By David Barwick – FRANKFURT (Econostream) – Hawkish though she may seem at first glance, European Central Bank Executive Board member Isabel Schnabel’s interview from Friday changes little to nothing in our view, and it is possible it was never meant to do much more.
29 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Friday said that although inflation was still seen reaching 2% next year, the ‘last mile’ narrative remained valid and September’s monetary policy decision was completely open.
26 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest consumer expectations survey, released Friday, showed that consumer expectations of future inflation remained at the same level in June as in May, when the lowest levels in almost three years had been hit.
26 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday said that the ECB should keep its monetary policy stance restrictive until price stability was durably restored.
25 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Thursday said that the ECB’s mandate was to ensure that banks managed climate-related risks properly.
25 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Wednesday said that in many cases, uncertainty called for a gradual approach to setting monetary policy.
24 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Wednesday said that while there had been progress in European banks’ governance in the past decade, there was still more to be done to strengthen the banking system.
24 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday said that the implementation of a permanent central fiscal capacity could contribute to crisis prevention in the euro area.
24 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that the most important element for the ECB in deciding on further rate cuts was confidence about the restoration of price stability at the end of next year.
23 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday said that the weight of the data provided by the surveys conducted by the ECB was increasing in the monetary policy analysis.
23 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – With one sentence, European Central Bank Vice President Luis de Guindos on Tuesday seems to have established what information September has to bring for the Governing Council to cut interest rates again. Less explicitly, but to our mind nonetheless unambiguously, he conveyed the expectation that the conditions for more easing would be met eight weeks from now.
23 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – Common assumptions regarding consumers' experience and expectations of inflation may not be accurately capture the variety of inflation perceptions among different socioeconomic groups, according to findings presented in a research bulletin published Tuesday by the European Central Bank.
23 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Though we wouldn’t want to overstate the importance of a single set of comments from one of the quieter members of the European Central Bank’s Governing Council, we note with interest a possible shift in the attitude of Peter Kažimír.
22 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The German economy's recent downward trend is likely to give way to stabilisation in the third quarter, after having grown less than expected in the spring, the German Bundesbank said on Monday in its latest monthly report.
22 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said that while the ECB might yet cut interest rates another two times by the end of the year, that was not a certainty.
22 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Monday said that the financial system needed to be strengthened to face underlying vulnerabilities.
22 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Sunday said that ECB did not need to rush to decide on further interest rate cuts.
21 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Friday welcomed the European Union’s revised economic governance framework highlighting the importance of fiscal policy.
19 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council has to take a patient approach to easing monetary policy, given ongoing high wage growth and services inflation, Council member Madis Müller said Friday.
19 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Friday said that the lack of clarity about the inflation and geopolitical outlook led policymakers to wait for more information and that upside inflation risks remained.
19 July 2024 Central Bank News