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ECB: Consumer Expectations of Future Inflation Virtually Unchanged

By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s consumer expectations survey, released Friday, showed that in January, median expectations of inflation over the next 12 months rose slightly from 3.2% to 3.3%, while expectations over the next three years remained stable at 2.5%.

ECB’s Schnabel: Financial Conditions Easing Even With Interest Rates on Hold

By Isabel Teles – MILAN, Italy (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Friday said that there was evidence showing that financial conditions were already easing in anticipation of an ECB interest rate cut.

ECB’s Knot: European Single Market to Reverse Global Fragmentation

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday said that a realistic approach to economic fragmentation was necessary and that a strong European Single Market could contribute to reversing fragmentation. 

ECB’s Centeno: Must Be Open to Discussing Interest Rate Cuts in March

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Friday said that the Governing Council must be open to discussing interest rate cuts in the next meeting, as a lot of new information would be available then.

ECB’s Lagarde: Wage Data Encouraging, but More Confidence Needed

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday said that the ECB still needed more confidence in the disinflation process, however encouraging recent wage data were.

ECB’s Nagel: More Clarity on Wages and Profits Needed to Cut Interest Rates

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that more clarity on the price outlook, which now depended mostly on wages and profits, was necessary to support the decision of reducing interest rates.

ECB’s Nagel: Better to Follow Gradual Approach to Cutting Interest Rates

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that a gradual approach to cutting interest rates would be better.

Exclusive: Indeed Wage Tracker Expert: Wage Slowdown Now Seen in Most Job Categories

By Isabel Teles – FRANKFURT (Econostream) – Two sources of wage data released this week sent mixed signals, but an expert responsible for an indicator of high importance to European Central Bank monetary policy has assured Econostream that on balance, the deceleration of wages was broad-based and set to continue.

ECB's Wunsch on Market Pricing: 'It May Be Too Early to Get Our Hopes up'

By David Barwick - FRANKFURT (Econostream) - European Central Bank Governing Council member Pierre Wunsch on Wednesday suggested that markets might be over-optimistic about ECB monetary policy easing.

ECB Research Bulletin: Fiscal Policy Key to Diminishing Inflation Impact on Households

By Isabel Teles – FRANKFURT (Econostream) – Fiscal policy played a central role in cushioning the blow to households of the 2021-22 inflation surge in different euro area countries, according to a research bulletin published Tuesday by the European Central Bank.

ECB’s Cipollone: Commercial Banks’ Fears of Digital Euro Misplaced

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Monday said that commercial banks’ reservations about the digital euro were misplaced.

Bundesbank: Technical Recession in Germany Not Excluded

By Isabel Teles – FRANKFURT (Econostream) – The German economy contracted in the fourth quarter of 2023 and might shrink again in the first quarter of 2024, leading to a technical recession, the German Bundesbank said on Monday in its latest monthly report.

They Said It - Recent Comments of ECB Governing Council Members

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 .

ECB’s Villeroy: Risk of Waiting Too Long to Cut at Least as Big as Risk of Cutting Too Soon

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that the danger of waiting too long to cut interest rates was now at least as great as that of cutting them too early.

ECB’s Schnabel: ‘Must Be Cautious Not to Adjust Our Policy Stance Prematurely’

By David Barwick – FRANKFURT (Econostream) – The European Central Bank has to be sure that it does not initiate policy easing too soon, given ongoing threats to price stability, ECB Executive Board member Isabel Schnabel said Friday.

ECB Insight: Governing Council Tally Shows ‘Premature’ Camp Still Leading, but Not Overwhelmingly

By David Barwick – FRANKFURT (Econostream) – A member-by-member review of the European Central Bank Governing Council with respect to the preference to tackle policy easing more or less slowly reveals that the camp of those continuing to see interest rate cuts as premature dominates, though the opposition has gained ground.

ECB’s de Cos: Some Time Left Before We Cut Interest Rates

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Thursday said that the ECB was not yet ready to cut interest rates, but that this would be the next monetary policy move.

ECB Insight: Insider Thinking on the Operational Framework

ECB’s Lagarde: ‘Latest Data Confirm the Ongoing Disinflation Process’

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that disinflation was continuing and would see inflation decline over the current year.

ECB’s Makhlouf: ‘Open-Minded About the Path of Our Policy Rates’

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Wednesday described himself as open-minded with regard to what happens with ECB interest rates.