FRANKFURT—The European Central Bank left policy unchanged on Thursday as widely expected, holding fire before a set of crucial decisions in December on ending pandemic emergency stimulus and returning policy to a more normal setting. Confirming its policy stance, the ECB will continue to buy bonds at a “moderately lower” pace this quarter than in…
Euro Hovers Ahead of ECB Meeting, Yen Looks Past BOJ Doves
October 28, 2021
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LONDON—The euro dipped below $1.16 ahead of the European Central Bank meeting on Thursday as investors wait to hear policymakers’ views on the outlook for inflation and an expected push back against rising interest rate projections. On a busy day for central bank-driven activity, the Australian dollar dipped on growing speculation about the Reserve Bank…
Euro Zone Banks Raised Bar for Mortgages in Third Quarter, ECB Says
FRANKFURT—Euro zone banks tightened access to mortgages in the three months to September and expect to continue doing so in the final quarter of the year, a European Central Bank survey showed on Tuesday. ECB policymakers are set to take stock of the economic situation at a meeting on Thursday, paving the way for a…
Inflation Genie out of the Bottle: 5 Questions for the ECB
LONDON—The inflation genie is finally out of its bottle. Now investors are waiting to see whether the European Central Bank (ECB) on Thursday admits that price pressures are too significant to ignore. They will also want an explanation of what that means for its ultra-easy policy stance. Big decisions on the future of the ECB’s…
Euro Zone Inflation Expectations Hit ECB Target of 2 Percent
October 22, 2021
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LONDON—A key market gauge of euro zone inflation expectations rose on Friday to 2 percent, the ECB’s inflation target, for the first time in seven years, putting pressure on the central bank as it weighs how to proceed with stimulus when its pandemic-era support ends. The five-year, five-year forward inflation swap, a key market gauge…
Risk of Higher Euro Zone Inflation on the Rise: ECB’s Vasle
LJUBLJANA—Euro zone inflation is at risk of overshooting projections so the European Central Bank needs to carefully monitor price growth and should end its emergency stimulus programme next March, ECB policymaker Bostjan Vasle told Reuters. Inflation has surged above the ECB’s target due to a long list of one-off factors, leading to fears that what…
Europe at Risk of Higher Inflation; ECB’S PEPP Should End in March: ECB’s Knot
FRANKFURT—Euro zone inflation could exceed expectations in the short and medium term, and this outlook for price growth warrants an end to the European Central Bank’s emergency bond purchases next March, Dutch central bank chief Klaas Knot said on Thursday. Inflation has surged this year on a long list of one-off developments but a growing…
Money Markets Ramp Up Global Rate Hike Bets, Add Pressure on Central Banks
October 12, 2021
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LONDON—As inflationary pressures mount worldwide, money markets are charging ahead with pricing aggressive interest rate rises, in most cases betting that policy will be tightened far sooner and at a much faster pace than rate-setters are signalling. Energy prices at multi-year highs and relentless supply chain snarls have raised fears of a future inflation spike,…
ECB’s Brain Trust Spars Over Inflation Outlook
FRANKFURT—The European Central Bank’s two leading economic thinkers sparred on Thursday over how likely it was for the recent, sharp rise in euro zone inflation to become permanent. Philip Lane and Isabel Schnabel, who lead the economic debate on the ECB’s board, both repeated the ECB’s official line that the spike in price growth would…
ECB’s de Guindos Flags Structural Driver in Inflation Rise
October 4, 2021
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FRANKFURT―The recent rise in euro zone inflation has a structural driver in supply disruptions and the European Central Bank has to watch out for any sign of wages increases, ECB vice-president Luis de Guindos said on Monday. The ECB officially expects price growth in the euro zone, which hit 3.4 percent last month, to ease…
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