Pandemic emergency purchase programme (PEPP)
- 19/10/2020
- Yves Mersch: The ECB’s monetary policy amid the pandemicIntroductory remarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the MNI Connect Roundtable
- 19/10/2020
- Christine Lagarde: Interview with Le MondeInterview with Christine Lagarde, President of the ECB, conducted by Marie Charrel and Eric Albert and published on 19 October 2020
- 17/10/2020
- Fabio Panetta: Interview with KathimeriniInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Eirini Chrysolora and published on 17 October 2020
- 15/10/2020
- Christine Lagarde: IMFC StatementStatement by Christine Lagarde, President of the ECB, at the forty-second meeting of the International Monetary and Financial Committee
- 08/10/2020
- Yves Mersch: European economic governance: early lessons from the crisis Keynote speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Conference “The Werner Report, 50 Years on”, organised by the Luxembourg Centre for Contemporary and Digital History in cooperation with EUI Florence
- 06/10/2020
- Philip R. Lane: The ECB’s monetary policy in the pandemic: meeting the challengeSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the 62nd NABE Annual Meeting “Global Reset? Economics, Business, and Policy in the Pandemic”
- 01/10/2020
- Luis de Guindos: Interview with Market News InternationalInterview with Luis de Guindos, Vice-President of the ECB, conducted by Luke Heighton on 29 September 2020
- 28/09/2020
- Christine Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European ParliamentIntroductory statement by Christine Lagarde, President of the ECB, at the ECON Committee of the European Parliament (by videoconference)
- 23/09/2020
- Yves Mersch: Interview with BloombergInterview with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Paul Gordon and Carolynn Look
- 22/09/2020
- Fabio Panetta: Asymmetric risks, asymmetric reaction: monetary policy in the pandemic Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the ECB Money Market Contact Group
- 22/09/2020
- ECB to accept sustainability-linked bonds as collateral
- 21/09/2020
- Christine Lagarde: Jointly shaping Europe’s tomorrow Introductory remarks by Christine Lagarde, President of the ECB, at the Franco-German Parliamentary Assembly, 21 September 2020
- 20/09/2020
- Luis de Guindos: Interview with La RazónInterview with Luis de Guindos, Vice-President of the ECB, conducted by Jesús Rivasés on 14 September 2020
- 18/09/2020
- Isabel Schnabel: Unequal scars – distributional consequences of the pandemicSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the panel discussion “Verteilung der Lasten der Pandemie” (“Sharing the burden of the pandemic”), Deutscher Juristentag 2020
- 15/09/2020
- Fabio Panetta: Healing after the pandemic: supporting and sustaining the recoverySpeech by Fabio Panetta, Member of the Executive Board of the ECB, at the 24th Economist Roundtable with the Government of Greece
- 13/09/2020
- Christine Lagarde: Remarks at the Annual Meeting of the Council of Governors of the Arab Central Banks and Monetary AuthoritiesContribution by Christine Lagarde, President of the ECB during the session “Economic, financial and monetary impact of COVID-19 pandemic, and post-crisis options for policies and tools”
- 11/09/2020
- Isabel Schnabel: The shadow of fiscal dominance: Misconceptions, perceptions and perspectives Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Centre for European Reform and the Eurofi Financial Forum on “Is the current ECB monetary policy doing more harm than good and what are the alternatives?”
- 11/09/2020
- Philip R. Lane: The outlook for the euro areaBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
Our current measures are providing crucial support to the economic recovery in the euro area, writes Chief Economist Philip R. Lane. But there is no room for complacency as inflation remains far below the aim and risks continue to be tilted to the downside.
- 10/09/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 September 2020EnglishOTHER LANGUAGES (22) +
- 10/09/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 31/08/2020
- Isabel Schnabel: Interview with ReutersInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Balazs Koranyi and Frank Siebelt on 28 August 2020 and published on 31 August 2020
- 27/08/2020
- Philip R. Lane: The pandemic emergency: the three challenges for the ECBSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Jackson Hole Economic Policy Symposium, Federal Reserve Bank of Kansas City “Navigating the Decade Ahead: Implications for Monetary Policy”
- 04/08/2020
- Philip R. Lane: The macroeconomic impact of the pandemic and the policy responseBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
While there has been some rebound in economic activity, the level of economic slack remains extraordinarily high and the outlook highly uncertain, writes Chief Economist Philip R. Lane. Progress in containing the virus will be central in determining the size and speed of the recovery.
