The president of the European Central Bank (ECB), Christine Lagarde, said that tightening monetary policy now to curb inflation could stifle the recovery of the euro area, and rejected calls and market bets in favor of a more monetary policy. restrictive. With inflation already doubling its 2% target and likely to continue to rise this […]
Tag: ECB
ECB could stop buying bonds in September 2022, according to a member of the Board
The European Central Bank could stop buying bonds from next September if inflation returns sustainably to the official target, said Robert Holzmann, a member of the Governing Council. Introduced in 2015, the bank’s asset purchase program, known as APP for short, was designed to bring consumer price growth back to 2%, according to Holzmann, who […]
The Fed, the ECB and the BoE jump on the express train of “transitory inflation”
The world’s big central banks are in unison rejecting the idea that higher interest rates will be needed to fight the inflationary wave and now tie their monetary policies strictly to the expectation that overburdened global supply chains are about to ease. Thursday, the Bank of England (BoE) joined the Federal Reserve from the United […]
ECB: an interest rate hike in 2022 is “very unlikely”
The president of Banco Central Europeo (ECB), Christine Lagarde, announced that it was “highly unlikely” that the institution would raise its interest rates in 2022, at a time when other large central banks are preparing to tighten monetary policy. Despite the current upturn in inflation in the euro area, the “medium-term inflation outlook remains modest”, […]
Lagarde’s sayings fail to convince of ultra-flexible policy
European Central Bank President Christine Lagarde’s attempt to secure a commitment to ultra-flexible monetary policy was not enough on Thursday as investors kept bets alive that interest rates will rise next year. After submitting an economic evaluation that no longer qualified as “temporal“The rise in inflation, and acknowledging that it will last longer than originally […]
Lagarde stops market bets on ECB rate hikes
The president of the Banco Central European (ECB), Christine Lagarde, rejected market bets that runaway inflation would force a hike upwards of interest rates next year in the euro zone, reaffirming the perception that price pressures will ease by then. As central banks in other regions of the world move toward tighter monetary policy, Lagarde […]