By David Barwick – FRANKFURT (Econostream) – The European Central Bank may need to move interest rates into mildly restrictive territory, depending on the development of energy prices and the broader inflation picture, ECB Governing Council member and Deutsche Bundesbank President Joachim Nagel said Friday.
11 September 2026
By David Barwick – FRANKFURT (Econostream) – There are no material signs of second-round inflation pressures in the euro area, while inflation expectations remain under control, European Central Bank Governing Council member and Central Bank of Cyprus Governor Christodoulos Patsalides said Friday.
11 September 2026
By David Barwick – FRANKFURT (Econostream) – Market participants have increased their expectations of European Central Bank tightening and do not exclude that the deposit rate will reach 3.25% by mid-2027, ECB Governing Council member and Banka Slovenije Governor Primož Dolenc said Friday.
11 September 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Emmanuel Moulin on Friday backed yesterday’s 25bp rate hike, saying stronger Eurozone growth and inflation still running well above target justified the move.
11 September 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde said Thursday the ECB would make every effort to ensure that inflation returned to its 2% medium-term target.
10 September 2026
By David Barwick – FRANKFURT (Econostream) – The European Central Bank was hawkishly noncommittal on Thursday, presenting its widely expected decision to raise the deposit rate by 25bp to 2.50% as an obvious response to a more persistent inflation overshoot while refusing to offer any indication of when or even in which direction it might move next.
10 September 2026
By Marta Vilar – BERLIN (Econostream) – European Central Bank President Christine Lagarde said on Thursday that the Governing Council’s decision to raise interest rates by 25bp was unanimous and a “no-brainer,” while reiterating that the move was “robust” across all the ECB’s scenarios.
10 September 2026
By David Barwick – FRANKFURT (Econostream) – The European Central Bank raised interest rates by 25bp on Thursday, as expected, and presented a distinctly less benign medium-term inflation outlook, but stopped short of signaling another increase.
10 September 2026
By Marta Vilar – BERLIN (Econostream) – The European Central Bank’s Governing Council on Thursday raised its key interest rates by 25bp, while updated staff projections showed higher headline and core inflation in the coming years alongside stronger economic growth.
10 September 2026
By David Barwick – FRANKFURT (Econostream) – Europe needs deeper integration in capital, energy and other markets if it is to become a major player in artificial intelligence and safeguard its economic sovereignty, European Central Bank Governing Council member Joachim Nagel said Wednesday.
9 September 2026
By David Barwick – FRANKFURT (Econostream) – An OMFIF commentary published Tuesday on the race to succeed European Central Bank President Christine Lagarde is curious in more ways than one, starting with its treatment of what is arguably the most important information it contains: that Lagarde is expected to announce after Thursday’s Governing Council meeting in Berlin that she intends to leave the ECB early next year.
9 September 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde is likely after Thursday’s Governing Council meeting in Berlin to state her intention to leave the ECB early next year, according to OMFIF on Tuesday.
9 September 2026
By David Barwick – FRANKFURT (Econostream) – European banks are being held back by fragmented markets rather than prudential requirements, European Central Bank Executive Board member Frank Elderson said Tuesday, arguing that simplifying regulation should not mean lowering capital standards.
8 September 2026
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is all but certain to raise interest rates by another 25bp on Thursday, the more consequential question thus being how it handles expectations that further tightening may still be needed in the months ahead.
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Survey Period: 2nd September to 7th September 2026
8 September 2026
- All 24 respondents expect a 25bp September hike
- 2.50% dominant rate call at end-2026, end-H1 2027 and end-2027
- 58% of those expecting 2.50% at end-2027 see risks as balanced
- 2027 HICP projection seen 0.2pp higher at 2.5%
- Core inflation seen at 2.5% through 2027; growth outlook slightly stronger
- Majority expects Lagarde to retain mild tightening bias beyond September
By Marta Vilar – MADRID (Econostream) – Econostream’s ECB Tone Meter rose significantly this week at the Governing Council level while the Executive Board reading was little changed, as more national central bank governors made explicit calls for a rate move at next week’s meeting.
4 September 2026
By Marta Vilar – MADRID (Econostream) – Following is a collection of views expressed by ECB Governing Council members on various topics closely related to next week’s rate-setting meeting and the further evolution of monetary policy.
4 September 2026
By David Barwick – FRANKFURT (Econostream) – A possible early departure of European Central Bank Executive Board member Isabel Schnabel for the International Monetary Fund looks entirely plausible despite her previous declaration that she intended to serve out her term. It would constitute a significant loss for the hawkish wing of the Governing Council.
4 September 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel is in talks with the International Monetary Fund about taking over its Monetary and Capital Markets Department, German financial daily Handelsblatt reported Thursday.
3 September 2026