By David Barwick – FRANKFURT (Econostream) – It seems inevitable that the euro area will have to go through a period of zero growth and high inflation, European Central Bank Governing Council member Mario Centeno said Friday.
11 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s asset purchase programme could potentially wind up ending in the second quarter, Econostream understands.
11 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council’s decision on Thursday should be understood less as an acceleration than as a logical response to an array of macroeconomic factors inconsistent with the present policy stance, in the view of one insider who spoke to Econostream.
11 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Against the backdrop of high inflation, the European Central Bank Governing Council arrived relatively easily at an agreement this week not to wait until April to make monetary policy decisions, Econostream understands.
11 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB would not let its monetary policy decision-making be put on hold for too long.
11 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday indicated that financial markets might not have appropriately assessed the timing of an ECB rate hike, given the absence now of automaticity between the end of net purchases and rates lift-off.
11 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – After only last month finally starting to take upside inflation risks as seriously as many of her European Central Bank Governing Council colleagues had taken them for some time, President Christine Lagarde made it clear on Thursday that, ‘watershed’ event or not, for now Russia’s assault on Ukraine was not going to deter the ECB from pursuing normalisation.
10 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Russian military aggression against Ukraine has deflationary implications for the medium term and warrants caution on the part of policymakers, according to European Central Bank Governing Council member Yannis Stournaras on Tuesday.
8 March 2022 Central Bank News
ECB President Christine Lagarde is likely to maintain course towards monetary policy normalisation but to stress optionality, gradualism and flexibility
8 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. Updates are made on a periodic basis.
8 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on March 02 with Mārtiņš Kazāks, Governor of Latvijas Banka and member of the Governing Council of the European Central Bank:
2 March 2022 Central Bank News
- Outlook more uncertain, war adds quite a few negatives to outlook
- Ending asset buys in Q3 still possible, but let’s assess situation first
- Must ultimately normalise monetary policy and cannot forget about this
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has seen to it that the updated staff economic projections to be released next week will take into account Russian military aggression, Executive Board member Philip Lane said Wednesday.
2 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – A week having passed since our last review of where each European Central Bank Governing Council member stands on the question of whether or not to start hiking interest rates this year, we want to take another look at the issue.
1 March 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Three months after his last public comments on monetary policy, European Central Bank Executive Board member Fabio Panetta on Monday clung as tenaciously as ever to accommodative monetary policy.
28 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. Updates are made on a periodic basis.
28 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank early Monday announced that Sberbank Europe AG, a wholly owned subsidiary of Russia’s Sberbank, was, along with its subsidiaries in Croatia and Slovenia, ‘failing or likely to fail owing to a deterioration of their liquidity situation.’
28 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Russian military aggression against Ukraine has deflationary implications for the medium term and is a reason to take special care not to tighten monetary policy too early, according to European Central Bank Governing Council member Yannis Stournaras.
28 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday declined to speculate as to the ultimate economic impact on the euro area of Russian dictator Vladimir Putin’s aggression against Ukraine (transcript of her remarks here ), but noted that there would be opposing effects while also suggesting that price and financial stability would ultimately decide the course of monetary policy.
25 February 2022 Central Bank News
By David Barwick – PARIS (Econostream) – Following is the full transcript of the most relevant comments made by European Central Bank President Christine Lagarde at the press conference during the Informal Ecofin on Friday:
25 February 2022 Central Bank News