The ECB’s fragmentation is exacerbated by the resurgence of economic gains as the economy grows

[ad_1]
Proponents of her case have been working to make the actual transcript of this statement available online. Proponents of her case have been working to make the actual transcript of this statement available online.
The “bank” that deposits money with the central bank demands that the asset be repaid in response to the financial analysis and changes in the economy, according to the minutes of last month’s meeting of the ECB. Proponents of her case have been working to make the actual transcript of this statement available online.
As a result, a “big deal” was created to boost the funding provided by its € 1.85tn (PEPP) emergency procurement program, he said in minutes. This means that the issue will be raised at the next meeting later this month, before the election at the next meeting in September.
The ECB raised PEPP’s run to € 80bn in March and remains with € 660bn to spend; PEPP is due until March 2022.
“Given the positive outlook for growth and rising prices and the challenges associated with this, it was… He also said, in order to find a suitable home, real estate needs to be reduced slightly,” he said in minutes.
Some councilors have expressed concern about the possible consequences of obtaining bonds “because they could affect the company’s management and relocation of the economy to the labor market. In addition, high prices are rising fast ”.
Controversy in the ECB has also been playing out in some central banks, some of which have already decided to reduce the flow of bonds, such as in Canada and Australia. Others like the US Federal Reserve are still controversy time to end their stimulation.
The competition has been given a boost and the ECB has announced this week a new way, which achieves a slight rise in prices of 2% that can be temporarily extended to avoid being built at very low prices.
Michael Schubert, an economist at Commerzbank, said the separation of the decision makers meant “an important decision to follow PEPP and other emergency measures could be difficult to implement”.
Speaking at a conference last month, Jens Weidmann, Conservative German chancellor and member of the ECB council, He said buying bonds should be “gradually reduced” and warned of “serious risks” to financial parents.
However, the ECB said in the end “many members have expressed their willingness to comply with the request” made by ECB chief financial officer Philip Lane to continue selling bonds. It also said the finances were “considered too weak” to facilitate the sale of purchases “without wasting waste indiscriminately”.
Recovery is still “very early and powerless,” it said, adding that some council members have expressed concern that the decline in credit when inflation was not expected to meet its target in two years “doubted” its resilience.
A member of the council also said it should increase its supply chain “in view of the expected lower inflation rate in June”.
Last month the ECB predicted that inflation could fall from 1.9% this year to 1.4% in 2023.
[ad_2]
Source link