ECB’s Kažimír: Progress in Inflation Still Subject to Risks
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said that there were still risks to price stability.
18 December 2023
Central Bank News
ECB’s Vasle: Market Expectations Incompatible With Price Stability
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Monday said that market expectations of lower interest rates were incompatible with price stability.
18 December 2023
ECB’s Centeno: Question of When, Not If, Interest Rates Will Be Cut
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Friday said that it was only a question of time for interest rates to be reduced.
15 December 2023
ECB’s Villeroy: ‘Barring Surprises, No More Rate Hikes’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that the ECB was unlikely to increase interest rates again absent any new shocks.
15 December 2023
ECB’s Müller: Must Patiently Await Clearer Signs of Sustainable Disinflation
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the key now was waiting for evidence confirming the sustainability of the ongoing disinflation process.
15 December 2023
ECB’s Vasle: Expected Interest Rates Lower Than Assumptions of Macro Projections
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that financial markets’ rate expectations undershot the technical assumptions behind the Eurosystem’s latest projections.
15 December 2023
Bundesbank: German Economic Recovery Subject to Time Lag
By Isabel Teles – FRANKFURT (Econostream) – Economic recovery in Germany will happen with a time lag, the German Bundesbank said on Friday in its latest semi-annual forecasts.
15 December 2023
ECB’s Müller: No Reason to Consider Changes in Interest Rates in Near Future
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that changes in interest rates were unlikely in the short term.
15 December 2023
ECB’s Wunsch: ‘We Still Need to See Good News on Wages’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Friday said that wage developments remained an open question, despite other inflation indicators being on the right path.
15 December 2023
ECB’s Nagel: Interest Rates Have Likely Plateaued
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that interest rates had probably plateaued, but that it was too soon to consider cuts.
15 December 2023
ECB’s Lagarde: Work Still to Be Done, but This Can Take the Form of Holding Rates Steady
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that the ECB should not lower its guard on inflation and that holding on to current interest rate levels could be the form of the work still to be done in restoring price stability.
14 December 2023
ECB Insight: Lagarde Notes Progress Towards Target While Remaining, as Expected, on Guard
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde performed much as expected on Thursday at the press conference following the Governing Council’s monetary policy meeting, acknowledging progress and not slamming any doors shut as she tempered her previous almost indignant rejection of early rate cuts and focused instead on the need to collect more data.
14 December 2023
ECB: Interest Rates Remain Unchanged; PEPP to Be Discontinued by the End of 2024
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank Governing Council on Thursday decided once again to keep its three key interest rates unchanged, a decision that had been anticipated by markets, and to discontinue reinvestments under the Pandemic Emergency Purchase Programme (PEPP) by the end of next year.
14 December 2023
ECB’s Villeroy: Despite Inflation Improvement, General Public Still Unconvinced
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that euro area citizens were still impacted by inflation and that, despite the recent improvement in inflation figures, consumers were not yet convinced that things had turned around.
12 December 2023
ECB Insight: No Euphoria, No Victory Lap, No Rate Cut Talk; Lagarde Attentive and Focused
By David Barwick – FRANKFURT (Econostream) – We see the key outcome of this week’s European Central Bank Governing Council meeting as a distinct but carefully measured and limited distancing from the hawkish tone of six weeks previously.
12 December 2023
They Said It - Recent Comments of ECB Governing Council Members
By David Barwick – FRANKFURT (Econostream) – The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 26 October, but earlier comments can still be seen in versions up to that of 25 October .
8 December 2023
ECB’s Elderson: Banks Need to Remediate Their Problems Faster
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Thursday said that banks must not take long to address problems once these come to light.
7 December 2023
ECB Insight: Governing Council More Than Ready to Discuss QT, but Is Lagarde?
By David Barwick – FRANKFURT (Econostream) – After kicking the QT can down the road at the European Central Bank Governing Council’s meeting in Athens at the end of October, ECB President Christine Lagarde could finally be ready to broach the subject at the next such gathering one week from today.
7 December 2023
ECB’s Nagel: ‘Quantum Computing Will Change the Financial Sector’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday said that the financial industry would be deeply impacted by the use of quantum computing in the long term.
7 December 2023
ECB’s Villeroy: ‘Barring Any Shock, There Will Be No Further Increase in Our Rates’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that interest rates would not be raised again unless shocks demanded it and that rate cuts would be discussed in 2024 at the soonest.
7 December 2023