ECB PRESIDENT DISCUSSES MERITS OF SYMMETRICAL INFLATION TARGETING
By Laurie Laird LONDON (MaceNews) – Europe’s top central banker Wednesday suggested that symmetrical inflation targeting could have merit in dispelling the low inflation environment suffered in advanced economies since the financial crisis. Addressing the ECB and its Watchers XXI conference in Frankfurt, ECB President Christine Lagarde noted that many central banks have explored a […]
ECB’S SCHNABEL CALLS FOR A EURO CARBON TAX
— Chastises investors for under-pricing the risk of climate changeBy Laurie Laird LONDON (MaceNews) – A top European central banker Monday rebuked investors for under-pricing the risk of climate change and called for a global carbon price to challenge the ecological and financial harm presented by global warming. “A global climate price is the most […]
ECB’S LAGARDE UNVEILS NEW TRANSPARENCY MEASURES
–Gives no clues as to future monetary policy in an address to an EU committee By Laurie Laird LONDON (MaceNews) – Europe’s top central banker Monday promised greater transparency in its communications with the European Parliament, stepping up efforts to enhance public accountability following a rebuke from German court back in May. Effective immediately, the […]
ECB’S LAGARDE: RECOVERY REMAINS UNCERTAIN; GOV COUNCIL MONITORING EURO STRENGTH
— ECB President Makes No Mention of Any Review of Asset Purchases By Laurie Laird LONDON (MaceNews) – The eurozone economy faces an uncertain future, despite evidence of a robust third quarter rebound, according to the eurozone’s top central banker. “While incoming data suggest that we will see a strong rebound during the third quarter, […]
BofA GLOBAL MANAGERS’ SURVEY: STILL UPBEAT RE WORLD GROWTH PROSPECT; BULLISH EQUITIES
— Inflation Fears Persist By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in September remained upbeat about world growth prospects and bullish towards equities, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. This month, a net 84% of fund managers looked for global growth to strengthen […]
ECB’S LANE: BASELINE FORECASTS BASED ON WIDESPREAD COVID JAB BY END-2021
By Laurie Laird LONDON (MaceNews) – The most recent ECB economic forecasts assume that a vaccine to combat Covid-19 virus could be available by the end of next year, according to the central bank’s chief economist, Philip Lane Friday. The “baseline” estimates assume that “maybe a vaccine will be found by the middle of next […]
ECB ‘MONITORING’ EURO STRENGTH; UPGRADES 2020 GDP FORECAST
— Rate on Hold After Latest Governing Council Meeting By Laurie Laird LONDON (MaceNews) – The European Central Bank discussed the recent appreciation of the single currency at its latest governing council meeting, but declined to specify the risks of sustained euro strength to the nascent economic recovery. The governing council made a rare passing […]
TEXT: ECB POLICY STATEMENT
FRANKFURT (MaceNews) – The following is the text of Thursday’s European Central Bank policy statement: At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged […]
ECB CHIEF ECONOMIST HINTS AT FURTHER EURO ZONE STIMULUS
By Laurie Laird LONDON (MaceNews) – The European Central Bank may be forced to enact further extraordinary measures to lift inflation toward its target following the shock of the coronavirus, according to the Bank’s chief economist Thursday. “For the ECB to deliver on its mandate [the bank may resort] to additional monetary stimulus,” Lane told […]
EUROZONE ECONOMIC SENTIMENT ROSE BY RECORD AMOUNT IN JUNE
ZURICH (MaceNews) – Economic sentiment in the countries sharing the euro increased by a record amount in June, extending the turnaround which started in May, with employment expectations also increasing, the European Commission reported Monday. Economic sentiment improved to 75.7 in the euro area, rising 8.2 points, which is the largest monthly increase on record, […]