{"id":145719,"date":"2018-11-27T04:43:14","date_gmt":"2018-11-26T17:43:14","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/auarticles\/ecb-speeches\/"},"modified":"2021-04-14T15:58:34","modified_gmt":"2021-04-14T05:58:34","slug":"ecb-speeches","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/central-banks\/ecb-speeches\/","title":{"rendered":"ECB Speeches"},"content":{"rendered":"
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The week kicked off with a series of ECB speeches, and markets participants were gearing up to have more updates on the Eurozone economy, interest rate and Italy. Investors were keen to see whether the ECB downplays the slowdown in the German economy and the Italian Budget risks.<\/p>\n

We bring you a summary of the main headlines following the speeches:<\/strong><\/p>\n

ECB\u2019s Praet Speech: <\/strong>Peter Praet is a member of the ECB\u2019s Executive Board since 2011. The most captivating headlines from the latter are probably:<\/p>\n

    \n
  • \u201c<\/strong>The eurozone has lost some growth momentum, and headwinds are becoming increasingly noticeable.\u201d<\/em><\/li>\n
  • He also argued that there is limited spillover from Italy so far.<\/em><\/li>\n<\/ul>\n

    Praet acknowledged how the factors related to protectionism, financial market volatility and vulnerabilities in emerging markets are creating headwinds. He reiterated that the ECB policy will remain predictable and will proceed at a gradual pace. He mentioned that it would need a big change in scenarios not<\/strong> to abide by rate guidance.<\/p>\n

    ECB\u2019s Nowotny Speech: <\/strong>Ewald Nowotny is the governor of the National Bank of Austria and member of the European Central Bank (ECB)\u2019s governing council. Nowotny discussed the quantitative easing program and that the ending process poses little risk to financial stability. He believes that \u201ca well-communicated exit may benefit financial health and very low rates for a long time may impair stability<\/em>\u201d.<\/p>\n

    ECB\u2019s Coeur\u00e9 Speech: <\/strong>Beno\u00eet C\u0153ur\u00e9\u00a0is a member of the ECB’s Executive Board. The speech was mainly focused on Growth<\/strong>, Europe<\/strong> and Togetherness<\/strong>. His speech captures how to reap the benefits of the Single Market. He highlighted how Europe\u2019s East is not catching up which might question the value of the EU.<\/p>\n

      \n
    • \u201cThere have been some notable improvements in certain countries over time, but in others the process of gradually catching up with their EU peers appears to have stalled, or even to have backtracked, in recent years.\u201d
      \n\"<\/em><\/li>\n<\/ul>\n
        \n
      • \u201cAnd if there is no credible prospect of lower-income countries catching up soon, there is a risk that people living in those countries begin questioning the very benefits of membership of the EU or the currency union.\u201d<\/em><\/li>\n<\/ul>\n

        ECB\u2019s President Draghi\u2019s Speech: <\/strong>The President provided further insights into the euro area outlook and the ECB\u2019s monetary policy.<\/p>\n

          \n
        • \u201cThe data that have become available since my last visit in September have been somewhat weaker than expected.\u201d<\/em><\/li>\n
        • \u201cA gradual slowdown is normal as expansions mature and growth converges towards its long-run potential\u2026. Some of the slowdowns may also be temporary.\u201d<\/em><\/li>\n
        • \u201cUnderlying drivers of domestic demand remain in place.\u201d<\/em><\/li>\n<\/ul>\n

          Overall, he expressed that the ECB maintained their view that the economy was still in line with expectations. However, inflationary pressures were lower than expected which means that while bond purchases are set to end in December, the ECB will maintain significant monetary stimulus due to the moderation in recent data.<\/p>\n<\/div>\n

          This article is written by a Wixad Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.<\/em><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          The week kicked off with a series of ECB speeches, and markets participants were gearing up to have more updates on the Eurozone economy, interest rate and Italy. Investors were keen to see whether the ECB downplays the slowdown in the German economy and the Italian Budget risks. We bring you a summary of the […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2805],"tags":[],"class_list":["post-145719","post","type-post","status-publish","format-standard","hentry","category-central-banks"],"acf":[],"yoast_head":"\nECB Speeches - Wixad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/central-banks\/ecb-speeches\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECB Speeches - Wixad\" \/>\n<meta property=\"og:description\" content=\"The week kicked off with a series of ECB speeches, and markets participants were gearing up to have more updates on the Eurozone economy, interest rate and Italy. 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Investors were keen to see whether the ECB downplays the slowdown in the German economy and the Italian Budget risks. We bring you a summary of the ","link":"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/santa-stock-market-needs\/","type":"next","category":"shares-and-indices"},"previous":{"id":145718,"slug":"brexit-and-italy","title":"Brexit and Italy","date":"2018-11-22 04:26:36","excerpt":"The week kicked off with a series of ECB speeches, and markets participants were gearing up to have more updates on the Eurozone economy, interest rate and Italy. Investors were keen to see whether the ECB downplays the slowdown in the German economy and the Italian Budget risks. 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