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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 David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that he had no problem easing monetary policy further next week, but that the process should be gradual.
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that the ECB was not yet at the point at which it could shift its policy stance to one more forward-looking as rates were still restrictive.
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Olli Rehn said on Wednesday regarding the size of December's rate cut that the ECB should preserve sufficient room to react.
By David Barwick – FRANKFURT (Econostream) - European Central Bank President Christine Lagarde on Wednesday gave no hint as to next week’s monetary policy decision, reiterating the ECB’s refusal to pre-commit and the expectation that inflation would subside to the ECB’s 2% target sometime next year.
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council should have no problem coming to a decision next week to cut rates by 25bp, ECB Governing Council member Boris Vujčić said Wednesday.
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – Although one large investment bank recently saw fit to change its call for the European Central Bank Governing Council’s 12 December monetary policy meeting from 25bp to 50bp, at Econostream we see little reason to doubt our expectation that the smaller option will prevail next week.
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the ECB would reach its 2% inflation target no later than the middle of next year.
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Robert Holzmann said on Tuesday that the ECB’s interest rate move next week would be ‘moderate’.
By Marta Vilar – BARCELONA (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Tuesday that Europe would need a fair amount of resources to grow sustainably and be strategically independent.
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Monday said that there were grounds for the ECB to lower borrowing costs further this month.