By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Wednesday expressed confidence that euro area inflation will converge to the ECB’s 2% target over the medium term, according to remarks published by the Central Bank of Ireland (CBI).
10 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Tuesday that the long-term evolution of the international monetary system will hinge on slow-moving structural forces and that both the dollar’s traditional supports and the architecture of its main contenders are undergoing gradual change.
9 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s latest intervention does not mark a new “turn” so much as the clearest consolidation of a line she has been following for months: small, forecast-based undershoots of 2% can be tolerated, while the real dangers still run to the upside.
9 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday underscored both the opportunities and challenges posed by rapid advances in artificial intelligence, arguing that central banks must embrace the technology while remaining anchored in their public mandates.
9 December 2025By David Barwick – FRANKFURT (Econostream) – Ireland’s National Treasury Management Agency on Tuesday said it plans to issue €10 billion to €14 billion of bonds in 2026.
9 December 2025
By David Barwick – FRANKFURT (Econostream) – Isabel Schnabel’s interview on Monday produced one line that overshadowed the entire exchange. Asked at the very end whether she could be the German to become the next ECB president, she answered: “If I was asked, I would stand ready.”
8 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said the ECB would have no reason to adjust interest rates for some months and should remain alert to certain upside risks to inflation.
8 December 2025
By David Barwick – FRANKFURT (Econostream) – What stood out in our interview published today with European Central Bank Governing Council member Olli Rehn was not a call for action, but the conspicuous lack of one — a shift in emphasis that, from a policymaker previously among the quickest to flag downside risks, might register as an uncharacteristically firm stance.
8 December 2025
By David Barwick – HELSINKI (Econostream) – Following is the full transcript of the interview conducted by Econostream on 5 December 2025 with Olli Rehn, Governor of the Bank of Finland and member of the Governing Council of the European Central Bank:
8 December 2025
By David Barwick – HELSINKI (Econostream) – Reduced US Federal Reserve autonomy would “logically” produce structurally higher US inflation with consequences for European monetary policy, according to European Central Bank Governing Council member Olli Rehn.
8 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Monday said interest rates were “in a good place” and likely to stay unchanged “for some time,” adding that markets and survey participants now expected the ECB’s next move to be a hike.
8 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Saturday said medium-term inflation risks were “slightly tilted to the downside,” with subdued energy prices, a stronger euro and moderating services and wage pressures weighing on the outlook.
7 December 2025
By Marta Vilar – MADRID (Econostream) – Belgium expects to issue €51.6 billion in OLOs in 2026, an increase of €5.9 billion from the €45.7 billion the Debt Agency projects for 2025, according to its funding plan released Friday by the Belgian Debt Agency.
5 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Friday that even minor but persistent deviations from the ECB’s inflation target could affect inflation expectations, stressing that the ECB should not tolerate a sustained undershoot.
5 December 2025
By Marta Vilar – MADRID (Econostream) – The ECB Tone Meter moved slightly dovish this week, with the Governing Council reading at -0.12, which we classify as broadly neutral but still with a marginal dovish tilt, and the Executive Board at +0.05, which we view as neutral with a very marginal hawkish lean.
5 December 2025
By Marta Vilar – MADRID (Econostream) – Austria’s federal financing agency (OeBFA) plans to issue €43–47 billion in Austrian government bonds (RAGB) and €2–4 billion in short-term instruments next year, according to its 2026 Funding Outlook, issued Thursday.
4 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Thursday that economic growth in the euro area had been subdued and was expected to remain moderate in coming years.
4 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Piero Cipollone said on Thursday that if upside risks fail to materialize, the ECB would need to cut interest rates.
4 December 2025
By David Barwick – FRANKFURT (Econostream) – Philip Lane’s Ljubljana speech on Wednesday reads like a belated attempt to pull ECB communication back toward its own strategy just as Governing Council members work to downplay the significance of what looks increasingly like another projected undershoot in 2028.
3 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that the ECB had been witnessing a “very good transmission” of its monetary policy stance for many quarters.
3 December 2025