European Central Bank | The European Conservative

No Rate Hike from ECB Despite Market Pressure

Sven R. Larson April 21, 2022

Despite higher inflation and upward pressure on treasury yields, the European Central Bank (ECB) maintains that this is not the time to raise interest rates. In an April 14th press release, the ECB reaffirmed its commitment to both unchanged rates and its tapering of the Asset Purchasing Program. The Bank explained that APP-related purchases of […]

The Story of a Macroeconomic Massacre

Sven R. Larson March 17, 2022

Now that the Greek Parliament is eager to beef up the nation’s defense, it faces a serious problem: the economy is so weak it can barely keep its population at a standard of living from 20 years ago.

Dollar Gains on Euro and Sterling

Sven R. Larson March 16, 2022

At $1.0943 per euro on March 14th, the dollar stood at its strongest against the European currency since April 2019.

ECB: Interest Rates at Record Low in January

Sven R. Larson March 11, 2022

Interest rates in the euro zone remained low through January, the European Central Bank reported on March 3rd. Loans by commercial banks to non-financial corporations averaged an annualized rate of 1.43%, the same as in October last year and only marginally up from November (1.39%) and December (1.36%). The average interest rate on loans to […]

Bad Economics May Cause More Inflation

Sven R. Larson March 9, 2022

Any major monetary expansion causes inflation. This past year, a combination of domestic restrictions on economic activity, speculation in the headwind of uncertainty, and the overall nature of energy markets, created inflationary pressure where under normal economic circumstances none would have existed.

U.S. Interest Rates Rise while Euro Zone Stays Flat

Sven R. Larson February 23, 2022

The ECB has thus far stayed committed to low, steady interest rates. But there is growing anticipation of a rate increase by the ECB during 2022.

France: Macron Awards ECB Chief Lagarde with Prestigious Title

Tristan Vanheuckelom February 17, 2022

The ceremony, honoring Lagarde’s distinction for her “contribution to the renown of France” took place in the winter garden of the Élysée Palace. The event fuelled speculation as to what Macron’s intentions may be.

Inflation Persistent in the Euro Zone

Sven R. Larson February 17, 2022

Reflecting concerns for continued high inflation, a survey of professional forecasters published by the ECB showed a considerable 1.1 percentage-point rise in expected euro-zone inflation for the first quarter of 2022.

The Euro at 20: Dysfunction by Design

Sven R. Larson January 18, 2022

The euro itself is only part of the failure. An entire structure of government institutions, laws, and even constitutional provisions were erected around it in order to secure its success. It all looked impressive two decades ago; today, the structure itself, from the European Central Bank (ECB), to the so-called Stability and Growth Pact, is a package of sordid evidence that even under democratic governments, central economic planning is a bad idea.

The Euro at 20: A Failed Experiment

Sven R. Larson January 10, 2022

The common currency was a gigantic economic experiment, an application of political preferences rather than the product of sound scholarly research. As is always the case with grand government plans, for every problem they solve a new one is created.

Tag: European Central Bank

No Rate Hike from ECB Despite Market Pressure

The Story of a Macroeconomic Massacre

Dollar Gains on Euro and Sterling

ECB: Interest Rates at Record Low in January

Bad Economics May Cause More Inflation

U.S. Interest Rates Rise while Euro Zone Stays Flat

France: Macron Awards ECB Chief Lagarde with Prestigious Title

Inflation Persistent in the Euro Zone

The Euro at 20: Dysfunction by Design

The Euro at 20: A Failed Experiment

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