Exclusive News Reporting and Insights on Central Banks and Debt Issuers

Top Stories

ECB Corporate Telephone Survey: Shock Rapidly Affecting Prices in Energy-Dependent Sectors

ECB Corporate Telephone Survey: Shock Rapidly Affecting Prices in Energy-Dependent Sectors

By David Barwick – FRANKFURT (Econostream) – The jump in oil prices caused by the Middle East war is rapidly feeding into prices in the most oil-dependent sectors of the Eurozone economy, though broader pass-through could be more gradual than in the past, according to the European Central Bank’s latest corporate telephone survey, released on Monday.

4 May 2026

Exclusives

Latest News

Central Bank News

May 4

ECB Corporate Telephone Survey: Shock Rapidly Affecting Prices in Energy-Dependent Sectors

ECB Corporate Telephone Survey: Shock Rapidly Affecting Prices in Energy-Dependent Sectors

By David Barwick – FRANKFURT (Econostream) – The jump in oil prices caused by the Middle East war is rapidly feeding into prices in the most oil-dependent sectors of the Eurozone economy, though broader pass-through could be more gradual than in the past, according to the European Central Bank’s latest corporate telephone survey, released on Monday.

4 May 2026
ECB Insight: June Is Live, and This Time May Be Different

ECB Insight: June Is Live, and This Time May Be Different

By David Barwick – FRANKFURT (Econostream) – Despite the weekend and the May 1 holiday in almost all euro area countries, a third of the European Central Bank’s Governing Council has spoken publicly since President Christine Lagarde’s press conference on Thursday. The message has come across: June is very live.

4 May 2026
ECB’s Wunsch Says Europe Naive to Cling to Old Economic Order

ECB’s Wunsch Says Europe Naive to Cling to Old Economic Order

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Monday said Europe was naive if it continued to apply open-market and state-aid rules designed for a global economy that no longer existed.

4 May 2026

May 3

ECB’s Stournaras: Robust ECB Response Needed if Inflation Deviation Persistent

ECB’s Stournaras: Robust ECB Response Needed if Inflation Deviation Persistent

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Sunday said the ECB’s policy response to the Middle East shock would depend on the intensity, duration and transmission channels of the disruption, and that a robust response would be needed if inflation deviated significantly and persistently from target.

3 May 2026

Debt Issuance News

April 30

March 25

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 4 May 2026

ECB Tone Meter

Meeting Bias

ECB Governing Council Meeting

Insights

ECB Insight: June Is Live, and This Time May Be Different

ECB Insight: June Is Live, and This Time May Be Different

By David Barwick – FRANKFURT (Econostream) – Despite the weekend and the May 1 holiday in almost all euro area countries, a third of the European Central Bank’s Governing Council has spoken publicly since President Christine Lagarde’s press conference on Thursday. The message has come across: June is very live.

4 May 2026
ECB Insight: Lagarde Knows Which Way This Is Going, But Conflict’s Duration Still Matters

ECB Insight: Lagarde Knows Which Way This Is Going, But Conflict’s Duration Still Matters

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde succeeded with great skill in making Thursday’s hold by the Governing Council sound hawkish and cautious at the same time. She made clear why, absent a favorable turn in the Middle East war, the next serious policy question is likely to be when the ECB tightens, not whether it still needs to.

30 April 2026
ECB Insight: The ECB Holds, but Does Not Relax

ECB Insight: The ECB Holds, but Does Not Relax

By David Barwick – FRANKFURT (Econostream) – As expected, the European Central Bank did not raise rates on Thursday, but it did not use the announcement of its rate decision to make the hold sound comfortable.

30 April 2026
ECB Insight: The Own-Goal of the ECB’s Quiet Period

ECB Insight: The Own-Goal of the ECB’s Quiet Period

By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s quiet period is intended to steady market expectations about monetary policy decisions by prohibiting communication in the seven days before a Governing Council meeting. In the current environment, it has the opposite effect, and that is just one of its drawbacks.

30 April 2026