By David Barwick – FRANKFURT (Econostream) – Three weeks after our last review of where each European Central Bank Governing Council member stands on whether or not to start hiking interest rates this year, we re-examine the question. Our finding, summed up: the more things change, the more they stay the same.
23 March 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank had to take some action in view of concerns about the potential for inflation expectations and wage agreements to be negatively influenced, ECB Governing Council member Yannis Stournaras said Tuesday.
22 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that monetary policy had to continue the process of gradual normalisation.
22 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday suggested that limited European financial exposure to Russia meant that the main impact of Russian military aggression against Ukraine would be macroeconomic.
22 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday stuck to a reiteration of previously expressed views regarding the impact of Russian aggression on growth and inflation and key considerations for monetary policy.
22 March 2022
By David Barwick – FRANKFURT (Econostream) – Euro area HICP in 2024 of 1.9%, as currently projected by the European Central Bank, is not out of the question, but is also not too likely, ECB Governing Council member Robert Holzmann suggested on Tuesday.
22 March 2022
By David Barwick – FRANKFURT (Econostream) – Key interest rates of the European Central Bank could be hiked this year if asset purchases end as currently foreseen, ECB Governing Council member Joachim Nagel said on Monday.
21 March 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will be guided by data in its decision-making and must thus make a ‘final decision’ yet about when net asset purchases should come to an end, Governing Council member Mario Centeno said Wednesday.
21 March 2022
By David Barwick – FRANKFURT (Econostream) – There was no secret motive behind the recent change in wording of the European Central Bank’s forward guidance, Econostream understands.
21 March 2022
By David Barwick – FRANKFURT (Econostream) – Russia’s war of aggression against Ukraine will lead to a more or less stagnant 1Q and a considerably weaker 2Q for Germany's economy, the German Bundesbank warned on Monday in its latest monthly report.
21 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said late Sunday that inflation would probably stay higher over a longer time than anticipated before Russia attacked Ukraine.
20 March 2022
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.
18 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco on Thursday said that the ECB was not behind the curve. Coming from him, the ECB might want to reconsider whether it is at heightened risk of this happening.
18 March 2022
By David Barwick – FRANKFURT (Econostream) – A close look at European Central Bank President Christine Lagarde’s comments on Thursday suggests, albeit subtly, somewhat more pessimism about inflation than just a week previously.
17 March 2022
By David Barwick – FRANKFURT (Econostream) – Russia’s invasion of Ukraine is no reason to think medium-term inflation prospects in the euro area have become less worrisome, European Central Bank Governing Council member Klaas Knot implicitly suggested on Thursday.
17 March 2022
By David Barwick – FRANKFURT (Econostream) – Keeping inflation from becoming excessive may be the most difficult task for euro area monetary policy in the coming years, European Central Bank Governing Council member Klaas Knot said Thursday.
17 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said late Tuesday that the Russian attack on Ukraine would not drive Europe into recession even in the worst-case scenario of the ECB.
16 March 2022
By David Barwick – FRANKFURT (Econostream) – The conditions for the European Central Bank to hike interest rates are not yet met, Governing Council member Mario Centeno said Wednesday.
16 March 2022
By David Barwick – FRANKFURT (Econostream) – Some 2.5 million Ukrainian refugees have entered the EU in the last few weeks as a result of Russian military aggression, but this is so far seen by the ECB as being of limited relevance for labour market developments, Econostream understands.
15 March 2022