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Category: ECB

Christine Lagarde Will Keep Buying Assets. Do As You Will, Mortals

April 22, 2021April 22, 2021

I suppose this goes without saying, but the ECB “reconfirmed” its ultra-accommodative policy stance Thursday,

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2 Comments on Christine Lagarde Will Keep Buying Assets. Do As You Will, Mortals

Amid Vigilante Attack, ECB Will Buy At ‘Significantly Higher Pace’

March 11, 2021March 14, 2021

The ECB is dealing with the same dilemma as the Fed, the RBA, the BoJ,

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1 Comment on Amid Vigilante Attack, ECB Will Buy At ‘Significantly Higher Pace’

Give Up, Barbarian. I’ve Got A Printing Press.

March 2, 2021March 3, 2021

I’d be remiss not to point out how explicit the language from central banks is

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5 Comments on Give Up, Barbarian. I’ve Got A Printing Press.

ECB Confronts ‘Revelation’ Of Spread Targeting ‘Policy’ Amid Pandemic Response

January 21, 2021January 21, 2021

The ECB came into its first meeting of 2021 under the shadow of renewed lockdowns

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5 Comments on ECB Confronts ‘Revelation’ Of Spread Targeting ‘Policy’ Amid Pandemic Response

ECB ‘Recalibrates’ Easing Measures. Ups Pandemic QE Program To €1.85 Trillion

December 10, 2020December 10, 2020

As expected, the ECB topped up its emergency pandemic QE program (PEPP), adding €500 billion

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Italian Official Has An Idea For The ECB: Just Cancel The Bonds You Bought

November 26, 2020November 29, 2020

In comments that are sure to rankle critics of the current policy conjuncture that finds

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5 Comments on Italian Official Has An Idea For The ECB: Just Cancel The Bonds You Bought

Lagarde, ECB Confront Double-Dip Recession As Europe Plunges Back Into Lockdown

October 29, 2020October 29, 2020

While explaining France’s new coronavirus lockdowns, Emmanuel Macron was unequivocal in dispelling the notion that there

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Let Her Run: ECB Throws Caution To Wind With Laissez-Faire Approach To Surging Euro

September 10, 2020September 10, 2020

Anyone who went into the September ECB meeting thinking Christine Lagarde would jawbone the euro

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6 Comments on Let Her Run: ECB Throws Caution To Wind With Laissez-Faire Approach To Surging Euro

Christine Lagarde Confronts Deflation, Surging Currency At Virus Crossroads

September 10, 2020September 10, 2020

Even as no formal policy changes were in the cards, it probably isn’t accurate to

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ECB Prays For Fiscal Help As Decision Nears On Europe’s €750 Billion Recovery Fund

July 16, 2020July 16, 2020

The ECB kept everything unchanged at its July meeting, as European leaders attempt to hammer

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SpongeBob SquareBanks.

July 4, 2020July 4, 2020

How much duration supply will the central bank sponge soak up?

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1 Comment on SpongeBob SquareBanks.

ECB Adds €600 Billion To Pandemic QE Facility, Bringing Firepower To €1.35 Trillion

June 4, 2020June 4, 2020

The bazooka gets larger.

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Is ECB QE Illegal? Asking For Germany

May 5, 2020

“The Bundesbank may thus no longer participate…”

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ECB Launches New Pandemic-Specific Liquidity Backstops. Says ‘Fully Prepared’ To Increase Asset Purchases

April 30, 2020April 30, 2020

A Herculean task.

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1 Comment on ECB Launches New Pandemic-Specific Liquidity Backstops. Says ‘Fully Prepared’ To Increase Asset Purchases

Bazooka Show.

April 26, 2020April 27, 2020

If you’re in the camp that is genuinely offended by monetary largesse, this is going to a rough six months for your sanity.

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2 Comments on Bazooka Show.

Not Even Mass Death Can Forge A Fiscal Union In Europe

April 8, 2020April 8, 2020

Even a pandemic can’t heal old divisions.

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6 Comments on Not Even Mass Death Can Forge A Fiscal Union In Europe

‘Nuclear’ Stimulus Bombs, No Entry To China And The Dow’s New ‘Bull Market’

March 26, 2020March 26, 2020

“It’s not even a bazooka”, Jones went on to say. “It’s more like a nuclear bomb”.

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4 Comments on ‘Nuclear’ Stimulus Bombs, No Entry To China And The Dow’s New ‘Bull Market’

Just ‘Trying To Go Up’.

March 26, 2020March 26, 2020

“Markets are all over the place at the moment – and currently trying to go up”.

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COVID Carte Blanche: Political Opposition To Trillion-Dollar Stimulus Crumbles In Pandemic

March 21, 2020March 22, 2020

“Certainly the rapidity of the collapse in markets and the unfolding economic slump has accelerated the policy response”.

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4 Comments on COVID Carte Blanche: Political Opposition To Trillion-Dollar Stimulus Crumbles In Pandemic

ECB Launches New €750 Billion ‘Pandemic Emergency Purchase Program’. Says ‘Won’t Tolerate’ Virus Anymore

March 18, 2020March 19, 2020

“The Governing Council will do everything necessary.”

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4 Comments on ECB Launches New €750 Billion ‘Pandemic Emergency Purchase Program’. Says ‘Won’t Tolerate’ Virus Anymore

ECB Expands QE By €120 Billion, Announces New Liquidity Measures, Relaxes Capital Ratios, Leaves Rates Unchanged

March 12, 2020March 12, 2020

Lagarde is credible. It’s just not clear whether she’s credible as a central banker. We’re about to find out.

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3 Comments on ECB Expands QE By €120 Billion, Announces New Liquidity Measures, Relaxes Capital Ratios, Leaves Rates Unchanged

Christine Lagarde Has 2008 Déjà Vu (Mrs. Lancaster)

March 11, 2020March 11, 2020

Good luck, Christine – you’re gonna need it.

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2 Comments on Christine Lagarde Has 2008 Déjà Vu (Mrs. Lancaster)

Europe’s ‘Miserable’ Industrial Recession Deepened In December

February 12, 2020

How’s that austerity workin’ out for you?

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3 Comments on Europe’s ‘Miserable’ Industrial Recession Deepened In December

Markets Look To Lagarde For ECB Strategy Review Details As Japanification Sets In

January 23, 2020January 23, 2020

Mitigating ‘Japanification’ is all that matters now.

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Euro-Area Inflation Rises Most In 8 Months Just In Time For World War III To Push Oil Prices To $800

January 7, 2020

We jest. Hopefully.

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Christine Lagarde Is A ‘Wise Owl’, Isn’t Sure Who (Or What) You Are.

December 12, 2019December 14, 2019

A decent debut, complete with a memorable quote.

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2 Comments on Christine Lagarde Is A ‘Wise Owl’, Isn’t Sure Who (Or What) You Are.

Lagarde Era Begins At ECB

December 12, 2019December 14, 2019

Stepping out of the shadow.

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