies such as the US dollar. The members of the ECB agree with the upward pressures of inflation as “transitory”. Fed Forecast: Inflation appears to be the latest due to supply chains. […]
There are ECB weighting options to ease the transition out of the PEPP – Klaas Knot
The European Central Bank (ECB) head of policy formulation, Klaas Knot, said Thursday that the inflation outlook for the euro area has returned to normal, as reported Reuters. Featured statements “Headline Inflation Risks Tilt Up.” “Risks of upward inflation are primarily related to more persistent supply-side bottlenecks and stronger domestic wage and price dynamics.” “Welcoming […]
Lagarde says they continue to see the spike in inflation to be largely temporary
Christine Lagarde, president of the European Central Bank (ECB), said on Thursday that continue to see the rebound in inflation largely driven by temporary factors, as reported by Reuters. Additional comments “The recovery phase of the economy of the euro zone is more and more advanced “. “We view the risks surrounding the growth prospects […]
Calibrating the volume of asset purchases is important to ensure policy is accommodative – Philip Lane
The Chief Economist of the European Central Bank, Philip Lane, said on Monday that gauging the volume of asset purchases plays an important role in ensuring that monetary stance is accommodative enough to achieve the timely achievement of the 2% target in the medium term. Featured statements – Reuters “If the economy is close to […]
Overreacting to inflation could be harmful – Isabel Schnabel
Isabel Schnabel, member of the executive council of the European Central Bank The ECB reiterated on Thursday that the current rise in inflation can largely be attributed to temporary factors, Reuters reported. “The current peak is largely due to the same factors that drove inflation down before,” the official said.meaning that the longest lasting effects […]