ECB’s Nagel: Inflation ‘Beast’ Has Been Tamed
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that inflation in the euro area has been controlled.
30 January 2024
Central Bank
ECB’s de Guindos: Disinflationary Process to Continue
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Monday said that the disinflationary process had been positive and would continue.
29 January 2024
ECB’s Centeno: Easing Process Should Start Sooner Rather Than Later
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Monday said that the reduction of interest rates should start earlier and in a gradual way.
29 January 2024
ECB’s de Guindos: Monetary Policy to React to Disinflation in Due Time
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Monday said that inflation had been on a positive path and that monetary policy would reflect this in due time.
29 January 2024
ECB’s Kažimír on Rate Cut Timing: ‘Whether in April or June, Is Secondary’; June Likelier
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said that the precise timing of the ECB’s first rate cut was not of primary importance but that June was more probable than April.
29 January 2024
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 25 January, but earlier comments can still be seen in versions up to that of 19 January .
29 January 2024
ECB’s Cipollone, Lane and Schnabel: Euro Area’s Resilience to Increase With New Framework for Euro Liquidity Lines
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board members Piero Cipollone, Philip Lane and Isabel Schnabel on Monday said that that the ECB’s new framework for the provision of euro liquidity would contribute to monetary policy transmission and to resilience in the euro area.
29 January 2024
ECB’s Villeroy: No Date This Year Excluded to Cut Interest Rates
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Sunday said that the ECB’s interest rates would be reduced in 2024 and that no date was excluded once there was sufficient progress towards the inflation target.
28 January 2024
ECB’s Knot: Interest Rates Can Only Be Cut When Wages in Line With Lower Inflation
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Sunday said that the key development necessary for an interest rate cut was slower wage growth.
28 January 2024
ECB’s Makhlouf: ‘Monetary Policy Is Working’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Saturday said that monetary policy was effective and inflation was on positive trajectory towards the ECB’s 2% target.
27 January 2024
ECB’s Stournaras: If Good Inflation News Continues, Will Be Able to Start Cutting Rates After 2Q
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras over the weekend said that monetary policy easing could start after the second quarter, if positive inflation developments continue.
27 January 2024
Bundesbank: German Economy to Stagnate ‘at Best’ in 1Q
By Isabel Teles – FRANKFURT (Econostream) – Germany's economy was slightly weaker than expected in December and would likely languish during the first quarter of 2024, the German Bundesbank said on Friday in its latest monthly report.
26 January 2024
ECB’s Panetta: Effective Policy Necessary to Avoid Shocks
By Isabel Teles – RIGA (Econostream) – European Central Bank Governing Council member Fabio Panetta on Friday said that Europe could avoid shocks that could fragment the economy with an ‘effective policy response’.
26 January 2024
ECB’s Vasle: Next Steps Data-Dependent; See Inflation Continuing to Subside
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the ECB’s next steps would depend on incoming information, and predicted the continued slowdown of inflation in the near term.
26 January 2024
ECB’s Müller: Reasonable to Expect No Change at Next Several Governing Council Meetings
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that it made sense to expect the ECB to leave interest rates unchanged at the coming Governing Council meetings.
26 January 2024
ECB Insight: Lagarde Delivers as Expected, Carefully Avoiding any Hints as More Data Awaited
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council’s monetary policy meeting on Thursday was more or less exactly as predicted by us in this space on Tuesday: uneventful, devoid of surprises, with the need for policy to stay restrictive reconfirmed and talk of rate cuts dismissed as premature.
25 January 2024
ECB: Key Interest Rates Remain Unchanged
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided again, as expected, to keep its three key interest rates unchanged.
25 January 2024
ECB’s Stournaras: Difficult to Say Exactly How Long Interest Rates Must Stay Restrictive
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Wednesday said it was hard to predict for how long monetary policy in the euro area would need to remain restrictive.
24 January 2024
ECB Insight: No Bolts out of the Blue This Week
By David Barwick – FRANKFURT (Econostream) – We have a hard time imagining surprises emerging from this week’s European Central Bank Governing Council meeting, the stage having been so well set in the runup to the occasion.
23 January 2024
ECB: Lending Conditions Expected to Tighten Further in 1Q
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest Bank Lending Survey (BLS), released on Tuesday, showed that credit standards for loans to enterprises and households were tighter in the fourth quarter of 2023 and were expected to tighten further in the first quarter of 2024.
23 January 2024