By Marta Vilar – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided to cut its key interest rates by 25bp, as widely expected by markets and analysts.
12 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – At Econostream we’ve been nothing if not consistent for almost seven weeks about playing down expectations that the European Central Bank Governing Council would cut by 50bp in December. Already on 18 October we contended that markets were indulging in wishful thinking.
10 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that he had no problem easing monetary policy further next week, but that the process should be gradual.
4 December 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that the ECB was not yet at the point at which it could shift its policy stance to one more forward-looking as rates were still restrictive.
4 December 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Olli Rehn said on Wednesday regarding the size of December's rate cut that the ECB should preserve sufficient room to react.
4 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) - European Central Bank President Christine Lagarde on Wednesday gave no hint as to next week’s monetary policy decision, reiterating the ECB’s refusal to pre-commit and the expectation that inflation would subside to the ECB’s 2% target sometime next year.
4 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council should have no problem coming to a decision next week to cut rates by 25bp, ECB Governing Council member Boris Vujčić said Wednesday.
4 December 2024 Central Bank News
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – Although one large investment bank recently saw fit to change its call for the European Central Bank Governing Council’s 12 December monetary policy meeting from 25bp to 50bp, at Econostream we see little reason to doubt our expectation that the smaller option will prevail next week.
4 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the ECB would reach its 2% inflation target no later than the middle of next year.
4 December 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Robert Holzmann said on Tuesday that the ECB’s interest rate move next week would be ‘moderate’.
3 December 2024 Central Bank News
By Marta Vilar – BARCELONA (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Tuesday that Europe would need a fair amount of resources to grow sustainably and be strategically independent.
3 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Monday said that there were grounds for the ECB to lower borrowing costs further this month.
2 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday said that the ECB would further cut interest rates this month.
2 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Christodoulos Patsalides on Monday said that disinflation was proceeding well but that services inflation was still an issue.
2 December 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that the ECB Governing Council would react symmetrically to threats of undershooting and overshooting its inflation target.
2 December 2024 Central Bank News
By Marta Vilar – S’AGARÓ, SPAIN (Econostream) – European Central Bank Vice President Luis de Guindos said on Friday that the December monetary policy meeting of the ECB Governing Council would deliver just ‘one more step’ on the downward trajectory of interest rates.
29 November 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday said that a 25bp cut was the most probable outcome of the ECB’s next monetary policy meeting.
29 November 2024 Central Bank News
By Marta Vilar – S’AGARÓ, SPAIN (Econostream) – European Central Bank Vice President Luis de Guindos said on Friday that the latest Eurozone CPI data were positive and consistent with the ECB’s projections.
29 November 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – It is no surprise that on Thursday, the day French sovereign spreads surpassed Greece’s, European Central Bank Governing Council member François Villeroy de Galhau publicly reaffirmed his devotion to a more dovish monetary policy stance.
29 November 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday said that countries acting together stood the best chance of rising to the challenge of the diverse structural changes underway.
28 November 2024 Central Bank News