>> GROUP: Shadow ECB Council / EZB-Schattenrat  Volker Northoff

The members of Handelsblatt's Shadow ECB Council will discuss the following topics at their quarterly virtual meeting this afternoon:

"From today's perspective, how much should the ECB raise interest rates in September? What signals should Lagarde give for the next months? What criteria must be met in order to stop raising rates further? Should the ECB accelerate the reduction of its bond portfolio?"

The contributors are:

José Alzola, Economist, Bilbao
Marco Annunziata, Annunziata + Desai, Boston
Daniele Antonucci, Quintet Private Bank, London
Dr. Sylvain Broyer, S&P Global Ratings Europe Ltd., Frankfurt
Sonsoles Castillo, BBVA Research, Madrid
Piet Christiansen, Danske Bank, Kopenhagen
Frederik Ducrozet, Pictet Wealth Management, Genf
Dr. Joerg Kraemer, Commerzbank AG, Frankfurt
Michala Marcussen, Société Générale, Paris
Dr. Thomas Mayer, Flossbach von Storch Research Institute, Koeln
Dr. Dirk Schumacher, Natixis, Frankfurt
Sven Jari Stehn, Goldman Sachs, London
Dr. Silke Tober, IMK Institut, Duesseldorf
Konstantin Veit, Pimco, London
Jan Viebig, Oddo BHF, Frankfurt

They will post individual statements in "The Early Editors Club". Minutes of the conference will be shared next week.

+++ Background: The Shadow ECB Council was founded in 2002 upon an initiative of Handelsblatt, the German business and financial daily. It is an unofficial panel, independent of the ECB/Eurosystem, and comprising prominent European economists drawn from academia, financial institutions, consultancies, companies and research institutes. The Shadow Council usually convenes by video conference on a quarterly basis. Its discussions take place before the official ECB Governing Council "policy" meetings. +++
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