“We will not return to the situation before COVID-19 for a couple of years” said on Friday the member of the Governing Council of the European Central Bank (ECB), Ignazio Visco. He added that fiscal and monetary policies must remain expansionary. The official indicated that it is necessary to avoid removing the stimuli soon. With […]
Tag: ECB
Makhlouf says a rate cut is not the best tool to use under current circumstances
“Our opinion has been that a rate cut is not the best tool to use in the current circumstances.” said the head of policy of the European Central Bank (ECB) and Governor of the Central Bank of Ireland, Gabriel Makhlouf on Friday. Additional comments: “The financial crisis arising from the COVID-19 hit is still a […]
ECB: Risks to financial stability in the euro area remain high
Banks in the euro zone they currently have sufficiently strong capital reserves and liquidity, European Central Bank President Christine Lagarde said on Thursday, but added that risks to financial stability in the area remain high, according to Reuters. Additional conclusions “Headline inflation is likely to remain negative for the next several months before turning positive […]
ECB: Rehn says inflation expectations are anchored too low
The member of the Governing Council of the European Central Bank (ECB), Olli Rehn, said on Wednesday that inflation expectations in the euro zone are, unfortunately, anchored too low, as reported by Reuters. “The ECB you need a clear and genuinely symmetrical price stability target and a reaction function that is strong enough and equally […]
ECB: Lack of containment measures to bring monetary policy closer to limits – Robert Holzmann
“The Longer, longer, or stricter containment measures will likely require more monetary and fiscal adjustments in the short term“The European Central Bank (ECB) policymaker and governor of the Austrian National Bank said on Wednesday, Robert Holzmann. “The absence of containment measures would likely push fiscal and monetary policy even closer to the limits,” Holzmann added. […]
