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DIRECTOR OF ECONOMIC RESEARCH, OSTRUM AM

A dynamic and cyclical approach to the global economy

  • 32 views

A somewhat empty framework for the ECB’s monetary policy

  • 25 September 2024
  • Eurozone

Philippe Waechter

During the Michel Camdessus Conference held at the IMF on September 20, Christine Lagarde returned to the mechanisms of transmission of monetary policy in a troubled period.The message is that…

READ
  • Climate Change
  • ECB
  • Inflation
  • 32 views

The Wage Momentum in the Eurozone

  • 19 October 2023
  • Euro Area

Philippe Waechter

Wage dynamics are changing within the Eurozone. In September, the increase in the salary rate, as measured by the job search site Indeed, was only 3.6% compared to 5.1% at the…

READ
  • ECB
  • Inflation
  • Monetary Policy
  • Wage rate
  • 31 views

Inflation slows sharply in the euro area in September

  • 29 September 2023
  • Euro Area

Philippe Waechter

The inflation rate in the euro area stood at 4.3% in September compared to 5.3% in August. This is the lowest figure since October 2021. The underlying inflation rate was 4.55% compared to 5.3%…

READ
  • ECB
  • Energy price
  • Inflation
  • Wages
  • 70 views

Keys of the week – 30 January 2023

  • 30 January 2023
  • News & Chronicles

Philippe Waechter

Understand the macroeconomic events of the past week.The revival of the European cycle in spite of German fragility. The robustness of the French economy but a concern about real estate.…

READ
  • Business Cycle
  • ECB
  • Euro Area
  • Federal Reserve
  • Inflation
  • Monetary Policy
  • SP Global
  • Spain
  • USA
  • 140 views

Should the ECB become aggressive?

  • 9 February 2022
  • Euro Area

Philippe Waechter

The ECB, after Christine Lagarde’s remarks at the February 3 press conference, is following in the footsteps of the Fed. Like the US central bank, the ECB has changed its…

READ
  • ECB
  • Energy price
  • Federal Reserve
  • Inflation
  • 60 views

January 2022 inflation invalidates a restrictive ECB monetary policy bias

  • 2 February 2022
  • Euro Area

Philippe Waechter

The day before the ECB meeting, the January 2022 inflation figure sheds light on the question of monetary policy. Should it be a little restrictive or should it maintain the…

READ
  • ECB
  • Inflation
  • 74 views

Eurozone – Inflation will be above 3% in 2022

  • 7 January 2022
  • Euro Area

Philippe Waechter

Inflation stood at 5% in December and at 2.6% on average over the year 2021. The core inflation rate is at 2.6% over one year and at 1.5% on average.A…

READ
  • ECB
  • Energy price
  • inflation rate
  • 17 views

Central banks that adapt but do not create movement

  • 17 December 2021
  • Monetary Policy

Philippe Waechter

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…

READ
  • Bank of England
  • Central Banks
  • ECB
  • Federal Reserve
  • Inflation
  • Interest Rates
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