- 31/07/2020
- Christine Lagarde: Interview with Le Courrier CauchoisInterview with Christine Lagarde, conducted by Dominique Lecoq and Marc Aubault on 29 July and published on 31 July
- 27/07/2020
- Fabio Panetta: Interview with La RepubblicaInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Tonia Mastrobuoni and published on 27 July 2020
- 26/07/2020
- Luis de Guindos: Interview with El IndependienteInterview with Luis de Guindos, Vice-President of the ECB, conducted by Casimiro García Abadillo on 21 July 2020 and published on 26 July 2020
- 23/07/2020
- Christine Lagarde: Europe’s response to the crisisBlog post by Christine Lagarde, President of the ECB
Summary
Learning the lessons of the past, Europe has moved towards a new model for dealing with crises, writes President Christine Lagarde in The ECB Blog. We have shown that we can act quickly, adapt our institutions and lay the groundwork for forging a new Europe.
- 22/07/2020
- Luis de Guindos: Building the Financial System of the 21st CenturySpeech by Luis de Guindos, Vice-President of the ECB, at the 18th annual symposium on “Building the Financial System of the 21st Century: an Agenda for Europe and the United States” organised by the Program on International Financial Systems and Harvard Law School (by videoconference)
- 21/07/2020
- Isabel Schnabel: Interview with ExpansiónInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Andrés Stumpf on 16 July and published on 21 July 2020
- 17/07/2020
- Isabel Schnabel: Never waste a crisis: COVID-19, climate change and monetary policySpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at a virtual roundtable on “Sustainable Crisis Responses in Europe” organised by the INSPIRE research network, 17 July 2020
- 16/07/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 16 July 2020EnglishOTHER LANGUAGES (22) +
- 16/07/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 08/07/2020
- Christine Lagarde: Interview with Financial TimesVideo interview with Christine Lagarde, President of the ECB, conducted by Roula Khalaf on 7 July 2020 and posted on 8 July 2020
- 07/07/2020
- Isabel Schnabel: Interview with NRC HandelsbladInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Mark Beunderman on 1 July 2020
- 01/07/2020
- Philip R. Lane: Interview with Reuters news agencyInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balázs Korányi, Francesco Canepa and Frank Siebelt
- 01/07/2020
- Fabio Panetta: The price of uncertainty and uncertainty about prices: monetary policy in the post-COVID-19 economy Keynote speech by Fabio Panetta at a Capital Markets webinar organised by the European Investment Bank and the European Stability Mechanism
- 01/07/2020
- Luis de Guindos: Interview with La StampaInterview with Luis de Guindos, Vice-President of the ECB, conducted by Marco Zatterin on 26 June 2020 and published on 1 July 2020
- 28/06/2020
- Isabel Schnabel: Necessary, suitable and proportionateBlog post by Isabel Schnabel, Member of the Executive Board of the ECB, in Welt am Sonntag
Summary
Our crisis measures respond to the worst economic crisis in the post-war period, says Executive Board member Isabel Schnabel. They are necessary, suitable and proportionate and benefit all European citizens.
- 27/06/2020
- Isabel Schnabel: The ECB’s monetary policy during the coronavirus crisis – necessary, suitable and proportionateSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Petersberger Sommerdialog, 27 June 2020
- 25/06/2020
- Yves Mersch: The World Economy TransformedRemarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Reinventing Bretton Woods Committee Webinar Series
- 25/06/2020
- Isabel Schnabel: The ECB's policy response to the COVID-19 crisisInformal welcome remarks by Isabel Schnabel, Member of the Executive Board of the ECB, at the Bond Market Contact Group
- 24/06/2020
- Philip R. Lane: The ECB’s monetary policy response to the pandemic: liquidity, stabilisation and supporting the recoverySpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Financial Center Breakfast Webinar organised by Frankfurt Main Finance
- 22/06/2020
- Philip R. Lane: The market stabilisation role of the pandemic emergency purchase programmeBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
Evidence shows that the policies adopted by the ECB in mid-March, including the pandemic emergency purchase programme (PEPP) and other liquidity-easing measures, have contributed to stabilising markets, writes Chief Economist Philip R. Lane.
