By Marta Vilar – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided to cut its key interest rates by 25bp, as widely expected by markets and analysts.
12 September 2024
By David Barwick – FRANKFURT (Econostream) – Could the European Central Bank Governing Council actually be unanimous in its decision Thursday to cut interest rates by another 25bp?
10 September 2024
By Isabel Teles – FRANKFURT (Econostream) – A key measure of wages for the European Central Bank, compensation per employee, rose slightly in the euro area in the second quarter of 2024, reaching its all-time highest level, according to the ECB data portal’s latest update on Friday.
6 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Friday said that the degradation of nature could impact price stability as it led to increased vulnerabilities in the economy and financial system.
6 September 2024
By Marta Vilar – MADRID (Econostream) – The European Central Bank will share its updated projections following the Governing Council meeting on 12 September, and although most policymakers haven’t yet seen these, their public comments may give some idea of what to expect.
5 September 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Wednesday said that ECB monetary policy had to stay restrictive for a while but should not undercut growth.
4 September 2024
By Marta Vilar – MADRID (Econostream) – The Spanish government on Wednesday named José Luis Escrivá as the new governor of the country’s central bank.
4 September 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau acknowledged on Wednesday that fiscal affairs in some major European countries, including France, were problematic.
4 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Wednesday said that banks needed to build operational resilience to deal with the constantly changing risk environment.
4 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday warned that France might not be able to reduce its deficit to below 3% before 2027.
4 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Wednesday warned about the risk of monetary policy becoming overly restrictive and harming economic activity.
4 September 2024
By David Barwick and Marta Vilar – VILNIUS (Econostream) - Following is the full transcript of the interview conducted by Econostream on 2 September with Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and member of the Governing Council of the European Central Bank:
3 September 2024
By David Barwick and Marta Vilar – VILNIUS (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Monday delivered a clear endorsement of a rate cut in September but deemed further easing as soon as October, as well as a step of more than 25bp, ‘quite unlikely’.
3 September 2024
By Marta Vilar – MADRID (Econostream) – Time is running out at the Bank of Spain, with days left before the institution could potentially be leaderless at the 12 September meeting of the European Central Bank’s Governing Council, at which monetary authorities are widely expected to cut interest rates by 25bp.
3 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that the worst part of inflation had passed and that the euro area was well on the way to achieving price stability.
3 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that an interest rate cut would be the right decision for the Governing Council to make at its September meeting to counter risks to economic growth.
30 August 2024
By David Barwick – TALLINN (Econostream) – If the hawks at the European Central Bank ever seriously entertained hopes of staving off a rate cut on 12 September, those hopes will have dwindled significantly with the release Friday of euro area inflation data confirming the continuation of the disinflation process.
30 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Friday said that the implications of fiscal measures to support business during the Covid period had not been fully evaluated.
30 August 2024
By Isabel Teles and David Barwick – TALLINN (Econostream) – The European Central Bank would have had a much harder time hiking interest rates without the transmission protection instrument (TPI) decided in the run-up to the start of policy tightening, Executive Board member Isabel Schnabel said Friday.
30 August 2024
By David Barwick and Isabel Teles – TALLINN (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks on Friday said that he was open to a discussion of the monetary policy stance at the Council’s upcoming meeting, but that easing should proceed slowly in the context of persistently high services inflation.
30 August 2024