By Mariana Somensi – NICOSIA (Econostream) - The European Central Bank on Wednesday said that Italy's plans to impose an extraordinary tax on credit institutions could threaten the transmission of monetary policy.
13 September 2023
By David Barwick – FRANKFURT (Econostream) – In the run-up to the September 2022 monetary policy meeting of the European Central Bank’s Governing Council, we surmised with respect to the outcome that available evidence pointed to a 75bp hike ‘as a bit more probable on the basis of the number of supporters and the feebleness of the pushback.’
13 September 2023
By Mariana Somensi – NICOSIA (Econostream) - The European Central Bank announced on Wednesday the nomination of Deutsche Bundesbank Vice President Claudia Buch to be chair of the Supervisory Board charged with overseeing the area's private financial institutions.
13 September 2023
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that overall inflation had passed its peak in France, confirming the effectiveness of the ECB’s monetary policy.
12 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 27 July, but earlier comments can still be seen in versions up to that of 24 July .
11 September 2023
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that a new framework to guide central banks and regulators on nature risk would let monetary authorities and supervisors take into account the degradation of nature in their mandate.
7 September 2023
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Governing Council member Klaas Knot on Thursday warned central banks and supervisors that nature-related financial risks are real and require urgent action.
7 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Wednesday said that the ECB was not done after yesterday’s 25bp hike and that it should continue with a ‘firm step’ towards price stability.
6 September 2023
They Said It - Recent Comments of ECB Governing Council Members
6 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Wednesday said that a September interest rate hike was possible but not certain, and that there were some positive signs with respect to inflation.
6 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the Council’s options were open at its meeting next week, but that with the peak of both core and overall inflation past, keeping interest rates high was more important than raising them further.
6 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel late Tuesday said that the ECB was still far from having fulfilled its mandate and warned against assumptions that rate cuts would follow soon after the peak of the current tightening cycle had been reached.
6 September 2023
By Mariana Somensi – NICOSIA (Econostream) - Europe cannot afford to remain passive while other jurisdictions move ahead in terms of central bank digital currencies (CBDCs), European Central Bank Vice President Luis de Guindos said on...
5 September 2023
By Mariana Somensi – NICOSIA (Econostream) - Climate-related and environmental risks (C&E risks) significantly increase financial risks and therefore warrant being taken into account by prudential supervision, ECB Executive Board member Isabel Schnabel said on Tuesday.
5 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday said that financial markets could experience additional stress in the coming months due to higher interest rates.
5 September 2023
By Mariana Somensi – NICOSIA (Econostream) - The European Central Bank’s consumer expectation survey, released on Tuesday, showed median consumer inflation expectations for the next 12 months unchanged in July, while those for the next three years increased slightly.
5 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday struck a generally positive tone on the latest euro area inflation developments, predicting continued easing of core readings and highlighting the reduced price pressures from goods and services.
5 September 2023
By David Barwick – FRANKFURT (Econostream) – We suspect that Irish online news outlet The Currency tried to draw European Central Bank Executive Board member Philip Lane out more explicitly on the matter of what the ECB Governing Council might decide at its monetary policy meeting next week.
5 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Monday said that the ECB’s work on a digital euro had progressed to the point at which the Governing Council would soon be faced with the decision to continue pursuing the project or not.
4 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday said that in the high-inflation environment of the last two years, decisive action by monetary policy has been crucial.
4 September 2023