By David Barwick – FRANKFURT (Econostream) – On Friday, the public discussion of European Central Bank monetary policy was augmented by a rare intervention from the newest member of the ECB’s Executive Board. Our reaction: déjà vu.
18 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that the world might be close to ‘significant escalation’ of trade tensions, but central banks would be able to control the situation.
18 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Saturday that the ECB had to discover why economic growth was so weak and consumption was part of the answer to that question.
16 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Piero Cipollone said on Friday that the ECB should be aware of both temporary and lasting economic consequences of an overly restrictive approach in its monetary policy.
15 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Friday that trying to divide the global economy into opposing blocs would be more detrimental than beneficial.
15 November 2024
By David Barwick – FRANKFURT (Econostream) – Central banks should prioritise measures that can be easily undone to react promptly to altered circumstances, implying the continued primacy of short-term rates, European Central Bank Executive Board member Isabel Schnabel said Thursday.
14 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Thursday that monetary policy should be driven by the focus on the medium term, not by the desire to fine-tune.
14 November 2024
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – In the following we share views gleaned from numerous recent exchanges with European Central Bank Governing Council members regarding the current monetary policy outlook. We depart from our usual format and make key points in list form for the sake of conciseness:
14 November 2024
By Marta Vilar – MADRID (Econostream) - European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that US President-elect Donald Trump’s economic programme could bring inflation back to the US.
13 November 2024
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – The European Central Bank should not deliberately set out to undershoot or overshoot its 2% inflation target, according to ECB Governing Council member Mārtiņš Kazāks.
13 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that the German economy could take a hit of 1% in 2025 if US President-elect Donald Trump were to implement his tariff plans.
13 November 2024
By David Barwick – FRANKFURT (Econostream) - European Central Bank President Christine Lagarde on Tuesday urged against the backdrop of the latest United Nations Climate Change Conference (COP) that the global climate finance gap be closed.
12 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday suggested that euro area interest rates could be lowered to about 2% by the end of the third quarter of 2025.
11 November 2024
By David Barwick – FRANKFURT (Econostream) – The Bank for International Settlements (BIS) on Monday announced the appointment of former European Central Bank Governing Council member Pablo Hernández de Cos to the position of General Manager of the BIS.
11 November 2024
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is unlikely to cut interest rates by 50bp in December, according to Governing Council member Pierre Wunsch.
11 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council Robert Holzmann said on Monday that a cut in December was possible but not inevitable.
11 November 2024
By David Barwick – FRANKFURT (Econostream) – It will probably be announced today that former European Central Bank Governing Council member Pablo Hernández de Cos is to take over the helm of the Bank for International Settlements (BIS) when current BIS General Manager Agustín Carstens steps down.
11 November 2024
By Marta Vilar – ATHENS (Econostream) – European Central Bank Chief Economist Philip Lane said on Thursday that the potential influence of the Federal Reserve’s decisions on the ECB after Donald Trump’s victory in the US presidential election should not be overestimated.
7 November 2024
By Marta Vilar – ATHENS (Econostream) – European Central Bank Governing Council member Yannis Stournaras said on Thursday that the Transmission Protection Instrument ‘cannot be used in all cases’ and, in fact, might never be used.
7 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Isabel Schnabel said on Thursday that the ECB’s balance sheet was shrinking smoothly and that the process had had a positive impact on market functioning.
7 November 2024