- 22/06/2020
- Luis de Guindos: Financial stability and the pandemic crisisSpeech by Luis de Guindos, Vice-President of the ECB, at the Frankfurt Finance Summit
- 22/06/2020
- Luis de Guindos: Interview with Der SpiegelInterview with Luis de Guindos, Vice-President of the ECB, conducted by Tim Bartz and Stefan Kaiser on 15 June and published on 22 June 2020
- 16/06/2020
- Fabio Panetta: Interview with Le MondeInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Eric Albert, and published on 16 June 2020
- 11/06/2020
- Philip R. Lane: Interview with Il Sole 24 OreInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Isabella Bufacchi on 8 June
- 10/06/2020
- Isabel Schnabel: The ECB’s policy in the COVID-19 crisis – a medium-term perspectiveRemarks by Isabel Schnabel, Member of the Executive Board of the ECB, at an online seminar hosted by the Florence School of Banking & Finance
- 08/06/2020
- Christine Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European ParliamentIntroductory statement by Christine Lagarde, President of the ECB, at the ECON committee of the European Parliament (by videoconference)
- 05/06/2020
- Fabio Panetta: Interview with Radio anch’io, Rai Radio 1 Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Giorgio Zanchini on 5 June 2020
- 05/06/2020
- Christine Lagarde: Interview with France 2Interview with Christine Lagarde, President of the ECB, conducted by Léa Salamé and Thomas Sotto on 4 June 2020
- 05/06/2020
- Philip R. Lane: Expanding the pandemic emergency purchase programmeBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
Two main factors called for further policy action, writes Chief Economist Philip R. Lane. First, the pandemic-related negative shock to inflation poses a threat to medium-term price stability. Second, while conditions in financial markets have stabilised substantially, the situation remains fragile.
- 04/06/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 4 June 2020EnglishOTHER LANGUAGES (22) +
- 04/06/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 27/05/2020
- Isabel Schnabel: Interview with Perspektiven der WirtschaftspolitikInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Karen Horn
- 27/05/2020
- Isabel Schnabel: Interview with Financial TimesInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Martin Arnold on 25 May and published on 27 May 2020
- 19/05/2020
- Philip R. Lane: Pandemic central banking: the monetary stance, market stabilisation and liquidityRemarks by Philip R. Lane, Member of the Executive Board of the ECB, at the Institute for Monetary and Financial Stability Policy Webinar, 19 May 2020
- 18/05/2020
- Christine Lagarde: Interview with Les Echos, Corriere della Sera, Handelsblatt and El Mundo Interview with Christine Lagarde, President of the ECB, conducted by Dominique Seux, Federico Fubini, Thomas Hanke and Carlos Segovia, published on 18 May 2020
- 18/05/2020
- Philip R. Lane: Interview with El PaísInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Luis Doncel on 11 May 2020 and published on 18 May 2020
- 12/05/2020
- Philip R. Lane: Interview with the TelegraafInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Dorinde Meuzelaar and Martin Visser on 8 May 2020 and published on 12 May 2020
- 11/05/2020
- Isabel Schnabel: Interview with La RepubblicaInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Tonia Mastrobuoni and published on 11 May 2020
- 01/05/2020
- Philip R. Lane: The monetary policy response to the pandemic emergencyBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
In an ECB Blog post, Chief Economist Philip R. Lane discusses the macroeconomic scenarios developed by ECB staff to illustrate the possible impact of the pandemic. He also explains current monetary policy and outlines the approach to setting the future course of monetary policy.
- 30/04/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 30 April 2020EnglishOTHER LANGUAGES (22) +
- 30/04/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 18/04/2020
- Luis de Guindos: Interview with ExpressoInterview with Luis de Guindos, Vice-President of the ECB, conducted by João Silvestre on 15 April 2020
- 16/04/2020
- Christine Lagarde: IMFC StatementStatement by Christine Lagarde, President of the ECB, at the forty-first meeting of the International Monetary and Financial Committee
- 16/04/2020
- Isabel Schnabel: The ECB’s response to the COVID-19 pandemicRemarks by Isabel Schnabel, Member of the Executive Board of the ECB, at a 24-Hour Global Webinar co-organised by the SAFE Policy Center on “The COVID-19 Crisis and Its Aftermath: Corporate Governance Implications and Policy Challenges”
- 07/04/2020
- ECB announces package of temporary collateral easing measures
- 04/04/2020
- Isabel Schnabel: Interview with To VimaInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Angelos Athanasopoulos and published on 4 April 2020
- 19/03/2020
- Christine Lagarde: Our response to the coronavirus emergency
Summary
We are committed to playing our role in supporting every citizen of the euro area through this extremely challenging time, President Christine Lagarde writes in The ECB Blog. Our temporary pandemic emergency purchase programme is designed to address the unprecedented situation our monetary union faces.
EnglishOTHER LANGUAGES (13) + - 18/03/2020
- ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP)