ECB’s Makhlouf Says Two Further Rate Hikes Likely
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf said on Friday that two further ECB rate hikes in June and July were likely.
26 May 2023
Central Bank
ECB’s Nagel Criticises Weakening of EU Fiscal Rules
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that the EU’s economic governance framework should not be weakened, and criticised the Commission’s proposal for reform of the EU’s fiscal rules.
25 May 2023
More ECB Rate Hikes Necessary, but Peak Is Approaching, Vasle Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is approaching the terminal rate necessary to bring inflation back to target, though further rate hikes will be necessary, ECB Governing Council member Boštjan Vasle said on Thursday.
25 May 2023
ECB’s de Guindos: Services Inflation ‘Most Worrisome’, Wages and Profits Also Need Monitoring
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Thursday that service prices were the most worrisome element of the inflation outlook and that policymakers were paying very close attention to wages and profits as supply pressures faded.
25 May 2023
Lagarde: Inflation Is ECB’s Main Priority, but Beware of Climate, Digital and Geopolitical Challenges
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s most immediate goal is to fight high inflation, but it also faces a number of other challenges, such as the climate crisis, geopolitical tensions and the digital transformation, ECB President Christine Lagarde said on Wednesday.
24 May 2023
Bundesbank Defies ECB Support of EU Commission Governance Reform Proposal
By Xavier D’Arcy – FRANKFURT (Econostream) – The Bundesbank issued a critical opinion of the European Commission’s proposals for new EU economic governance rules, contrasting with the European Central Bank’s positive assessment of the plans.
24 May 2023
Economic Conditions in Germany Favour Wage and Price Increases, Bundesbank Says
By Xavier D’Arcy – FRANKFURT (Econostream) – Currently high inflation in Germany is feeding through to wages and prices, with improved economic conditions and the better outlook for energy making it more likely that unions will push for high inflation compensation packages, the Bundesbank said on Wednesday.
24 May 2023
ECB’s Lagarde: Will Keep Rates at Restrictive Levels as Long as Necessary
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Wednesday said the ECB would maintain restrictive interest rates however long it took to get back to price stability in timely fashion.
24 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. We include only comments made since the Governing Council meeting of 4 May.
23 May 2023
‘Several More Interest Rate Steps Will Be Necessary’, ECB’s Nagel Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank needs to hike rates several more times in its fight against inflation, Governing Council member Joachim Nagel said on Tuesday.
23 May 2023
ECB Insight: Lane Back at Work Setting the Monetary Policy Record Straight for the Doubters
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday said that Europe was now in part two of the current inflation story and that monetary policy should be forward-looking, maybe.
23 May 2023
Fiscal-Monetary Conflict Bigger Concern Than Financial Risks From ECB Rate Hikes, de Guindos Says
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Tuesday that the conflict between monetary and fiscal policies concerned him far more than financial stability risks stemming from rate hikes.
23 May 2023
ECB’s Lane: Markets Expect Timely Return to Price Stability
By David Barwick – VIENNA (Econostream) – European Central Bank Executive Board member Philip Lane on Monday extolled the solid anchoring of financial market expectations and highlighted the importance of this for monetary policy.
22 May 2023
ECB Could Hike or Pause at either of Its Next Three Meetings, Villeroy Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank could hike or pause at either of its next three meetings, but in any case should wrap up its hiking cycle by September at the latest, ECB Governing Council member François Villeroy de Galhau said on Monday.
22 May 2023
ECB’s Holzmann: Policymakers Must Ensure Their Instruments Will Really Work
By David Barwick – VIENNA (Econostream) – Policymakers should make sure that their tools will actually work as intended, and policies should be designed to mitigate any reluctance to deploy them, European Central Bank Governing Council member Robert Holzmann said Monday.
22 May 2023
ECB’s de Cos: Current Information Suggests That ‘We Still Have Some Way to Go’
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s process of monetary tightening is not quite at an end, ECB Governing Council member Pablo Hernández de Cos said Monday.
22 May 2023
ECB’s Stournaras: Greek Government Bonds ‘Just One Step Behind Investment Grade’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Sunday reiterated his expectation of a return of Greek sovereign debt to investment grade soon.
21 May 2023
ECB is Not Done Hiking Yet and Not Pausing, Lagarde Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank will not pause its rate hikes at its upcoming meeting, based on data available today, President Christine Lagarde said on Sunday.
21 May 2023
ECB Underestimated Inflation Persistence in March Projections, Schnabel Says
By Xavier D’Arcy – FRANKFURT (Econostream) – Inflation is looking stickier than the European Central Bank anticipated in its March projections, Executive Board member Isabel Schnabel said on Friday.
19 May 2023
Financial Stability Concerns Won’t Stop ECB Inflation Fight, Schnabel Says
By Xavier D’Arcy – FRANKFURT (Econostream) – Financial stability concerns do not pose an obstacle to the European Central Bank’s hiking cycle, ECB Executive Board member Isabel Schnabel said on Friday.
19 May 2023