By David Barwick – FRANKFURT (Econostream) – To facilitate consideration of the question of whether the European Central Bank will initiate a hiking cycle this year, we have grouped 22 members of the Governing Council based on their apparent desire to see this occur.
14 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Sunday observed that tighter monetary conditions could result in higher sovereign borrowing costs affecting debt sustainability.
14 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – A gradual normalisation of European Central Bank monetary policy is the most appropriate course of action, Governing Council member Ignazio Visco said on Saturday.
14 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Sunday said that the ‘path of normalisation’ of ECB monetary policy had become clearer and that net asset purchases could end in June or a bit later, with rate hikes only occurring after that.
14 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.
11 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s next set of macroeconomic forecasts may project higher rates of inflation than the last set, ECB President Christine Lagarde indicated on Friday.
11 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is open-minded about the future development of inflation, in particular in case it turns out that inflation is seen topping 2% beyond the current year, Ana Paula Serra, member of the board of directors of Banco de Portugal, said Friday.
11 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Thursday said that if the nature of inflation developments did not change, that would argue for monetary policy to react.
10 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Thursday that the timing of ECB policy moves depended on whether and when the conditions of its forward guidance wpuld be met.
10 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that monetary policy normalisation would be gradual so as to mitigate the likelihood of making a mistake by deciding prematurely.
10 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Given the current state of uncertainty, it is advisable that monetary policy be normalised in gradual steps, European Central Bank Governing Council member Olli Rehn said Thursday.
10 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Inflation above 2% cannot be temporary enough, European Central Bank Governing Council member Mario Centeno said Thursday.
10 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the euro area was probably close to the peak of the current inflation spike and would reach it in a few months.
10 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – If thought-provoking exegeses of important issues were the goal, the medium of communication would likely be other than Twitter. In a Twitter interview on Wednesday, European Central Bank Executive Board member Isabel Schnabel steered clear of venturing out onto any limbs.
9 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The period of low borrowing costs should give way to a desirable process of normalisation, European Central Bank Governing Council member Mario Centeno said Wednesday.
9 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – If there were any lingering doubts as to where Joachim Nagel, the newest member of the European Central Bank’s Governing Council, stood on the issues of the day, he effectively did away with them on Wednesday by positioning himself clearly in favour of normalising monetary policy sooner rather than later.
9 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The direction of the European Central Bank’s monetary policy is clear, but it would be wrong to make assumptions about timing, and the pace will be gradual in any case, ECB Governing Council member Pablo Hernández de Cos said Tuesday.
8 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde appeared on Monday to want to take at least some of the hawkish edge off her performance last Thursday.
8 February 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will stick to its forward guidance and not hike interest rates before net asset purchases have come to an end, ECB President Christine Lagarde said Monday.
7 February 2022 Central Bank News
Following is the full transcript of the interview conducted by Econostream on February 2 with Teppo Koivisto, director of the Finance Division of Finland’s State Treasury and thus responsible for Finnish public debt management.
7 February 2022 Central Bank News