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ECB Insight: “Good Place, Not Static” – Lagarde Uses Uncertainty to Hold the Line as Forecasts Skew Hawkish

ECB Insight: “Good Place, Not Static” – Lagarde Uses Uncertainty to Hold the Line as Forecasts Skew Hawkish

By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s December meeting delivered what pre-meeting signaling had engineered: a unanimous hold, a reaffirmation of the “good place” mantra, and an explicit refusal to validate any market narrative about the direction of the next move — despite projections and rhetoric that look more consistent with a tightening bias than with renewed easing.

18 December 2025
ECB Insight: Lithuanian Candidate Swells the Field to Succeed de Guindos

ECB Insight: Lithuanian Candidate Swells the Field to Succeed de Guindos

By David Barwick – FRANKFURT (Econostream) – The list of euro area officials seeking to become European Central Bank vice president when current officeholder Luis de Guindos’ term ends on June 1, 2026, has grown with the addition of a Lithuanian candidate, Econostream understands.

18 December 2025

ECB Tone Meter

Entire Governing Council

26 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 19 December 2025

ECB Tone Meter

Meeting Bias

ECB Governing Council Meeting