By Isabel Teles – FRANKFURT (Econostream) – Economic activity in the euro area should keep on recovering during 2024 following the positive start to the year, according to the Economic Bulletin published Thursday by the European Central Bank.
1 August 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Edward Scicluna on Wednesday announced that he was temporarily leaving his position as Governor of the Central Bank of Malta to defend himself against charges of corruption.
31 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Some observers of the European Central Bank have reacted to the July euro area inflation data released Wednesday by reflexively inferring that they materially reduce the chances of a September rate cut. We feel a shrug would be the more appropriate reaction.
31 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – Despite some errors during the inflation surge of the recent past, the Eurosystem/ECB staff projections have been found overall to be as accurate as other benchmarks, according to the Economic Bulletin pre-release published Wednesday by the European Central Bank.
31 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday said that euro area inflation would remain elevated for some time but then converge to the target in the second half of 2025.
30 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The recent surge in inflation and subsequent monetary policy tightening had a stronger impact on the balance sheets of the euro area’s wealthier household than on those of the poorer ones, according to the Economic Bulletin pre-release published Tuesday by the European Central Bank.
30 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday said that the Olympic Games could be beneficial to the European economy at large as they would add to activity, consumption and confidence.
29 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The similarities between the French and the euro area’s economies make the single monetary policy a good fit for France, Agnès Bénassy-Quéré, Banque de France’s Deputy Governor, said Monday.
29 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The economic transformation in China impacts the country's trading partners, demanding a European response that ensures fairness on global markets, according to the Economic Bulletin pre-release published Monday by the European Central Bank.
29 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Hawkish though she may seem at first glance, European Central Bank Executive Board member Isabel Schnabel’s interview from Friday changes little to nothing in our view, and it is possible it was never meant to do much more.
29 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Friday said that although inflation was still seen reaching 2% next year, the ‘last mile’ narrative remained valid and September’s monetary policy decision was completely open.
26 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest consumer expectations survey, released Friday, showed that consumer expectations of future inflation remained at the same level in June as in May, when the lowest levels in almost three years had been hit.
26 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday said that the ECB should keep its monetary policy stance restrictive until price stability was durably restored.
25 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Thursday said that the ECB’s mandate was to ensure that banks managed climate-related risks properly.
25 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Wednesday said that in many cases, uncertainty called for a gradual approach to setting monetary policy.
24 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Wednesday said that while there had been progress in European banks’ governance in the past decade, there was still more to be done to strengthen the banking system.
24 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday said that the implementation of a permanent central fiscal capacity could contribute to crisis prevention in the euro area.
24 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that the most important element for the ECB in deciding on further rate cuts was confidence about the restoration of price stability at the end of next year.
23 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday said that the weight of the data provided by the surveys conducted by the ECB was increasing in the monetary policy analysis.
23 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – Common assumptions regarding consumers' experience and expectations of inflation may not be accurately capture the variety of inflation perceptions among different socioeconomic groups, according to findings presented in a research bulletin published Tuesday by the European Central Bank.
23 July 2024 Central Bank News