By Aurėja Bobelytė – VILNIUS (Econostream) – European Central Bank Governing Council member Gediminas Šimkus said Friday that his baseline was for three rate cuts this year.
19 April 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – European Central Bank Governing Council member Edward Scicluna said Friday that a June interest rate cut is likely, as inflation has been converging to the 2% target.
19 April 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – As inflation continues to decline, an interest rate cut could be suitable in June, European Central Bank Governing Council member Olli Rehn said Friday.
19 April 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – An interest rate cut would not happen in June only if unexpected shocks occurred, European Central Bank Governing Council member Pierre Wunsch said Friday.
19 April 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Thursday said that the pace of ECB policy easing did not need to be rushed.
18 April 2024
By David Barwick – WASHINGTON (Econostream) – European Central Bank Governing Council member Mário Centeno on Thursday expressed support for the ECB’s data-dependent, meeting-by-meeting approach to setting monetary policy.
18 April 2024
By David Barwick – WASHINGTON (Econostream) – European Central Bank Governing Council member Mário Centeno on Thursday dismissed arguments based on the idea of ‘bumpy’ inflation and warned against taking for granted the resilience of Europe’s labour markets.
18 April 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – Monetary policy could be eased if it became more certain that inflation was sustainably declining to the European Central Bank's 2% target, ECB Vice President Luis de Guindos said Thursday.
18 April 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that the risks around the ECB's inflation projections were more symmetrical, which improved confidence in the disinflationary process.
18 April 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – European Central Bank monetary policy will not be contingent on what the US Fed does, ECB Governing Council member Boris Vujčić said Thursday.
18 April 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – Although European Central Bank interest rates would likely be cut in June, monetary policy would remain restrictive and it would take a while to reach neutral rates, ECB Governing Council member Mārtiņš Kazāks said Thursday.
18 April 2024
By Isabel Teles – WASHINGTON (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Wednesday said that under conditions of volatility, the role of economic forecasts needed to be reassessed by central banks.
17 April 2024
By David Barwick – WASHINGTON (Econostream) – European Central Bank President Christine Lagarde on Thursday said that the ECB could not disregard the implications of foreign exchange fluctuations for inflation.
17 April 2024
By David Barwick – WASHINGTON (Econostream) – The growing use of AI and large language models (ML) in banking could worsen sector crises if the associated challenges are not addressed, European Central Bank Governing Council member Pablo Hernández de Cos said Wednesday.
17 April 2024
By Isabel Teles and David Barwick – WASHINGTON (Econostream) – European Central Bank Executive Board member Piero Cipollone on Wednesday said that once evidence showed that price stability was close to being achieved, then it would be time to reduce interest rates.
17 April 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – Geopolitical developments in the Middle East pose the largest threat to interest rate cuts this year, European Central Bank Governing Council member Robert Holzmann said Wednesday.
17 April 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – European Central Bank Governing Council member Joachim Nagel said Wednesday that if incoming data did not surprise, he would support cutting interest rates in June.
17 April 2024
By Isabel Teles – WASHINGTON (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the chances that the ECB would start easing monetary policy in June were growing, but that there remained reservations.
17 April 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that the current monetary policy cycle was ready for change.
17 April 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that it would be acceptable for the ECB to reduce interest rates before the Fed.
17 April 2024