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ECB Insight: Lane Effectively Concedes June, But No More

ECB Insight: Lane Effectively Concedes June, But No More

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel may have made the strongest official case yet for a June rate hike, but Chief Economist Philip Lane has now made clear that one move would not imply another.

26 May 2026 Central Bank News
France: AFT Sells €8.09 Billion of BTFs Across Four Lines

France: AFT Sells €8.09 Billion of BTFs Across Four Lines

By Laura Contemori – ROME (Econostream) – France’s Agence France Trésor (AFT) on Tuesday sold €8.094 billion of short-term Treasury bills (BTFs) across four maturities, in the upper end of the targeted issuance ranges announced ahead of the auction on Friday.

26 May 2026 Debt Issuance News
Italy: MEF Sells €5 Billion Across BTP, BTPei Auction

Italy: MEF Sells €5 Billion Across BTP, BTPei Auction

By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) sold €5 billion of government securities on Tuesday across one government bond (BTP) and two Eurozone inflation-linked BTPei, according to results published by the Bank of Italy.

26 May 2026 Debt Issuance News
ECB Insight: Schnabel Confirms Our June Hike Call

ECB Insight: Schnabel Confirms Our June Hike Call

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel’s Reuters interview today confirms almost point for point the argument we made here yesterday : a June rate hike has become very hard to avoid, but it is premature to infer a sequence of moves.

26 May 2026 Central Bank News
ECB’s Schnabel Says June Rate Hike Will Be Needed

ECB’s Schnabel Says June Rate Hike Will Be Needed

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel said Tuesday that the ECB would probably need to raise interest rates in June, arguing that the Middle East energy shock was now too large and persistent to be looked through.

26 May 2026 Central Bank News
ECB’s Stournaras Says Temporary Inflation Overshoot Calls for Cautious Tightening

ECB’s Stournaras Says Temporary Inflation Overshoot Calls for Cautious Tightening

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras said on Monday that a significant but temporary overshoot of the ECB’s inflation target would warrant a cautious move toward tighter monetary policy, while warning that the Middle East conflict had intensified stagflation risks.

25 May 2026 Central Bank News
ECB Insight: Reluctance Persists, But a June Hike Now Looks Very Hard to Avoid

ECB Insight: Reluctance Persists, But a June Hike Now Looks Very Hard to Avoid

By David Barwick – FRANKFURT (Econostream) – A mere eleven days ago, a well-known news agency saw a June hike by the European Central Bank as becoming less likely. The opposite is true, and the only interesting case anymore with respect to June 11 is one in which the Iran conflict ends soon, the resolution looks durable and forward energy prices fall far enough, fast enough, to influence the new macroeconomic projections.

25 May 2026 Central Bank News
ECB Insight: Spain’s de Cos Debate Heats Up as Government Support Remains a Question

ECB Insight: Spain’s de Cos Debate Heats Up as Government Support Remains a Question

By David Barwick – FRANKFURT (Econostream) – Conflicting Spanish media reports over whether Prime Minister Pedro Sánchez’s government is prepared to back former European Central Bank Governing Council member Pablo Hernández de Cos for the ECB presidency have turned the succession issue into an open domestic debate while highlighting what we previously noted: clear evidence of official Spanish support remains scarce.

25 May 2026 Central Bank News