By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that a return to price stability in the euro area was in sight.
22 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Tuesday that the baseline scenario of the ECB's September projections was still the most likely one.
22 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Peter Kažimír said on Monday that the most recent interest rate cut should not be seen as a sign of triumph over inflation.
21 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Gediminas Šimkus said on Monday that larger interest rate moves than the current 25bp steps were not necessary.
21 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks said on Monday that if inflation turned out to be lower than expected in the coming months, then the ECB's 2% target would be reached before the end of 2025.
21 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Boštjan Vasle warned on Sunday that wage growth could still register an uptick.
20 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Saturday that inflation would reach the ECB's 2% target in the first part of 2025.
19 October 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Financial markets, we suspect, are seeing the European Central Bank Governing Council’s decision on Thursday a tad too strongly through the prism of wishful thinking.
18 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Friday that despite near-term rises in monthly inflation data, the ECB should reach its inflation target before Q4 2025.
18 October 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday said that a slower decline of core inflation could change expectations of the ECB’s rate path.
18 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – The European Central Bank Survey of Professional Forecasters for the fourth quarter of 2024, published on Friday, showed inflation expectations for 2025 revised down to 1.9% but otherwise unchanged.
18 October 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Inflation in the euro area could still remain too high due to elevated services prices and wage increases, European Central Bank Governing Council member Madis Müller said Friday.
18 October 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that there was no predetermination regarding the ECB’s next steps after Thursday’s rate cut, and that inflation would be back at 2% sometime next year.
18 October 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The data at the disposal of the European Central Bank’s Governing Council during today’s monetary policy meeting must have been quite unambiguous indeed.
17 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) - European Central Bank President Christine Lagarde on Thursday said that every data set received since the last Governing Council meeting had pointed to lower inflation.
17 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) - The European Central Bank’s Governing Council decided on Thursday to cut each of its three key interest rates by 25bp, as widely expected by markets and analysts.
17 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that Europe should embrace changes in the global economy, as these could represent an opportunity if met correctly.
16 October 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde might be well advised to resist her usual instincts and refrain from seeking unanimous support for the rate cut we expect to emerge from this week’s Governing Council meeting.
15 October 2024 Central Bank News
By Marta Vilar – The European Central Bank’s latest Bank Lending Survey, released on Tuesday, showed that recent interest rate cuts did not ease credit standards for loans to enterprises and consumer credit in the Eurozone in 3Q24.
15 October 2024 Central Bank News
By Marta Vilar – MADRID (Econostream) – Faster disinflation and weaker economic growth are not the only arguments wielded by European Central Bank Governing Council members in support of a rate cut this week. Cracks in the area’s labour market are also increasingly cited by authorities wanting to ease monetary policy further.
14 October 2024 Central Bank News