ECB Survey Shows Consumer Inflation Expectations Rose in March
– Eurozone consumers’ inflation expectations rose in March, including at the three-year horizon, while growth expectations...
Top Stories
ECB Insight: SAFE’s Mixed Results Speak for a Vigilant Hold
– The European Central Bank’s latest SAFE survey, just released, does not compel a rate hike on Thursday but does make...
ECB SAFE Survey Shows Tighter Lending, Higher Short-Term Inflation Expectations
– Eurozone companies reported tighter bank lending conditions and a marked rise in short-term inflation expectations in the...
ECB’s Kažimír: Discussion Now Whether Slight Rate Increase “Might Be Necessary”
– European Central Bank Governing Council member Peter Kažimír said Friday that the policy discussion had shifted markedly...
Exclusives
Transcript: Interview with Deutsche Bundesbank President Joachim Nagel on 15/17 April 2026
By Marta Vilar – WASHINGTON (Econostream) – Following is the full transcript of the interview conducted by Econostream on 15 April 2026 and updated on 17 April 2026 with Joachim Nagel, President of the Deutsche Bundesbank and member of the Governing Council of the European Central Bank:
17 April 2026
Exclusive: ECB’s Nagel: “We Do Not Have to Deliver on Specific Expectations” on Rates
By Marta Vilar – WASHINGTON (Econostream) – The European Central Bank does not necessarily have to deliver on financial market expectations of ECB interest rate moves, according to Governing Council member Joachim Nagel.
17 April 2026
Transcript: Interview with ECB Governing Council member Demarco on 16 April 2026
By Marta Vilar and David Barwick – WASHINGTON (Econostream) - Following is the full transcript of the interview conducted by Econostream on 16 April with Alexander Demarco, Governor of the Central Bank of Malta and member of the Governing Council of the European Central Bank:
17 April 2026
Exclusive: ECB’s Demarco: “June Is the More Natural Horizon for Judgment”
By David Barwick and Marta Vilar – WASHINGTON (Econostream) – June, rather than the April 30 policy meeting, would be the more appropriate point for the European Central Bank to judge whether the war-driven energy shock is feeding through into broader inflation, according to ECB Governing Council member Alexander Demarco.
17 April 2026Latest News
Central Bank News
April 28
ECB Survey Shows Consumer Inflation Expectations Rose in March
By David Barwick – FRANKFURT (Econostream) – Eurozone consumers’ inflation expectations rose in March, including at the three-year horizon, while growth expectations worsened and expected unemployment increased, the European Central Bank said in its latest Consumer Expectations Survey, released Tuesday.
28 April 2026April 27
ECB Insight: SAFE’s Mixed Results Speak for a Vigilant Hold
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s latest SAFE survey, just released, does not compel a rate hike on Thursday but does make a relaxed hold harder to justify.
27 April 2026
ECB SAFE Survey Shows Tighter Lending, Higher Short-Term Inflation Expectations
By David Barwick – FRANKFURT (Econostream) – Eurozone companies reported tighter bank lending conditions and a marked rise in short-term inflation expectations in the first quarter of 2026, the European Central Bank said Monday.
27 April 2026April 24
ECB’s Kažimír: Discussion Now Whether Slight Rate Increase “Might Be Necessary”
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír said Friday that the policy discussion had shifted markedly in recent months, with talk of a possible rate cut now replaced by debate over whether a modest increase may eventually be needed.
24 April 2026Debt Issuance News
March 25
Transcript: Interview with KfW Head of Capital Markets Petra Wehlert on 20 March 2026
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 20 March 2026 with Petra Wehlert, Head of Capital Markets of KfW.
25 March 2026
Exclusive: KfW Head of Capital Markets: Euro Green Bond Issuance “Likely to Come Early” in Q2
By Marta Vilar – MADRID (Econostream) – German investment and development bank KfW is likely to issue another euro green bond in Q2 2026, according to KfW’s Head of Capital Markets, Petra Wehlert.
25 March 2026March 18
Transcript: Interview with Swiss Federal Finance Administration’s Adrián Martínez on 13 March 2026
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 13 March 2026 with Adrián Martínez, Vice Director of the Swiss Federal Finance Administration.
18 March 2026
Exclusive: Swiss Federal Finance Administration: Next Gap for New Bond Around 2041 Maturity
By Marta Vilar – MADRID (Econostream) – A new Swiss confederation bond is expected later in 2026 and could be issued around the 2041 maturity, which represents the next gap in Switzerland’s bond profile, according to Adrián Martínez, Vice Director of the Swiss Federal Finance Administration (FFA).
18 March 2026ECB Tone Meter
Entire Governing Council
27 MembersVery Dovish
Very Hawkish
Executive Board
6 MembersVery Dovish
Very Hawkish
Evolution
Governing Council vs. Executive Board
As of 27 April 2026
ECB Tone Meter Weekly Update: April Hold Tilt Further Softens Governing Council Hawkishness
By Marta Vilar – MADRID (Econostream) – Econostream’s ECB Tone Meter continued to decline this week, building on last week’s reversal from earlier hawkish levels. The Governing Council index has now slipped back into neutral territory, sitting just below the threshold that would signal a slightly hawkish stance.
24 April 2026Meeting Bias
ECB Governing Council Meeting
Insights
ECB Insight: SAFE’s Mixed Results Speak for a Vigilant Hold
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s latest SAFE survey, just released, does not compel a rate hike on Thursday but does make a relaxed hold harder to justify.
27 April 2026
ECB Insight: How the ECB’s April Hike Talk Gave Way to June
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – The European Central Bank did not abruptly take an April 30 rate hike off the table. Instead, starting in late March and gathering pace by mid-April, policymakers increasingly stopped preparing markets for action at the next meeting and started buying time. April remained formally live, but messaging pointed more and more clearly toward June as the meeting at which the Governing Council expected to know enough to judge whether the Iran shock was merely painful or genuinely inflationary in the medium term.
22 April 2026
ECB Insight: Lagarde Makes the Case to Wait
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde’s speech in Berlin on Monday fit neatly into the pattern of recent ECB communication. Patient but not complacent, it was above all an effort to explain why the ECB still does not know enough to draw robust near-term policy conclusions.
21 April 2026