By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s latest intervention does not mark a new “turn” so much as the clearest consolidation of a line she has been following for months: small, forecast-based undershoots of 2% can be tolerated, while the real dangers still run to the upside.
By David Barwick – HELSINKI (Econostream) – Following is the full transcript of the interview conducted by Econostream on 5 December 2025 with Olli Rehn, Governor of the Bank of Finland and member of the Governing Council of the European Central Bank:
By David Barwick – HELSINKI (Econostream) – Reduced US Federal Reserve autonomy would “logically” produce structurally higher US inflation with consequences for European monetary policy, according to European Central Bank Governing Council member Olli Rehn.
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 4 December 2025 with Markus Stix, Managing Director in charge of markets at the Austrian Treasury.
- Markus Stix, Austrian Treasury Managing Director: 2026 gross issuance seen €43–45bn vs. €45bn in 2025 - Stix: “We again aim for three euro syndications” in 2026 - Stix: Will be active in issuance in 1H26, but will keep “some powder dry for later” - Stix: Open to opportunistic long-end issuance via taps of outstanding century bonds - Stix: No plans to issue a new century bond in 2026 - Stix: New green bond via syndication in 2026 “one of many options” - Stix: Would consider CHF market again to fund new green eligible expenditures - Stix: No plans to add additional tenors to Bundesschatz program
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s latest intervention does not mark a new “turn” so much as the clearest consolidation of a line she has been following for months: small, forecast-based undershoots of 2% can be tolerated, while the real dangers still run to the upside.
By David Barwick – FRANKFURT (Econostream) – Isabel Schnabel’s interview on Monday produced one line that overshadowed the entire exchange. Asked at the very end whether she could be the German to become the next ECB president, she answered: “If I was asked, I would stand ready.”
By David Barwick – FRANKFURT (Econostream) – What stood out in our interview published today with European Central Bank Governing Council member Olli Rehn was not a call for action, but the conspicuous lack of one — a shift in emphasis that, from a policymaker previously among the quickest to flag downside risks, might register as an uncharacteristically firm stance.
By David Barwick – FRANKFURT (Econostream) – Philip Lane’s Ljubljana speech on Wednesday reads like a belated attempt to pull ECB communication back toward its own strategy just as Governing Council members work to downplay the significance of what looks increasingly like another projected undershoot in 2028.