Exclusive News Reporting and Insights on Central Banks and Debt Issuers

Latest News

ECB Insight: Beneath Schnabel’s Restraint on Iran, the Hawkish Message Endured

ECB Insight: Beneath Schnabel’s Restraint on Iran, the Hawkish Message Endured

By David Barwick – NEW YORK (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s speech on Friday at the 2026 U.S. Monetary Policy Forum was unmistakably hawkish, but not in the crude way markets might have expected after a week of surging energy prices and frantic rates repricing.

6 March 2026

Exclusives

Insights

ECB Insight: Beneath Schnabel’s Restraint on Iran, the Hawkish Message Endured

ECB Insight: Beneath Schnabel’s Restraint on Iran, the Hawkish Message Endured

By David Barwick – NEW YORK (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s speech on Friday at the 2026 U.S. Monetary Policy Forum was unmistakably hawkish, but not in the crude way markets might have expected after a week of surging energy prices and frantic rates repricing.

6 March 2026
ECB Insight: Vozpópuli’s de Cos Report Looks More Like Positioning Than Decision

ECB Insight: Vozpópuli’s de Cos Report Looks More Like Positioning Than Decision

By David Barwick and Marta Vilar – FRANKFURT (Econostream) – Wednesday’s report from Spanish news outlet Vozpópuli on former European Central Bank Governing Council member Pablo Hernández de Cos is more convincing than the outlet’s attempt a month ago to portray the ECB as already opening the door to him. Even so, the new piece still looks less like confirmation of a Spanish decision than an effort to shape the conversation around one.

26 February 2026

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 6 March 2026

ECB Tone Meter

Meeting Bias

ECB Governing Council Meeting