LISBON—Lingering uncertainty about rising inflation requires close monitoring by the European Central Bank, which sees it as a temporary trend, but it must be prepared to act flexibly, ECB Governing Council member Mario Centeno said on Thursday. “Concerning the monetary policy the best answer to uncertainty is to keep close monitoring, a steady hand and…
Centeno Says ECB Needs to Keep Monitoring Inflation, Stand Ready to Act
ECB’s Lagarde Says Many Causes of Inflation Spike Are Temporary
September 24, 2021
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FRANKFURT—Many of the drivers of a recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine Lagarde said. Euro zone prices have been rebounding faster than expected as the economy reopened after pandemic-induced lockdowns, and several ECB policymakers think inflation will be close to,…
ECB to Mull Upping Regular Bond Purchases After Emergency Scheme: Bloomberg
FRANKFURT—The European Central Bank will discuss whether to raise its regular bond purchases when its pandemic-fighting scheme ends, ECB policymaker Madis Muller said in an interview published on Wednesday. “I realise that it would be a problem if there is a very sharp cliff effect at the end of the pandemic emergency purchase programme (PEPP),”…
Germany’s Laschet Says Trusts ECB to Keep Inflation in Check
FRANKFURT—Armin Laschet, the conservative candidate bidding to succeed German Chancellor Angela Merkel in this month’s election, said he was confident the European Central Bank (ECB) would achieve price stability, as accelerating inflation hits savers. “For me, it’s alarming when small savings, pensions, life insurances and building loan contracts lose value,” Laschet was quoted as telling…
ECB’s Lane Reveals in Private Meeting Inflation Target May Be Met by 2025: Report
FRANKFURT—European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2 percent inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank. The ECB had not made this long-term forecast public, meaning…
Analysis: ECB Sees a New Inflation ‘Hump’ as Prices Surge
FRANKFURT—A spike in euro zone inflation to above the European Central Bank’s target is a temporary “hump”, the ECB says—dusting off a metaphor used a decade ago by its then-president Jean-Claude Trichet. In 2011, the ECB hiked interest rates twice in four months, with Trichet yielding to German pressure despite believing that a commodity-fuelled rise…
ECB’s Weidmann Wants Digital Euro to Start Small
FRANKFURT—A digital euro, currently under design by the European Central Bank, should have a limited role initially as it could disrupt the bank sector and overly extend the role of central banking, Bundesbank President Jens Weidmann said on Tuesday. “A gradual approach might make sense given the risks involved—that means a digital euro with a…
Eurozone Weakness: Much More Than COVID
Commentary If we looked at most investment bank outlook reports for 2021, one of the main consensus themes was a strong conviction of a rapid and robust eurozone recovery. They were wrong. Last week, Capital Economics joined other analysts and downgraded eurozone growth, highlighting: “We now think that the euro-zone economy will recover more slowly…
Yield Curve Control: Another Recipe for Stagnation
Commentary Central banks don’t manage risk, they disguise it. You know you live in a bubble when a small bounce in sovereign bond yields generates an immediate panic reaction from central banks trying to prevent those yields from rising further. It’s particularly evident when the alleged soar in yields comes after years of their having…
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President Biden has just signed the near 2 trillion dollar relief bill. We bring you the details on what tax benefits you can get. Americans go on a mortgage refinancing binge. But what are the risks of using your home as an ATM? Europe’s Central Bank says it will continue with massive money printing until…
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