The ECB new strategy
The ECB is changing course. With its interest rate hike scheduled for 21 July, the ECB is putting an end to a long period of very low and stable interest…
Philippe Waechter's blog
Inflation risk wins over investors
Twenty days after the invasion of Ukraine by Russia, the risk of inflation takes precedence over the risk of slowing activity in the perception of investors.At her press conference, Christine…
Russian aggression on Ukraine – Stagflation in Europe and the impact of sanctions
The stagflation risk in Europe In Western countries, there is renewed risk of stagflation. Uncertainty related to the conflict could lead to delayed investment or consumption expenditures weighing on the…
2 remarks on Monetary Policy
The Bank of England raised its benchmark interest rate by 25 basis points to 0.5%. The trend is still bullish for the next meeting since 4 members of the monetary…
Central banks that adapt but do not create movement
At the central bank meetings this week, the change in tone and the measures announced have essentially reflected the end of macroeconomic catching-up. GDP has converged to a level equivalent…
Inflation – Have central banks lost control?
Central bankers are meeting this week. The Fed will give its verdict on Wednesday while the ECB and Bank of England speak on Thursday.This series of meetings comes as inflation…
From Yesterday to Today – October 15 – Public debt – A new problem
Public debt would be at its highest in 2021, higher than at the end of World War II. Growth will not make it possible to reduce the ratio of public…
Paul Volcker, a victim of his own success
Paul Volcker blazed a trail as he waged the war on inflation, and shaped the financial landscape over the past 40 years. His passing at the age of 92 signals…