The February ECB meeting marked the beginning of a clear hawkish shift in the ECB’s policy outlook. Although the policy stance was left unchanged,...
Eurozone | Banks dodge Covid bullet, but vulnerabilities remain
Posted by Ricardo Amaro on Feb 1, 2022
The banking sector has proved resilient during the pandemic, and eurozone banks will continue to play a significant role supporting the near-term...
Eurozone | ECB Watch – inflation risks will dominate ECB meeting
Posted by Oliver Rakau on Jan 31, 2022
Inflation prospects will again dominate the upcoming ECB meeting. We do not expect any clear policy signals or decisions given that the council made...
Eurozone | Energy tensions will keep inflation high
Posted by Angel Talavera on Jan 28, 2022
Tensions between Russia and Ukraine continue to put pressure on energyprices, which remain at extremely high levels. Barring a quick resolution of...
Eurozone weekly economic briefing | High inflation keeps fuelling debates
Posted by Daniela Ordonez on Jan 21, 2022
With eurozone inflation confirmed at a record-high of 5.0% y/y in December, the debate over how long upward price pressures will continue returned to...
Eurozone | Council worried about a risk of higher medium-run inflation
Posted by Mateusz Urban on Jan 21, 2022
The release of the ECB December meeting minutes confirmed that inflation remained at the forefront of the Governing Council’s discussions last month....
Eurozone weekly economic briefing | Omicron threat looms large for Europe’s outlook
Posted by Angel Talavera on Dec 17, 2021
The spread of Omicron across Europe will probably see a surge in infections over the coming weeks that could surpass all previous waves. Although...
Eurozone | ECB tapers PEPP purchases but retains flexibility
Posted by Oliver Rakau on Dec 17, 2021
The ECB took significant steps to tighten its highly accommodative policy stance over the course of 2022 on the back of upwardly revised growth and...
Eurozone | ECB will aim to retain optionality given high uncertainty
Posted by Oliver Rakau on Dec 13, 2021
It appears to be a forgone conclusion that the ECB council will agree to end its Pandemic Emergency Purchase Programme (PEPP) at its upcoming...
Eurozone | Macron sets EU aims amid Omicron risks
Posted by Daniela Ordonez on Dec 10, 2021
The health situation is deteriorating across Europe, prompting strongercontainment measures. Beyond the direct impact that renewed restrictions will...