By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council’s monetary policy meeting on Thursday was more or less exactly as predicted by us in this space on Tuesday: uneventful, devoid of surprises, with the need for policy to stay restrictive reconfirmed and talk of rate cuts dismissed as premature.
25 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided again, as expected, to keep its three key interest rates unchanged.
25 January 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Wednesday said it was hard to predict for how long monetary policy in the euro area would need to remain restrictive.
24 January 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – We have a hard time imagining surprises emerging from this week’s European Central Bank Governing Council meeting, the stage having been so well set in the runup to the occasion.
23 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest Bank Lending Survey (BLS), released on Tuesday, showed that credit standards for loans to enterprises and households were tighter in the fourth quarter of 2023 and were expected to tighten further in the first quarter of 2024.
23 January 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 14 December, but earlier comments can still be seen in versions up to that of 08 December .
19 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday said that new patterns of consumption, trade and inflation were normalisation trends.
19 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that artificial intelligence could play an important role in the progress of capital markets.
18 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Wednesday said policies must be based on data and evidence.
17 January 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – It may well be that the European Central Bank will cut rates by the summer. We see this as being only just shy of a given, and that depends very little on the wiggle room in the words ‘by the summer’.
17 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Wednesday said that more information on wage developments was necessary before there could be a reduction in interest rates.
17 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Wednesday said that there was both an economic and a social side to reducing inflation.
17 January 2024 Central Bank News
By David Barwick – VIENNA (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Wednesday said that the likelihood of ECB policy easing would grow as the year 2024 progressed and in particular following the month of April.
17 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Wednesday said that to guarantee cybersecurity in the financial system it was necessary to be ahead of threats.
17 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Wednesday said that ECB interest rates had probably reached their peak and had to be maintained at the current level until there was confidence in the return to the inflation target.
17 January 2024 Central Bank News
By David Barwick – VIENNA (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Wednesday roundly rejected expectations of near-term easing of ECB monetary policy.
17 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that patience was necessary to assure price stability.
16 January 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Monetary policy in the euro area needs to remain restrictive for now and it is not clear when easing will become possible, European Central Bank Governing Council member Tuomas Välimäki said on Tuesday.
16 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Tuesday said that the path of inflation towards the ECB’s medium-term target was more relevant to a decision to reduce rates than spot inflation at the relevant moment.
16 January 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that the ECB’s next monetary policy move would be to reduce interest rates, probably this year, provided there were no surprises.
16 January 2024 Central Bank News