9 Amendments of Esther DE LANGE related to 2022/2037(INI)
Amendment 27 #
Motion for a resolution
Recital C
Recital C
C. whereas according to the ECB projections of September 2022, headline inflation is expected to fall from 8.1 % in 2022 to 2.3 % in 2024; whereas this means that headline inflation is expected to remain above the 2% target in the medium-term, even though the ECB's projections lately have structurally underestimated the inflation rates;
Amendment 91 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes President Lagarde’s statement that the current geopolitical crisis requires us to progress on EU fiscal integration; rRecalls that the Economic and Monetary Union cannot function smoothly without a fiscal capacity at European level to respond to external shockthe coordination of national economic and fiscal policies;
Amendment 119 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Notes that President Lagarde stated that the ECB's monetary policy will be set with one goal in mind: to deliver on the price stability mandate1a; _________________ 1a https://www.ecb.europa.eu/press/key/date/ 2022/html/ecb.sp220920~c3afc1a441.en.h tml
Amendment 127 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Takes note of recent ECB monetary policy decisions to raise rates by 50 and 75 basis points in July and September 2022; is concerned about the implications of such policy decisions for growth and employment and of the ECB's communicated expectation to raise interest rates further over the next several meetings;
Amendment 160 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. WelcomesIs concerned about the size of the ECB’'s decision not to engage in quantitative tighteningbalance sheet, which has increased exponentially in recent years; notes that all maturing assets under the Asset Purchase Programme (APP) and the Pandemic Emergency Purchase Programme (PEPP) are still being reinvested, thereby not reducing the ECB's balance sheet; recalls that quantitative tightening is needed to normalise monetary policy;
Amendment 167 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Stresses that an even proper transmission of monetary policy is vital to the achievement of the ECB’s price stability mandate; notes the ECB’s decision on 15 June 2022 to apply flexibility in reinvesting redemptions that are due under the pandemic emergency purchase programme; welcomes the launchquestions the legality and necessity of the Transmission Protection Instrument as an instrument to support the effective transmission of monetary policy across the euro area; reminds the ECB that it already has the Outright Monetary Transactions instrument in its toolbox, which has a similar objective and which to date has never been used;
Amendment 205 #
Motion for a resolution
Paragraph 15
Paragraph 15
Amendment 216 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Considers high levels of sustainable growth and investment to be key economic goals; calls on the ECB to consider how its monetary policy stance will impact those objectives;
Amendment 285 #
Motion for a resolution
Paragraph 25
Paragraph 25