"Whatever it takes" Five years later
Five years ago, Mario Draghi made remarks in London that have changed the world. When he spoke in London on July the 26th 2012, the Euro area was in its…
Philippe Waechter's blog
The ECB hasn't changed its mind on its monetary policy
The ECB remains committed for an extended period to a very accommodative monetary policy stance. There is no strategic change in the ECB economic diagnosis on the Euro Area. The…
Political watershed at the heart of Eurozone growth
The euro area is looking like a haven of stability these days. The election of Emmanuel Macron and his strong relationship with Angela Merkel have driven expectations that the economy…
United Kingdom – Weak domestic demand and higher rates from the Bank of England – A recipe for a recession?
Negotiations on Brexit may lead to a negative and persistent shock in the United Kingdom as it will deeply change rules for the external trade. Therefore there is a need…
The Chinese bond market opens
Co-authored with Zouhoure Bousbih The Chinese bond market is becoming more international and opening up to foreign investors. Coinciding with the 20th anniversary of the handover of Hong Kong to…
It’s all up in the air with central banks
Have the central banks become sources of confusion for investors? We may well think so after comments by the president of the European Central Bank Mario Draghi, and the governor…
Euro Area – Robust Momentum in the Manufacturing Sector (June 2017)
Strong profiles for Markit indices for the manufacturing sector in the Euro Area. This reinforces growth prospects for the region. All countries are growing even Greece for which the index…