By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday indicated that financial markets might not have appropriately assessed the timing of an ECB rate hike, given the absence now of automaticity between the end of net purchases and rates lift-off.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – After only last month finally starting to take upside inflation risks as seriously as many of her European Central Bank Governing Council colleagues had taken them for some time, President Christine Lagarde made it clear on Thursday that, ‘watershed’ event or not, for now Russia’s assault on Ukraine was not going to deter the ECB from pursuing normalisation.
10 March 2022
By David Barwick – FRANKFURT (Econostream) – Russian military aggression against Ukraine has deflationary implications for the medium term and warrants caution on the part of policymakers, according to European Central Bank Governing Council member Yannis Stournaras on Tuesday.
8 March 2022
ECB President Christine Lagarde is likely to maintain course towards monetary policy normalisation but to stress optionality, gradualism and flexibility
8 March 2022
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. Updates are made on a periodic basis.
8 March 2022
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on March 02 with Mārtiņš Kazāks, Governor of Latvijas Banka and member of the Governing Council of the European Central Bank:
2 March 2022
- Outlook more uncertain, war adds quite a few negatives to outlook
- Ending asset buys in Q3 still possible, but let’s assess situation first
- Must ultimately normalise monetary policy and cannot forget about this
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has seen to it that the updated staff economic projections to be released next week will take into account Russian military aggression, Executive Board member Philip Lane said Wednesday.
2 March 2022
By David Barwick – FRANKFURT (Econostream) – A week having passed since our last review of where each European Central Bank Governing Council member stands on the question of whether or not to start hiking interest rates this year, we want to take another look at the issue.
1 March 2022
By David Barwick – FRANKFURT (Econostream) – Three months after his last public comments on monetary policy, European Central Bank Executive Board member Fabio Panetta on Monday clung as tenaciously as ever to accommodative monetary policy.
28 February 2022
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. Updates are made on a periodic basis.
28 February 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank early Monday announced that Sberbank Europe AG, a wholly owned subsidiary of Russia’s Sberbank, was, along with its subsidiaries in Croatia and Slovenia, ‘failing or likely to fail owing to a deterioration of their liquidity situation.’
28 February 2022
By David Barwick – FRANKFURT (Econostream) – Russian military aggression against Ukraine has deflationary implications for the medium term and is a reason to take special care not to tighten monetary policy too early, according to European Central Bank Governing Council member Yannis Stournaras.
28 February 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday declined to speculate as to the ultimate economic impact on the euro area of Russian dictator Vladimir Putin’s aggression against Ukraine (transcript of her remarks here ), but noted that there would be opposing effects while also suggesting that price and financial stability would ultimately decide the course of monetary policy.
25 February 2022
By David Barwick – PARIS (Econostream) – Following is the full transcript of the most relevant comments made by European Central Bank President Christine Lagarde at the press conference during the Informal Ecofin on Friday:
25 February 2022
By David Barwick – FRANKFURT (Econostream) – That geopolitical turmoil without precedent in Europe in the last 75 years should lead the European Central Bank to tread with heightened caution is entirely understandable, and it would be more than odd if it didn’t. We think this truism is essentially what Governing Council member Robert Holzmann had in mind on Thursday.
25 February 2022
By David Barwick – FRANKFURT (Econostream) – It was never likely to take long for those European Central Bank Governing Council members fundamentally disinclined to tighten monetary policy to hang their hat on what until late yesterday was still just a looming invasion of Ukraine by Russian dictator Vladimir Putin.
24 February 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council Philip Lane on Wednesday sounded at pains to meet the hawks part way while implicitly rejecting the more alarmist views about price pressures as he conveyed his main message: that high inflation would ultimately give way to price stability.
24 February 2022
By David Barwick – FRANKFURT (Econostream) – There are good reasons for monetary policy to remain steady, European Central Bank Governing Council member Mario Centeno said Thursday.
24 February 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the geopolitical situation made optionality and flexibility more important than ever for monetary policy.
23 February 2022