By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday seemed to want to frame a potential June rate cut in strictly conditional terms, meaning data-dependent, only to then utter words that we understood as firmly endorsing a cut and indeed policy easing in general.
22 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel late Tuesday said that a possible first interest rate cut in June did not mean that others would follow immediately, as there was still some level of uncertainty.
22 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday said that she was confident about reaching price stability, as some of the factors that had impacted inflation were fading away and the forecasts were close to the ECB’s target.
22 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Monday said that the non-bank financial intermediation (NBFI) sector should be strengthened as its close connections to banks could pose risks to financial stability.
20 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that it was necessary to anticipate the risks arising from the increasing participation of funds in financial intermediation.
20 May 2024 Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – The process of reducing interest rates should be cautious and gradual, European Central Bank Governing Council member Mārtiņš Kazāks said Monday.
20 May 2024 Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – The robustness of the financial system in Central, Eastern, and South-Eastern Europe requires better integration, European Central Bank Governing Council member Boštjan Vasle said Friday.
17 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Friday said that inflation had been behaving positively but that it was still necessary to monitor risks, especially related to wages.
17 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Friday said that she did not consider an interest rate cut in July justified, and that the ECB should proceed cautiously after a possible first move in June.
17 May 2024 Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – A June interest rate cut is highly probable, but subsequent rate cuts require more information, European Central Bank Governing Council member Boštjan Vasle said Friday.
17 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the inflation outlook provided enough confidence for a first interest rate cut soon and that this was likely to happen in June.
16 May 2024 Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – Excess liquidity would persist and short-term money market interest rates would remain close to the deposit facility rate, European Central Bank Governing Council member Joachim Nagel said Thursday.
16 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Thursday said that expectations of interest rate cuts were justified in view of disinflation towards the ECB's 2% target.
16 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Thursday said that even amid evidence of resilience in the euro area banking sector, it was important to consider potential risks to financial stability.
16 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – Despite having progressed since last November, the outlook for financial stability in the euro area is still fragile, according to the May 2024 Financial Stability Review published on Thursday by the European Central Bank.
16 May 2024 Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks said on Thursday that there was no need to rush rate cuts after June 6.
16 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that ECB interest rate cuts must consider the impact on economic activity.
15 May 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council is increasingly cautious about prospects for monetary easing beyond the policy meeting in three weeks, though that should not mislead anyone into questioning a June rate cut, according to three Eurosystem insiders who spoke to Econostream recently.
15 May 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Wednesday said that the effort towards a green transition must include risk forecasting and mitigation of the effects of climate-related events.
15 May 2024 Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – Interest rates could be cut in June if confidence in the sustainability of disinflation towards 2% kept increasing, European Central Bank Governing Council member Olli Rehn said Wednesday.
15 May 2024 Central Bank News