By David Barwick – FRANKFURT (Econostream) – The Bank for International Settlements on Friday said central banks face major challenges in adopting artificial intelligence, including high costs, cyber vulnerabilities, data governance risks and the need for stronger cooperation to manage technology dependence and talent shortages.
10 October 2025
By David Barwick – FRANKFURT (Econostream) – The account of the ECB’s September Governing Council meeting reads like a textbook case for patience: inflation “close to the 2% medium-term target,” risks “on both sides,” and – as in July – “a high option value to waiting for more information.”
9 October 2025
By Marta Vilar – MADRID (Econostream) – A further rate cut in the coming months could help protect the European Central Bank’s inflation target under both the baseline outlook and adverse scenarios, but upside risks argued for leaving policy rates unchanged, the accounts of the Governing Council’s latest meeting showed Thursday.
9 October 2025
By David Barwick – FRANKFURT (Econostream) – Incoming European Central Bank Governing Council member Álvaro Santos Pereira’s insistence that he is “definitely not a dove” invites a natural question: if not a dove, then what? The answer, at least for now, is that the new Banco de Portugal governor’s self-characterization looks more rhetorical than substantive — a positioning move rather than a signal of hawkish conviction.
9 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone said the ECB’s goal in developing a digital euro was to preserve citizens’ freedom to pay with public money in a digital form, not to eliminate cash.
9 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said that with inflation near the ECB’s target and expected to remain there, the current level of interest rates was appropriate.
8 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Wednesday predicted a gradual recovery of the euro area’s economy.
8 October 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Wednesday that there had been no indication from the ECB that an interest rate cut was more probable than a hike.
8 October 2025
By David Barwick – FRANKFURT (Econostream) – Banca d’Italia Governor Fabio Panetta on Wednesday called for renewed international cooperation to address unsustainable debt in low-income countries, arguing that solidarity was essential to global stability.
8 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Wednesday warned of medium-term downside risks to price stability.
8 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday urged Europe to strengthen the international role of the euro, arguing that the bloc must move beyond being a “passive safe haven” and build the conditions for the single currency to become a true global force.
7 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday urged the German government to move quickly on structural reforms to revive weak productivity growth, warning that the country’s long-term prosperity was at stake.
7 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday said that the euro area’s disinflationary phase had ended, with inflation around 2% and expected to remain near that level.
6 October 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Álvaro Santos Pereira said on Monday that the ECB was entering a period of normality in its monetary policy.
6 October 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Monday that the ECB’s interest rate level remained appropriate as long as the baseline scenario continued to hold, while stressing the need for agility if conditions change.
6 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Chief Economist Philip Lane’s first major appearance in months was ostensibly a defense of the ECB’s balanced approach to policy, but beneath the calm language of symmetry and data dependence ran a clear subtext: disinflation risks still dominate, and the intellectual groundwork for further easing remains in place.
6 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Monday called inflation risks in the euro area balanced and interest rates appropriate, but urged caution.
6 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Chief Economist Philip Lane on Monday said the euro area’s inflation outlook had become “much more benign” and that monetary policy decisions would depend on how upside and downside risks to price stability evolve.
6 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde may have spoken off the cuff when she described Klaas Knot as fully qualified to succeed her, but her words carry political weight that will not go unnoticed in euro area circles: her assessment of the former De Nederlandsche Bank chief as someone who “could, absolutely” lead the ECB is as close as an incumbent can come to signaling approval in such a politically charged context.
6 October 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Sunday confirmed that former Governing Council member Klaas Knot had the requisite qualities to be ECB president.
5 October 2025