By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Monday indicated receptiveness to implementing macroprudential policy more flexibly, in particular so as to release buffers in times of stress and thus support lending.
2 October 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank must have realised when it chose to hike rates on 14 September that a move of such dubious necessity at this stage of the tightening cycle would inevitably give rise to a need for interviews like that of Vice President Luis de Guindos on Monday.
2 October 2023
By David Barwick – SKOPJE (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the ECB had probably reached the peak of the current tightening cycle.
29 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday said that the ECB was interested in having monetary policy take climate into yet greater consideration than currently.
29 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that the ECB’s interest rates were at the correct level.
29 September 2023
By David Barwick – SKOPJE (Econostream) – Euro area inflation was quite likely to decline over the next months, but the true test for a return to price stability would be next spring or so, European Central Bank Governing Council member Boris Vujčić said Friday.
29 September 2023
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 14 September, but earlier comments can still be seen in versions up to that of 11 September .
27 September 2023
By David Barwick – FRANKFURT (Econostream) - European Central Bank Executive Board member Frank Elderson said on Wednesday that a further rate hike by the ECB could not be excluded under conditions of high uncertainty.
27 September 2023
By David Barwick – FRANKFURT (Econostream) – The October monetary policy meeting of the European Central Bank’s Governing Council would be a sensible occasion for authorities to start discussing seriously the further reduction of the ECB’s balance sheet, in the view of a Eurosystem insider who spoke to Econostream recently.
26 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday said that inflation was expected to remain too high for too long, but that key interest rates were now at levels that, if kept there long enough, would help restore price stability.
25 September 2023
By David Barwick – Frankfurt (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Monday suggested that concerns of monetary policy overtightening based on the marked deceleration of money growth were misplaced.
25 September 2023
By David Barwick – FRANKFURT (Econostream) – The likelihood that the European Central Bank will or won’t need to hike again is probably closer to being balanced than markets realise, in the view of a Eurosystem insider who spoke to Econostream recently.
25 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Monday reiterated that setting monetary policy in a very data-dependent way allowed policymakers to skirt the dangers of going too far and not going far enough with policy.
25 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday said that the risks of monetary policy tightening going too far had reached the point of symmetry versus the risks of not going far enough.
25 September 2023
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 14 September, but earlier comments can still be seen in versions up to that of 11 September .
22 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that the ECB was completely willing to modify its monetary policy stance in line with new information.
22 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that various factors would make the ECB’s assessment of inflation in the near term especially difficult and that wage trends in particular would resist analysis for many months.
22 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Friday said that it was too soon for discussion of a loosening of ECB monetary policy, but that loosening couldn’t be excluded.
22 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Thursday said that it should not be taken for granted that the current level of interest rates would turn out to be high enough for the ECB’s purposes.
21 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday said that still-high inflation meant that it could not be said for sure whether ECB interest rates had peaked.
21 September 2023