By David Barwick – FRANKFURT (Econostream) – The option of a pause at the 14 September meeting of the European Central Bank Governing Council has hardly clinched the outcome, but the ECB’s latest consumer expectations survey, released Tuesday, is more wind in the sails of the Council doves.
8 August 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s consumer expectations survey, released Tuesday, showed expectations in June of inflation in one year as well as three years ahead down versus May.
8 August 2023 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 27 July, but earlier comments can still be seen in versions up to that of 24 July .
4 August 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that inflation in the euro area would decline substantially in the latter part of 2023.
4 August 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Thursday called for monetary policy to be set so as to avoid needlessly hurting the economy.
3 August 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday said that despite the generally positive conclusions of the latest banking system stress test, Europe's banks should be conservative when it comes to dividends.
2 August 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The option of a pause at the 14 September meeting of the European Central Bank Governing Council appears to enjoy an early lead versus the lone alternative of yet another hike, but with most Council members not having pronounced themselves since last Thursday’s decision, it is too soon to call an outcome that will depend to a large extent on data available only when the time comes.
1 August 2023 Central Bank News
They Said It - Recent Comments of ECB Governing Council Members
31 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on reiterated his opposition to further increases in euro area official interest rates.
31 July 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – A decision by the European Central Bank not to raise interest rates would not necessarily signify the end of its rate hike cycle, President Christine Lagarde said on Sunday.
30 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Econostream has updated our hawk-dove ranking to take into account the passage of the last monetary policy meeting, so that the columns indicating voting status include only future meetings – as of today, 14 September, 26 October and 14 December.
28 July 2023 Central Bank News
By David Barwick – LJUBLJANA (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB was confronting a changed situation in which the next monetary policy decisions were not as clear as they had been previously.
28 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Friday said that the ECB was not done after yesterday’s 25bp hike and that it should continue with a ‘firm step’ towards price stability.
28 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday said that it was difficult to imagine that the ECB would hike rates in September.
28 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that with monetary policy transmission requiring time, perseverance had become the principal virtue to govern coming policy decisions.
28 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Prone though she may be to missteps, European Central Bank President Christine Lagarde got through Thursday’s post-Governing Council meeting press conference without any obvious and serious blunders, and in particular was merely misinterpreted by some to have said that the ECB had no more ground to cover.
28 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the stubbornly robust labour market posed a threat to core inflation.
28 July 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Friday that the fight against high inflation was not yet over in the Eurozone.
28 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday left the evolution of monetary policy in the coming months entirely up to incoming data, except to make clear that a cut was not one of the options that stood a chance of being considered.
27 July 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Yet again, the principal outcome of the European Central Bank’s Governing Council meeting this Thursday seems beyond dispute, given the lack of any obviously adequate reason to backtrack from the 25bp rate hike consistently signalled over the last weeks. It thus once more comes down to how the ECB frames its attitude toward policy decisions ahead.
25 July 2023 Central Bank News