By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the size of future ECB rate hikes would depend on medium-term inflation prospects.
9 September 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that Thursday’s 75bp rate hike should not be interpreted as the new standard for ECB moves.
9 September 2022
By David Barwick – FRANKFURT (Econostream) – Thursday's 75bp hike by the European Central Bank could entail sacrifices in terms of economic growth and employment, ECB Governing Council member Yannis Stournaras warned on Friday.
9 September 2022
By David Barwick – FRANKFURT (Econostream) – Along with financial markets and most analysts, Econostream considers the somewhat likelier outcome of this week’s European Central Bank monetary policy meeting to be a hike of 75bp.
6 September 2022
By David Barwick – FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members very directly related to monetary policy’s next steps. We only include forward-looking comments made recently enough to be current. Updates are made on a periodic basis.
6 September 2022
By David Barwick – FRANKFURT (Econostream) – Much like we did six weeks ago in the context of a potential 50-basis-point rate hike, we again consider the European Central Bank Governing Council member by member, this time with respect to the feasibility of a 75-basis-point hike at Thursday’s meeting.
5 September 2022
By David Barwick – FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members very directly related to monetary policy’s next steps. We only include forward-looking comments made recently enough to be current. Updates are made on a periodic basis.
5 September 2022
By David Barwick – FRANKFURT (Econostream) – The next set of European Central Bank staff macroeconomic projections for the euro area, due to be unveiled on Thursday, will see medium-term inflation little changed, while forecasts for 2023 will include substantial revisions to both inflation (upwards) and growth (downwards), an ECB insider told Econostream.
1 September 2022
Exclusive: ECB’s Stournaras: Misguided to Hike Rapidly at the Risk of Needing to Backtrack Soon
- Stournaras: ‘Should err on the side of caution rather than on the side of speed’
- Stournaras: Unwarranted wage growth would justify aggressive hiking, but wage growth ‘okay’
- Stournaras: Would like monetary policy to normalise without destabilising output
- Stournaras: ‘Don’t think we’re anywhere close to actual action’ with respect to QT
- Stournaras: QT now ‘could make the situation much more difficult for the real economy’
- Stournaras: TLTRO redemptions to bring ‘a lot of shrinking’ to ECB balance sheet
By David Barwick – ALPBACH, Austria (Econostream) – Various members of the European Central Bank Governing Council on Tuesday split along well-established hawk-dove lines with regard to their respective views of the appropriateness of aggressive monetary policy action in the face of gathering economic clouds.
30 August 2022
By David Barwick – FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members very directly related to monetary policy’s next steps. We only include forward-looking comments made recently enough to be current. Updates are made on a periodic basis.
26 August 2022
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 20-21 July, released by the ECB on Thursday, confirmed the substantial support of the Governing Council for a rate hike of 50 basis points as a signal of ability to respond to altered circumstances.
25 August 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that inflation would return to 2% but that it was uncertain when and that staff macroeconomic projections by themselves could not be relied on.
25 August 2022
By David Barwick – FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members very directly related to monetary policy’s next steps. We only include forward-looking comments made recently enough to be current. Updates are made on a periodic basis.
5 August 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank must and will hike interest rates further to keep elevated inflation from becoming entrenched, according to ECB Governing Council member Mārtiņš Kazāks late Wednesday.
4 August 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will continue to normalise policy, but will do so on a meeting-to-meeting basis, the ECB said on Thursday, warning again of spreading price pressures.
4 August 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s consumer expectations survey, released Thursday for the first time, showed increases in June both in the perception of past inflation and in expectations of future inflation.
4 August 2022
By David Barwick – FRANKFURT (Econostream) – Although second-round effects in response to more expensive energy have not generally been seen since the common currency’s advent, persistently elevated inflation makes it more likely that these will occur, the European Central Bank said on Wednesday.
3 August 2022
By David Barwick – FRANKFURT (Econostream) – It remains unknown when euro area companies will begin to devote the net savings accrued during the pandemic to investment, though there are opportunities in need of considerable funding, the European Central Bank said on Wednesday.
3 August 2022
By David Barwick – FRANKFURT (Econostream) – The positive impact on growth and negative impact on inflation of fiscal measures taken by euro area countries in response to Russia’s war of aggression will be felt primarily in the current year, the European Central Bank said on Monday.
2 August 2022