By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday offered a familiar-sounding case for patience that, on closer inspection, carries a more pointed time signal than the ECB’s post-forward-guidance orthodoxy usually permits.
19 December 2025
By David Barwick – FRANKFURT (Econostream) – It remains too soon to predict what will happen with European Central Bank monetary policy in the second half of next year, according to Governing Council member Madis Müller on Friday.
19 December 2025
By David Barwick – FRANKFURT (Econostream) – Bank of Slovenia Deputy Governor Primož Dolenc on Friday said that the euro area economy had been unexpectedly robust and that financing conditions would continue to provide support.
19 December 2025
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s December meeting delivered what pre-meeting signaling had engineered: a unanimous hold, a reaffirmation of the “good place” mantra, and an explicit refusal to validate any market narrative about the direction of the next move — despite projections and rhetoric that look more consistent with a tightening bias than with renewed easing.
18 December 2025
By Marta Vilar – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that the Governing Council unanimously agreed to keep all policy options open, stressing that while the ECB remains “in a good place”, its stance should not be seen as frozen.
18 December 2025
By Marta Vilar – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday left its key interest rates unchanged and released updated staff projections pointing to stronger growth across the forecast horizon and inflation at 2.0% in 2028.
18 December 2025
By David Barwick – FRANKFURT (Econostream) – The list of euro area officials seeking to become European Central Bank vice president when current officeholder Luis de Guindos’ term ends on June 1, 2026, has grown with the addition of a Lithuanian candidate, Econostream understands.
18 December 2025
By Marta Vilar – MADRID (Econostream) - Germany is set to scale up its sovereign debt issuance next year, with the Federal Republic now planning to refinance and borrow a total of about €512 billion through auctions of federal securities in 2026 plus three conventional syndications, according to the latest issuance outlook, published by the German Finance Agency on Thursday.
18 December 2025
By David Barwick – FRANKFURT (Econostream) – Two days before the European Central Bank’s final monetary policy decision of the year, all meaningful signals point to a unanimous hold, a press conference focused on interpreting the updated projections and managing the risk that a stronger macro outlook is misread as a signal of impending monetary tightening, and a policy outlook that keeps rates at 2% well into 2026 absent a significant shock.
16 December 2025
By David Barwick – FRANKFURT (Econostream) – The formal launch last week of the race to succeed European Central Bank Vice President Luis de Guindos has had one immediate effect: it has made Portugal’s refusal to commit publicly to Mário Centeno look less like caution and more like strategy.
15 December 2025
By Marta Vilar – MADRID (Econostream) – The Dutch State Treasury Agency plans to raise around €50bn in Dutch State Loans (DSLs) in 2026, while beginning to shorten the target minimum average maturity of its debt portfolio under a newly adopted debt management framework, according to its Outlook 2026, published on Friday.
12 December 2025
ECB Comment Recap: Broad Support for Holding Rates, Some Debate Persists on Response to Inflation Deviations
12 December 2025By David Barwick – FRANKFURT (Econostream) – The European Investment Bank on Thursday said it expects to raise €60 billion in 2026.
11 December 2025
By Marta Vilar - MADRID (Econostream) - European Central Bank Vice President Luis de Guindos said on Thursday that the ECB’s proposed supervisory simplifications would make Additional Tier 1 instruments more akin to equity.
11 December 2025.png)
By Marta Vilar – MADRID (Econostream) – The ECB’s Governing Council’s tone in the ECB Tone Meter moved above 0 on Wednesday for the first time this cycle, following comments from an Executive Board member who opened the door to an interest rate hike as the next move and a shift by several previously dovish Council members who now explicitly support holding rates steady in December.
10 December 2025
By David Barwick – FRANKFURT (Econostream) – The European Central Bank remains in a good place, given current inflation and interest rates, ECB Governing Council member Mārtiņš Kazāks said Wednesday.
10 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that it would likely be “wise” to keep interest rates at their current levels for now while maintaining flexibility, adding that there was no reason to a expect a hike in the near future.
10 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that she expects another upward revision to growth forecasts at the Governing Council’s December meeting.
10 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gediminas Šimkus said Wednesday that ECB interest rates don’t need to be lowered further, pointing to stronger-than-expected economic activity and inflation close to the ECB’s medium-term target.
10 December 2025
By David Barwick – RIGA (Econostream) – Chinese exports to Europe will likely intensify further, with ramifications for euro area monetary policy, according to European Central Bank Governing Council member Mārtiņš Kazāks on Tuesday
10 December 2025