ECB (European Central Bank)

ECB must future-proof monetary policy, Net-zero central banking gathers momentum, and more

ECB must future-proof monetary policy, Net-zero central banking gathers momentum, and more

THE WEEKEND REVIEW – OMFIF

Latest opinion and analysis from OMFIF around the world

12-16 April 2021, Vol.12 Ed.15

Most-Read Commentary

ECB must future-proof monetary policy: Later this year, the European Central Bank will conclude its first strategy review since 2003. The ECB needs to future-proof itself and ensure its monetary policy framework can deliver for the currency union over the coming decades. But...

https://allaboutshipping.co.uk/2021/04/17/ecb-must-future-proof-monetary-policy-net-zero-central-banking-gathers-momentum-and-more/

ECB must future-proof monetary policy, Money market regulation one year on from Covid-19

Wednesday 14 April 2021 – Vol.12 Ed.15.3

Commentary: ECB must future-proof monetary policy

By Hani Kablawi in London

Later this year, the European Central Bank will conclude its first strategy review since 2003. The ECB needs to future-proof itself and ensure its monetary policy framework can deliver for the currency union over the coming decades. But even if life can approach something close to ‘normal’ by the end of the year, in a monetary policy context, it is hardly the kind of normality which...

https://allaboutshipping.co.uk/2021/04/14/ecb-must-future-proof-monetary-policy-money-market-regulation-one-year-on-from-covid-19/

Germany’s Greens to benefit from CDU/CSU woes, How long will the great reflation trade last?

Germany’s Greens to benefit from CDU/CSU woes, How long will the great reflation trade last?

Tuesday 13 April 2021 – Vol.12 Ed.15.2

Commentary: Germany’s Greens to benefit from CDU/CSU woes
By David Marsh in London

Germany’s Green party seems likely to benefit most from squabbling over Chancellor Angela Merkel’s succession among ruling conservative parties – with far-reaching consequences for Europe, including the European Central Bank’s monetary and climate policies. The Greens, running...

https://allaboutshipping.co.uk/2021/04/13/germanys-greens-to-benefit-from-cdu-csu-woes-how-long-will-the-great-reflation-trade-last/

ECB needs to rethink market neutrality, Sustainable Policy Institute, April 2021

ECB needs to rethink market neutrality, Sustainable Policy Institute, April 2021

Wednesday 7 April 2021 – Vol.12 Ed.14.2

Commentary: ECB needs to rethink market neutrality

By Olaf Sleijpen in Amsterdam

The European Central Bank applies the concept of market neutrality in its purchase programmes. However, market neutrality in the form of a market capitalisation weighted benchmark – as used in the ECB’s corporate sector purchase programmes – may not be appropriate. Market failures that distort...

https://allaboutshipping.co.uk/2021/04/07/ecb-needs-to-rethink-market-neutrality-sustainable-policy-institute-april-2021/

ECB deploys holistic toolkit to tackle trilemma, France backs looser EU debt rules

ECB deploys holistic toolkit to tackle trilemma, France backs looser EU debt rules

Wednesday 31 March 2021 – Vol.12 Ed.13.3

Commentary: ECB deploys holistic toolkit to tackle trilemma

By Agnès Belaisch and Matteo Cominetta

Not unlike other central banks, the European Central Bank faces a difficult trilemma. Normalising interest rates, ensuring financial market stability and preserving the independence of its policy feels like an impossible trinity. Some see the adoption of yield curve control as...

https://allaboutshipping.co.uk/2021/03/31/ecb-deploys-holistic-toolkit-to-tackle-trilemma-france-backs-looser-eu-debt-rules/

ECB brushes aside legal action over emergency easing, GBI report reveals stalling diversity drive, and more

ECB brushes aside legal action over emergency easing, GBI report reveals stalling diversity drive, and more

THE WEEKEND REVIEW  – OMFIF

Latest opinion and analysis from OMFIF around the world
8-12 March 2021, Vol.12 Ed.10
Most-Read Commentary
ECB brushes aside legal action over emergency easing: The European Central Bank is brushing aside fresh legal action against its emergency bond purchase programme, promising more bond market support to withstand yield increases stemming mainly from US...

https://allaboutshipping.co.uk/2021/03/13/ecb-brushes-aside-legal-action-over-emergency-easing-gbi-report-reveals-stalling-diversity-drive-and-more/

Green push puts CBDCs centre stage, ECB brushes aside fresh legal action

Green push puts CBDCs centre stage, ECB brushes aside fresh legal action

Friday 12 March 2021 – Vol.12 Ed.10.5

Commentary: Green push puts CBDCs centre stage

By Gary Smith in London

Bitcoin’s sharp rise and the continued demand for green investment products form two of the major investment stories shaping early 2021. They are odd bedfellows. Bitcoin is the largest cryptocurrency, but has the poorest green credentials. Bitcoin miners need to demonstrate proof of work to earn their newly minted coin....

https://allaboutshipping.co.uk/2021/03/12/green-push-puts-cbdcs-centre-stage-ecb-brushes-aside-fresh-legal-action/

GLOBAL & REGIONAL DAILY (Thursday 11 March, 2021)

GLOBAL & REGIONAL DAILY (Thursday 11 March, 2021)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

March 11 2021

Global Markets

Risk-on sentiment prevailed earlier today supported by lower UST yields and y-day’s US CPI data, which showed a modest decline in underlying inflation. Focus today is on the ECB policy meeting and the updated macroeconomic forecasts.

Greece

The PM Kyriakos Mitsotakis announced earlier today a new package of support measures to pandemic-hit businesses, freelancers and workers, mobilizing...

https://allaboutshipping.co.uk/2021/03/11/global-regional-daily-thursday-11-march-2021/

Transparency trade-off for central bank independence , UK’s future trade relationships

Transparency trade-off for central bank independence , UK’s future trade relationships

Monday 22 February 2021 – Vol.12 Ed.8.1

Commentary: Transparency trade-off

By Miroslav Singer in Prague

Politicians can take away central banks’ independence. There are three reasons why they might do so: if central banks produce either inflation or deflation, or it they become embroiled in fights between monetary and fiscal policy-makers. For the ECB, the first two scenarios are unlikely. The third one is a...

https://allaboutshipping.co.uk/2021/02/22/transparency-trade-off-for-central-bank-independence-uks-future-trade-relationships/

ECB market neutrality crumbling, Strategy review and monetary policy

ECB market neutrality crumbling, Strategy review and monetary policy

Wednesday 17 February 2021 – Vol.12 Ed.7.3

Commentary: ECB market neutrality crumbling

By Danae Kyriakopoulou in Madrid

Market neutrality, the principle holding the fort of conservatism against European Central Bank climate action, is beginning to crumble. Over the past few days, more central bankers across the Eurosystem have publicly questioned it for the first time. But there is still a long way to consensus. The debate around...

https://allaboutshipping.co.uk/2021/02/17/ecb-market-neutrality-crumbling-strategy-review-and-monetary-policy/

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