Commentary The European Central Bank should be hugely concerned about two pieces of news. The euro is on the verge of parity with the U.S. dollar and has accumulated a drop of 17 percent since 2021, more than 35 percent since 2008. On the other hand, inflation in the eurozone reached 8.6 percent in June,…
Into the Abyss?
Commentary “Battle not with monsters, lest ye become a monster, and if you gaze into the abyss, the abyss gazes also into you.”—Friedrich Nietzsche Most analysts are pondering whether the upcoming recession will be mild or a “bit more severe.” I do wonder, however, have my forecasting colleagues truly accounted for all things lurking in…
European Central Bank to Raise Interest Rates in July and September to Fight Inflation
The European Central Bank announced on June 9 an end to its decade-long loose monetary policy with a series of interest rate hikes starting next month to tamp down on high inflation throughout the bloc. The central bank will terminate its previous bond purchasing policy, the Asset Purchase Programme, which was the bank’s main stimulus…
ECB’s Centeno Says Recession Not in ECB’s Scenario Despite Ukraine
LISBON—The European Central Bank does not contemplate a recession in the euro zone in its economic scenario despite the conflict in Ukraine that has exacerbated inflationary pressures, ECB Governing Council member Mario Centeno said on Thursday. He said, however, that the situation was delicate and had to be followed very carefully by policymakers as it…
ECB Must Focus on Underlying Inflation, Villeroy Says
March 23, 2022
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Business & Economyeconomic policieseconomyEuropeEuropean Central BankinflationInternationalMarketsRussia-Ukraine WarVilleroy de GalhauWorld
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PARIS—The European Central Bank (ECB) needs to look beyond short-term swings in energy prices and focus on underlying inflation trends, ECB policymaker Francois Villeroy de Galhau said on Tuesday. Villeroy, who was speaking at a sustainability conference organised by The Economist magazine, said the ECB needed to normalise monetary policy to keep people’s inflation expectations…
ECB Will React to Second-Round Inflation Effects: Handelsblatt
FRANKFURT—The European Central Bank will take action if it sees second-round inflation effects and a de-anchoring of medium-term inflation expectations, European Central Bank Vice President Luis de Guindos told a German newspaper. Earlier this month, the ECB accelerated its exit from unconventional stimulus, and investors have been ramping up their bets on higher ECB rates….
Europe’s Central Bank to Speed up End to Economic Stimulus
March 11, 2022
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Business & Economyeconomic policieseconomyEuropeEuropean Central BankinflationMarketsRussia-Ukraine WarUkraineWorld
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The European Central Bank (ECB) said Thursday that it will make an early exit from its economic stimulus efforts as it combats record inflation that threatens to go ever higher as energy prices soar during Russia’s war in Ukraine. The move was a tough choice because the invasion also has exposed Europe to a potential…
ECB’s Knot Sees First Interest Rate Hike in 4th Quarter of 2022
AMSTERDAM—Klaas Knot, the Dutch central bank president and a member of the European Central Bank’s Governing Council, said on Sunday he expects the ECB to raise interest rates in the fourth quarter of this year. In an interview on Dutch television program Buitenhof, Knot, known as one of the more hawkish members of the ECB’s…
European Central Bank Holds Rates Steady Despite Inflation at Record High
The European Central Bank (ECB) has announced it’s keeping its key interest rate at around the zero bound, maintaining its current plans for a gradual wind-down of stimulus measures, even as eurozone inflation has hit a record high and other major central banks have moved to tighten policy faster in the face of surging prices….
Inflation in Eurozone Spikes to Record High, Driven by Surging Energy Costs
Inflation in the eurozone notched a record high in the year through January, the European Union’s statistical agency reported, delivering an upside surprise to forecasters who predicted a significant easing of price pressures. Prices rose by 5.1 percent in the 12 months through January in the 16 European nations that share the euro currency, according…
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