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…
Inflation is accelerating in the Eurozone, it’s not over
The inflation rate in the Euro zone stood at 5.8% in February 2022 against 5.1% in January.The underlying inflation rate stood at 2.7% against 2.3% the previous month.The inflation overhang…
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…
Should the ECB become aggressive?
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…
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…
January 2022 inflation invalidates a restrictive ECB monetary policy bias
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…
The Federal Reserve takes over
At its January 25-26 meeting, the US central bank confirmed that it would raise interest rates as of its mid-March meeting. Above all, it indicated that very soon after it…