The President of the European Central Bank (ECB), Christine Lagarde, made a video call before the European Parliament’s Committee on Economic and Monetary Affairs, which said that high inflation would be in the eurozone for “some time to come”. But experts were mainly waiting for her comments on the tightening of monetary policy. However, she … Read more
Inflation in the eurozone rose to five percent in December, the highest level since the introduction of the single European currency, the euro twenty years ago. This was announced by Eurostat, the European Statistical Office, in a quick estimate. – Energy and food prices rose in particular. In the first case, statisticians report growth of … Read more
Consumers more expensive, savers impoverished, companies less competitive – – Halloween may be behind us, but the inflation specter is still lurking. Compared to a year ago, life is no less than 5 percent more expensive. Consumers notice it in their household budget, savers are becoming impoverished and companies fear for their competitiveness, because inflation … Read more
The ECB takes its foot off the accelerator. The money press will run slightly slower than in the previous two quarters. – Bond purchases under the PEPP pandemic relief program will now proceed at a ‘moderately slower’ pace. The European Central Bank (ECB) announced this today. The eurozone economy can manage with slightly less monetary … Read more
In the US, inflation is suddenly rising sharply and fears of rising prices are also growing in Europe. How did that happen? Is this temporary or structural? And what are the risks? – An old saying goes that investors can sleep peacefully when central bankers panic, because then they will certainly ensure that inflation does … Read more
opinion Public finance The all-powerful insurance state can create money for everyone and everyone – – Stand: 12:16 p.m. | Reading time: 4 minutes – – – The European Central Bank has actually taken over the financing of the states, says economist Thomas Mayer Source: Getty Images / Ed Pritchard, Thomas Mayer Marc Comes / … Read more
The European Central Bank (ECB) is putting more pressure on major international banks to come up with plans to ensure that their operations in the European Union can operate profitably and operationally independently after the Brexit transition period. That writes the British business newspaper Financial Times. – The transition period following Britain’s departure from the … Read more
money ECB director Isabel Schnabel “The additional losses of savers are negligible” – – Status: 7:36 p.m. | Reading time: 2 minutes – – – Isabel Schnabel is the director of the European Central Bank Source: pa / dpa / Bernd von Jutrczenka – – German director of the European Central Bank, Isabel Schnabel, defends … Read more
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Will there be a breakthrough in the conflict between Germany’s highest judges and the European Central Bank? In early May, the German Constitutional Court caused a minor earthquake in the euro zone. The Council judged that the ECB acts unlawfully by buying government bonds in bulk, without properly explaining why this is ‘proportional’. The ECB … Read more
Money 13 billion The ECB is making banks an historic negative interest-gift – – Status: 18.06.2020 | Reading Time: 3 Minutes – – – – ECB grants new loans in the amount of 1.31 trillion euros – – The European Central Bank has provided banks in the Euro area in the Corona-crisis loans in the … Read more