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Econostream Media is a financial newswire with a mission to improve understanding of monetary policy and debt issuance by reporting on the central banks and debt issuance agencies, their policies and how they impact the financial markets.
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.
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.
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.
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.
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.
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.
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.
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.
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: