By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that the ECB's Transmission Protection Instrument (TPI) was aimed at ensuring the effective conduct of monetary policy and maintaining price stability, rather than responding to specific sovereign spread levels.
1 October 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde warned Thursday that the increasing use of artificial intelligence in finance could amplify market moves, make cyberattacks faster and more disruptive and leave European financial institutions vulnerable to dependence on a small number of foreign AI providers.
1 October 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that European banks remain resilient but that their growing links with non-bank financial institutions could create financial stability risks, and called for stronger risk management and stricter loan assessments.
1 October 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras said Thursday that monetary policy would “continue to do whatever is needed to safeguard price stability,” while arguing that Europe’s longer-term economic prospects depend increasingly on structural reform and deeper integration.
1 October 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde has again declined to pin down when she might leave the ECB, but her comments published Wednesday appear to narrow the likely window for an early departure while leaving intact the possibility that her exit might coincide with that of Chief Economist Philip Lane.
1 October 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde said the current energy shock could lead the ECB to raise interest rates further if necessary to prevent higher energy costs from feeding durably through the economy and pushing up inflation.
30 September 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel delivered an unmistakably hawkish diagnosis of the inflation outlook on Wednesday, but the monetary policy signal at the end of her speech points away from another interest rate increase at the Governing Council’s October meeting, at least in the absence of a significant deterioration in the coming weeks.
30 September 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel said Wednesday that central banks cannot wait for indirect and second-round effects from the latest energy shock to become visible before responding, but must judge in advance how the shock will feed through to underlying inflation and calibrate monetary policy accordingly.
30 September 2026
By David Barwick – FRANKFURT (Econostream) – The contrast between two European Central Bank Governing Council members who spoke on Tuesday was striking: Peter Kažimír, usually among the most eager to raise rates, stressed that there was time to decide, while Alexander Demarco, a typically cautious voice, set out various ways an October hike could become appropriate.
30 September 2026
By David Barwick and Marta Vilar – VALLETTA (Econostream) - Following is the full transcript of the interview conducted by Econostream on 28 September 2026 with Alexander Demarco, Governor of the Central Bank of Malta and member of the Governing Council of the European Central Bank:
29 September 2026
By Marta Vilar and David Barwick – VALLETTA (Econostream) – European Central Bank Governing Council member Alexander Demarco said higher-than-expected underlying inflation could justify another rate hike before second-round effects become visible, while a combination of adverse inflation and energy developments could make an October move compelling.
29 September 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Peter Kažimír said on Tuesday that policymakers had enough time to assess incoming data before deciding whether to raise interest rates again, while noting that the ECB needed to retain full flexibility to act if necessary.
29 September 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Tuesday that interest rates were not yet in restrictive territory.
29 September 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Monday that the ECB was not yet seeing evidence that higher energy prices were feeding into wages, supporting a “measured” monetary policy approach while leaving the central bank ready to respond if second-round effects emerge.
28 September 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Monday that a “measured” monetary policy response remained appropriate following this month’s 25bp rate hike, with higher energy prices pushing up the inflation outlook but no evidence so far that the shock was becoming embedded.
28 September 2026
By Marta Vilar – MADRID (Econostream) – The European Central Bank’s Governing Council and Executive Board turned markedly less hawkish over the past week, according to Econostream’s ECB Tone Meter, as policymakers continued to retain a tightening bias but showed little urgency to raise rates again.
28 September 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Álvaro Santos Pereira said on Monday that one of the main risks facing the ECB in the coming months is high natural gas prices.
28 September 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice-President Boris Vujčić said Friday that persistent pressure on refined energy products, particularly diesel, could continue feeding into inflation, with lost refining capacity unlikely to return in the foreseeable future.
25 September 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Emmanuel Moulin on Friday described the ECB's recent interest rate increases as “very moderate,” arguing that real rates remained low, while warning that France needed to address its fiscal problems rather than look to the ECB for a solution.
25 September 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras said Thursday that the euro area economy had remained resilient despite the energy shock caused by the Middle East conflict, supported by a strong labor market, external demand and increased defense and infrastructure spending.
24 September 2026