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ECB’s Rehn: Economic Rebound Weaker Than Expected
ECB’s Rehn: Economic Rebound Weaker Than Expected
— LiveSquawk (@LiveSquawk) October 16, 2020
- Shape Of Recovery Looks Like 'Truncated Square Root'
- Inflation Risks Are On The Downside
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ECB could live with some inflation overshoot to help employment - Olli Rehn
The European Central Bank should follow the U.S. Federal Reserve in putting more emphasis on welfare when it’s setting policy, even if that would mean inflation exceeded its target temporarily, ECB Governing Council member Olli Rehn said. The Fed said recently it would let the jobs market run hotter in the future to help lower-income families, an unusual foray into social policy that has historically been off-limits to central banks. But Rehn argued that the new economic realities guiding the Fed also applied to Europe. Low unemployment no longer comes at the cost of rapid inflation, so central banks can afford to ... (full story)
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From @LiveSquawk|Oct 16, 2020tweet at 4:46am: ECB’s Visco: Won’t Be Back To Pre-Covid Situation For A Couple Of Years - BBG TV tweet at 4:47am: ECB’s Visco: Have To Avoid Too Early Withdrawal Of Policy tweet at 4:49am: ECB’s Visco: Seeing Better Q3 Italian Data Than Expected tweet at 4:51am: ECB’s Visco: Fiscal. Monetary Policies Have To Remain Accommodative
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From @LiveSquawk|Oct 16, 2020tweet at 3:54am: ECB’s Makhlouf: Evidence Not Changed GC Needs To Make New Decisions - Nothing Off The Table, Have Pretty Big Toolkit - Rate Cut Not Best Tool To Use In Current Circumstances
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From bnnbloomberg.ca|Oct 16, 2020|2 commentsWorld Bank Chief Economist Carmen Reinhart said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging. ...
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From ec.europa.eu|Oct 16, 2020In August 2020, COVID-19 continued to have a significant impact on international trade in goods. The first estimate for euro area exports of goods to the rest of the world in ...
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From ec.europa.eu|Oct 16, 2020The euro area annual inflation rate was -0.3% in September 2020, down from -0.2% in August. A year earlier, the rate was 0.8%. European Union annual inflation was 0.3% in ...
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From istat.it|Oct 16, 2020In August 2020 seasonally-adjusted data, compared to July 2020, rose by +3.3% for outgoing flows and by +5.1% for incoming flows. Exports grew for both EU countries (+5.3%) and ...
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- Posted: Oct 16, 2020 4:54am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 1,363
