Central Bank

ECB Says Impact of Rate Hikes To Peak in 2024

By Xavier D’Arcy – FRANKFURT (Econostream) – The economy should feel the biggest impact of the European Central Bank’s recent flurry of rate rises next year, the central bank said on Monday.

15 May 2023

ECB’s Kažimír: Core Inflation’s Continued Rise Shows That We Have a Problem Yet to Be Solved

By David Barwick – FRANKFURT (Econostream) – The European Central Bank may have to hike interest rates longer than expected to deal with the ongoing problem of increasing core inflation, ECB Governing Council member Peter Kažimír said Sunday.

14 May 2023

ECB Has ‘Entered the Home Stretch’ of Tightening, de Guindos Says

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Sunday that the ECB was in the final stretch of its tightening cycle.

14 May 2023

Visco Calls for Caution From ECB as Real Economy Starts To Feel Impact of Hikes

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank needs to be cautious as it approaches its next monetary policy decisions, as monetary tightening is beginning to pose risks to the real economy, ECB Governing Council member Ignazio Visco said on Saturday.

13 May 2023

They Said It - Recent Comments of ECB Governing Council Members

By David Barwick – FRANKFURT (Econostream) – The following is an overview of key recent comments made by European Central Bank Governing Council members with respect to monetary policy. We include only comments made since the Governing Council meeting of 4 May.

12 May 2023

ECB May Need To Keep Hiking After Summer, Nagel Says

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank may need to continue increasing interest rates beyond the summer, Governing Council member Joachim Nagel said on Friday.

12 May 2023

ECB Says Consumer Inflation Expectations Increased Significantly in March

By Xavier D’Arcy – FRANKFURT (Econostream) – According to the European Central Bank’s latest Consumer Expectations Survey results, released on Thursday, euro area citizens’ perceptions of inflation climbed substantially in March.

11 May 2023

Exclusive: Transcript of Interview With Austrian Treasury Managing Director Markus Stix on 3 May 2023

By Xavier D’Arcy – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on 3 May with Markus Stix, Managing Director in charge of markets at the Austrian Treasury:

11 May 2023

Exclusive: Austria Debt Head: Too Early To Call Number of 2023 Syndications, Decision Hinges on Deficit

- Austria plans ‘to tap 2049 green bond by €1bn via auction or syndication’
- Austria ‘will continue decreasing the maturity of our new issuance’
- Green CP programme demand split 50/50 USD and euro, 1m to 3m maturity
- Reintroduction of ECB ceiling has ‘no significant implications’ for Austria’
- April syndication order book saw lot of real money investors, fewer fast money accounts

11 May 2023

ECB Not Finished Fighting Inflation, Lagarde Says

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s fight against inflation is not over, ECB President Christine Lagarde said on Thursday.

11 May 2023

ECB’s de Cos: ‘New and Enhanced Risks to Financial Stability’

By David Barwick – FRANKFURT (Econostream) – The rapid change of the environment to one of high price pressures and increasing borrowing costs presents greater financial stability risks, European Central Bank Governing Council member Pablo Hernández de Cos said Thursday.

11 May 2023

ECB’s Rehn: Core Inflation ‘Annoyingly Tenacious’

By David Barwick – FRANKFURT (Econostream) – Inflation was still much too high, with underlying price pressures vexingly sticky, European Central Bank Governing Council member Olli Rehn said on Thursday.

11 May 2023

‘Nothing off the Table’ in September, ECB’s Nagel Says

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that the ECB could continue hiking in September.

11 May 2023

ECB’s Nagel: Monetary Policy Entering Restrictive Territory, but Still Work To Be Done

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the ECB’s monetary policy was entering restrictive territory and that further tightening was needed.

10 May 2023

They Said It - Recent Comments of ECB Governing Council Members

10 May 2023

ECB’s Stournaras: Agree With Lagarde That ‘We Still Have Some Way To Go’

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Wednesday reiterated that the ECB was close to but had not yet reached the end of the current monetary policy tightening phase.

10 May 2023

ECB’s Herodotou: Bank Lending Survey Shows That Monetary Policy Is Restrictive

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Wednesday said that recent data made clear that the ECB’s monetary policy was in restrictive territory.

10 May 2023

ECB To Reach Peak of Hiking Cycle in June or July, Centeno Says

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is close to the peak of its hiking cycle, which could be reached in either June or July, depending on economic conditions, ECB Governing Council member Mário Centeno said on Wednesday.

10 May 2023

ECB’s de Cos: If High Inflation Persists, Likelihood of Additional Tightening Would Increase

By David Barwick – FRANKFURT (Econostream) – Were high inflation to prove yet stickier at the level of the euro area, that would make additional monetary tightening even likelier, European Central Bank Governing Council member Pablo Hernández de Cos said Wednesday.

10 May 2023

ECB’s Lagarde Warns of Upside Inflation Risks, Expresses Concern on Wages

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde warned on Wednesday of upside risks to the inflation outlook in the euro area.

10 May 2023