By David Barwick – SPLIT, Croatia (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday understatedly but resolutely discouraged very short-term rate cut expectations even as he recognised the progress in disinflation so far and voiced the anticipation that this would continue.
14 February 2024 Central Bank News
By David Barwick – SPLIT, Croatia (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday said that the ECB required additional time to obtain the data needed to give it confidence about the sustainable restoration of price stability.
14 February 2024 Central Bank News
By David Barwick – SPLIT, Croatia (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Wednesday said that the ECB was awaiting further data before cutting interest rates.
14 February 2024 Central Bank News
By David Barwick – SPLIT, Croatia (Econostream) – The European Central Bank is achieving success in its effort to get inflation under control, ECB Governing Council member Boris Vujčić said Wednesday.
14 February 2024 Central Bank News
By David Barwick – SPLIT, Croatia (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday said that he was optimistic about inflation developments.
14 February 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Tuesday said that the American Inflation Reduction Act (IRA) was inferior to Europe’s strategy in dealing with the climate transition, even if Europe had much room for improvement.
13 February 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday said that ECB would cut interest rates according to its success in restoring price stability.
13 February 2024 Central Bank News
By David Barwick – BRUSSELS (Econostream) - Following is the transcript of a brief chat that took place on 8 February 2024 between Econostream and Pierre Wunsch, Governor of the National Bank of Belgium and member of the Governing Council of the European Central Bank, following the latter’s presentation at a public event we reported on at the time.
12 February 2024 Central Bank News
By David Barwick – BRUSSELS (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Thursday said that while an argument could be made for deferring monetary policy easing until more data became available, the risks of deciding not to continue to wait were also not great.
12 February 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Monday said that monetary policy no longer had to create economic slack to get inflation under control.
12 February 2024 Central Bank News
By David Barwick – MADRID (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Monday said that Europe had to be particularly attentive to issues of suppy security and that regionalisation could supplant globalisation.
12 February 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos’ reluctance to pin a date to the ECB’s first rate cut should not obscure the fact that he is now apparently supportive of discussing the issue rather than continuing to keep it at arm’s length.
12 February 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 25 January, but earlier comments can still be seen in versions up to that of 19 January .
12 February 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Sunday declined to give explicit calendar guidance as to when ECB monetary easing might start, but confirmed that disinflation was well underway and observed that the next set of projections would determine how confident policymakers could be about the outlook.
11 February 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta on Saturday said that the moment to change the ECB’s monetary policy stance was coming soon.
10 February 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Expectations of a European Central Bank interest rate cut in March or April are optimistic, according to ECB Governing Council member Mārtiņš Kazāks on Friday.
9 February 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Friday said that central banks needed to keep up with innovation and technology to modernise finance.
9 February 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that positive developments in inflation increased the likelihood of an interest rate cut this year.
9 February 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – A new forward-looking wage tracker for the euro area provided data that could be used as an additional resource to understand the inflation trajectory, according to an occasional paper published Friday by the European Central Bank.
9 February 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday said that it was necessary to wait for incoming data before considering any changes in the ECB’s monetary policy stance.
8 February 2024 Central Bank News