By Isabel Teles – FRANKFURT (Econostream) – A new forward-looking wage tracker for the euro area provided data that could be used as an additional resource to understand the inflation trajectory, according to an occasional paper published Friday by the European Central Bank.
9 February 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday said that it was necessary to wait for incoming data before considering any changes in the ECB’s monetary policy stance.
8 February 2024
By David Barwick – BRUSSELS (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Thursday said that euro area wage growth was not compatible with the ECB’s price stability target, but that monetary authorities were unlikely to have a perfectly clear picture when the time came to consider a cut.
8 February 2024
By Isabel Teles – FRANKFURT (Econostream) – After stagnating in 2023, the euro area economy is expected to start growing again from the first quarter of this year, according to the first Economic Bulletin of 2024, published Thursday by the European Central Bank.
8 February 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Thursday said that modifications of the ECB’s monetary policy stance would depend on data confirming that inflation was headed towards the 2% target.
8 February 2024
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council might not hike rates at all in 2024, or only once the year is almost over, Council member Robert Holzmann reiterated on Thursday.
8 February 2024
By Isabel Teles – FRANKFURT (Econostream) – The natural interest rate for the euro area, r*, has been estimated to be similar to pre-pandemic levels, according to an economic bulletin pre-release published Wednesday by the European Central Bank.
7 February 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel in her latest comments managed to convey the impression that she did not envision the first ECB rate cut coming too soon whilst skirting the mention of any calendar month or particular timing.
7 February 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Wednesday emphasised reasons not to change the ECB's monetary policy stance in the near future.
7 February 2024
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s expanded consumer expectations survey, released Tuesday, showed December medium expectations of inflation in one year down from 3.5% to 3.2%, the third consecutive fall.
6 February 2024
By David Barwick – FRANKFURT (Econostream) – The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 25 January, but earlier comments can still be seen in versions up to that of 19 January .
5 February 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Saturday said that incoming inflation data needed to be aligned with the ECB forecasts to confirm the disinflation trajectory and allow monetary policy easing to start.
3 February 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Saturday said that monetary policy should keep up with the pace of disinflation.
3 February 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Saturday said recent figures showed that there had been progress in controlling inflation.
3 February 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that it was not yet the moment to reduce interest rates as more clarity on the price outlook was needed.
2 February 2024
By Isabel Teles – ROME (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday said that the moment to discuss interest rate cuts would come when there was enough confidence about reaching the ECB's inflation target.
1 February 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Thursday said that if the disinflationary process continued in the coming months, the ECB’s next move would be to cut interest rates, though it was not clear when this would be.
1 February 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Thursday said that there would be interest rate cuts this year, barring unanticipated events.
1 February 2024
By David Barwick – ZAGREB (Econostream) – European Central Bank Executive Board member Philip Lane on Wednesday said that the issue of whether to keep ECB interest rates where they are would be the subject of vigorous discussion at upcoming Governing Council meetings.
31 January 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday said that inflation had surprised positively and could turn out to be lower than anticipated.
31 January 2024