ECB’s de Guindos: Too Early to Ease Monetary Policy
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Thursday said that it was not yet the moment to reduce interest rates.
21 December 2023
Central Bank
ECB’s Knot: ‘I Would Be in No Hurry to Cut Interest Rates’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Wednesday said that he would not be in a rush to consider reducing interest rates, as there were still relevant economic developments to be assessed.
20 December 2023
ECB’s Nagel Cautions Those Speculating About Early Interest Rates Cuts
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday warned whoever was expecting interest rates to be cut soon to be cautious with such speculation.
20 December 2023
ECB’s Lane: 2024 Inflation Forecast Still Distant From Target
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Wednesday said that the 2024 inflation forecast was a long way from the ECB’s definition of price stability.
20 December 2023
ECB’s Kazāks: Policy Easing Could Start in Mid-2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks on Wednesday said that the ECB could start cutting interest rates in mid-2024.
20 December 2023
ECB Research Bulletin: Dovishness May Have Contributed to US GDP Recovery
By Isabel Teles – FRANKFURT (Econostream) – A dovish monetary policy combined with fiscal support may have been key to the recovery of US GDP, according to a research bulletin published Tuesday by the European Central Bank.
19 December 2023
ECB’s Villeroy: Cutting Interest Rates Too Soon Could Risk a Relapse Into Inflation
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday said that achieving price stability could be at risk if interest rates were cut too early.
18 December 2023
ECB’s Stournaras: Rates to Be Cut Only With Inflation Below 3% By Mid-2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday said that it was necessary for inflation to be below 3% in the middle of 2024 for the ECB to cut interest rates.
18 December 2023
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
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