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Schnabel: Interview with NRC Handelsblad
Are you satisfied with the solution that has now been found in the issue surrounding the ruling by the German Federal Constitutional Court? Yes, we find this solution satisfactory, particularly as the ECB’s independence has not been impaired. We took a constructive attitude. We do not fall under the jurisdiction of the German Federal Constitutional Court, but we didn’t want to let the situation escalate. You say that the independence of the ECB has not been impaired. But the accounts of the meeting of 4 June contain a lengthy discussion about the proportionality of the asset purchases. Was this not a reaction to ... (full story)
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ECB'S SCHNABEL: IN RECENT WEEKS SOME CONFIDENCE INDICATORS HAVE COME IN POSITIVE, WHICH SUGGESTS THAT THE RECESSION COULD TURN OUT SOMEWHAT MILDER THAN EXPECTED. OVERALL WE ARE IN THE RANGE OF OUR BASELINE SCENARIO.
— Breaking Market News (@financialjuice) July 7, 2020
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ECB'S SCHNABEL: RECESSION COULD BE MILDER THAN EXPECTED
— Cable FX Macro (@cablefxmacro) July 7, 2020