News

ECB‘s Šimkus: Evolving Policy Tools Unlikely to Alter Central Banks' Stability Mandat

By Aurėja Bobelytė – VILNIUS (Econostream) – While monetary policy tools have been adapting and changing, the mandate of central banks to ensure price stability remains the same, European Central Bank Governing Council member Gediminas Šimkus said Friday.

ECB’s Knot: ‘Strong Case for Using Projection Meetings to Recalibrate Our Policy Stance’

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that given the high uncertainty surrounding current inflation drivers, it would be better for the ECB to decide on interest rates cuts at meetings with new projections.

Bundesbank: Inflation Expected to Fluctuate Sideways in Coming Months

By Aurėja Bobelytė – VILNIUS (Econostream) – German inflation rates will vary around a middle level over the next several months, the German Bundesbank on Thursday in its latest monthly report.

ECB Economic Bulletin: Economic Recovery Surprised Positively; Growth to Continue

By Isabel Teles – FRANKFURT (Econostream) – The economic recovery in the euro area at the beginning of 2024 was broader than the March 2024 staff projections anticipated, and growth should continue with the support of private consumption, according to the latest Economic Bulletin published Thursday by the European Central Bank.

Exclusive: Transcript: Interview with ECB Governing Council Member Mário Centeno on 15 June 2024

By David Barwick – DUBROVNIK, Croatia (Econostream) – Following is the full transcript of the interview conducted by Econostream on 15 June 2024 with Mário Centeno, Governor of Banco de Portugal and member of the Governing Council of the European Central Bank.

Exclusive: ECB’s Centeno: ‘Let's leave all options open to July’

By David Barwick – DUBROVNIK, Croatia (Econostream) – The European Central Bank should leave open the possibility of cutting euro area interest rates again at the July monetary policy meeting, according to ECB Governing Council member Mário Centeno.

ECB’s Centeno: If Inflation Slows Down Interest Rates Will Be Reduced

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that the ECB would cut interest rates provided that the disinflation process continued.

Bundesbank: Pension Contributions Significantly Influence Tax Burden

By Aurėja Bobelytė – VILNIUS (Econostream) – Pension-related contributions strongly affect the total tax burden in many countries, according to the latest monthly report published by the German Bundesbank on Wednesday.

ECB Economic Bulletin: Economic Policies Should Aim to Reduce High Debt Levels

By Isabel Teles – FRANKFURT (Econostream) – Policymakers should aim to lower elevated public debt, according to the European Central Bank's latest Economic Bulletin, published Wednesday.

ECB’s Knot: Decisions Should Be Based on Data, Not on Future Developments

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday said that there was still uncertainty about inflation and that monetary policy decisions should be based on incoming data, not on expectations.

ECB’s de Guindos: Urgently Need to Increase Investment in the EU

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday called for urgent action to increase investment in the European Union and address looming challenges.

ECB Economic Bulletin Pre-Release: Eurozone Car Production Expected to Recover

By Aurėja Bobelytė – VILNIUS (Econostream) – Automotive sector output should recover on the back of higher consumer demand in the medium term, according to an Economic Bulletin paper pre-released by the European Central Bank on Tuesday.

Central Bank of Ireland: Irish Economy Resumes Growth After Retraction

By Isabel Teles – FRANKFURT (Econostream) – Irish gross domestic product rose by 0.9% on the quarter in Q1 after five successive periods of retraction, and the domestic economy was projected to keep gradually expanding, the Central Bank of Ireland said on Tuesday in its latest quarterly bulletin.

ECB’s Patsalides: Euro Area Domestic Price Pressures Still Strong, Wage Growth Elevated

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Christodoulos Patsalides on Tuesday that euro area domestic inflation was still strong and wage growth high.

ECB’s Villeroy: France Should Not Further Increase Deficits

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that French economic and budgetary strategy needed to be clarified and that deficits should not be further expanded.

ECB’s Makhlouf: We Consider External Factors, but We Don’t Follow the Fed

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that when deciding on interest rates, the ECB looked at the impact of external influences on the euro area but did not follow the United States Federal Reserve’s monetary policy.

ECB’s Lane: Need More Than Another Month to Assess Momentum in Services Inflation

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that some of the questions that the ECB had about the disinflation process were still open and that the answers wouldn’t be available by the next Governing Council meeting in July.

ECB’s Vujčić: Delay in Disinflation Could Postpone Rate Cut

By Aurėja Bobelytė – VILNIUS (Econostream) – Any delay in reaching the target inflation level could push back a further reduction of interest rates, European Central Bank Governing Council member Boris Vujčić said Monday.

ECB’s Lagarde: To Continue to Set Rate Path Based on Tripartite Reaction Function

By David Barwick – DUBROVNIK, Croatia (Econostream) – The European Central Bank will continue to set monetary policy based on its current three-pronged reaction function, ECB President Christine Lagarde said Friday.

ECB’s Kazāks: Selected Quotes From Panel Participation