The German ZEW sentiment index on Tuesday painted a dire picture, with the assessment of the current situation now almost as bad as it was at the beginning of the Covid pandemic in spring 2020. ZEW head Achim Wambach said “the hope for a swift improvement in the economic situation is visibly fading.” For Centeno, … Read more
Without the governor’s cooperation, any prospective government would need to change the Bank’s formal remit to enact the policy. Reform’s BoE interventions don’t stop there though. As a result of its quantitative tightening policy, the Bank is currently selling large numbers of assets at a loss. Reform would rather if the Bank waited for them … Read more
Thursday’s decision will mark the first time in over two decades that it will have lowered borrowing costs in response to a classical easing of inflation pressures, rather than a financial catastrophe hitting the currency union. As such, Lagarde, who has often been criticized for lacking central banking expertise, has won a major battle. But … Read more
Press play to listen to this article Voiced by artificial intelligence. FRANKFURT — On the global stage, European Central Bank President Christine Lagarde still exudes the air of an international rockstar of finance, but back home her records just won’t sell. Most participants in a trade union survey of ECB staff, seen by POLITICO, said … Read more
