The ECB Is Fighting the Wrong Kind of Inflation
The European Central Bank has reached an uncomfortable point in the cycle. Inflation is no longer being driven primarily by excessive domestic demand, labour-market overheating...
Tag: Christine Lagarde
Europe Chooses Inflation Over Illusion
The European Central Bank has finally accepted what markets have been slowly discovering for months. The inflation shock is no longer an energy story. It...
The ECB Between Oil, War and the Ghost of Stagflation
The European Central Bank has not raised rates yet. But it has opened the door. At its latest meeting, the ECB kept the deposit rate...
ECB, Waiting in the Smoke
The European Central Bank is edging towards caution rather than conviction. For now, the instinct in Frankfurt is to leave rates unchanged later this month...
The ECB’s Next Move May Be a Rate Hike
The European Central Bank has not raised rates. Not yet. But the fact that such a possibility is now openly circulating inside Frankfurt tells its...
ECB: When the Guardian Wavers
Central banks are built on two pillars: credibility and continuity. Remove either, and the structure trembles. Inside the European Central Bank, tremors are now perceptible....
The ECB’s 2% Illusion
Consumer prices rose 2.2% in November compared with a year earlier, up from 2.1% in October and slightly above the median forecast of economists surveyed...
ECB Holds Its Nerve as Inflation Nears Target and the Economy Refuses to Die
The European Central Bank left interest rates unchanged for a third consecutive meeting, with inflation conveniently hovering around 2 per cent and the eurozone economy...
The Euro Rallie and the ECB Quietly Panics
European Central Bank officials are beginning—reluctantly—to voice concern that the euro’s rapid appreciation may well derail their carefully choreographed attempt to anchor inflation at that...