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ECB’s Villeroy: Expectations of Two More Rate Cuts in 2024 ‘Rather Reasonable’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that in light of the information available today, it was reasonable to consider that the ECB would do two more interest rate cuts this year, as long as data supported it.
19 July 2024 Central Bank News
ECB Insight: Lagarde at Pains to Leave September an Open Question
By David Barwick – FRANKFURT (Econostream) – Having so aptly entitled our pre-ECB press conference analysis ‘No Signals, No Flags, No Guidance, No Promises’, our post-presser analysis might exude a certain satisfaction. It won’t. Instead, we see the need to very slightly modify a central prediction from Tuesday.
19 July 2024 Central Bank News
ECB’s Vasle: Decisions Will Continue to Be Data-Dependent
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the ECB would remain dependent on economic data and in particular on the analysis of inflationary trends when deciding on interest rates, without committing to a predetermined path.
19 July 2024 Central Bank News
ECB’s Lagarde: ‘What We Do in September Is Wide Open'
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that there was no predetermined path for euro area interest rates and that the next Governing Council meeting in September would bring important data.
18 July 2024 Central Bank News
ECB Leaves Interest Rates Unchanged
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided to keep its three key interest rates unchanged, as widely expected by markets and analysts.
18 July 2024 Central Bank News
ECB Insight: No Signals, No Flags, No Guidance, No Promises
By David Barwick – FRANKFURT (Econostream) – It is a struggle to come up with much about the European Central Bank Governing Council’s current policy stance that monetary authorities are likely to want to change this week. The key interest rates should figure near the bottom of any list.
16 July 2024 Central Bank News
ECB: Net Tightening in Loans to Firms Expected in 2H2024
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest Bank Lending Survey (BLS), released on Tuesday, showed further tightening in 1H of credit standards for loans to enterprises, and that euro area banks continued to expect a net tightening in lending conditions for the remainder of the year.
16 July 2024 Central Bank News
ECB: Firms Expect Moderation in Selling Prices and Wage Increases
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s Survey on the Access to Finance of Enterprises (SAFE), released Monday, showed that euro area firms expect price and wage increases to moderate and inflation to decline over a one-year horizon.
15 July 2024 Central Bank News
ECB’s Knot: AI Could Be Beneficial, Given the Right Regulations
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that appropriate policies were necessary to guarantee that artificial intelligence (AI) contributed positively to the economy.
11 July 2024 Central Bank News
ECB’s Villeroy: Inflation Shock Is Being Replaced by Uncertainty Shock
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that uncertainty was emerging as a new threat to growth and employment at the same time that the impact of inflation was fading.
11 July 2024 Central Bank News
ECB’s Knot: Cross-Border Payment System Needs Public and Private Support
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that global coordination between the public and the private sectors was key to developing a successful cross-border payments ecosystem.
11 July 2024 Central Bank News
Indeed Wage Tracker: Euro Area Wage Growth Picked up in June
By Isabel Teles – FRANKFURT (Econostream) – Wage growth in jobs advertised online in euro area countries picked up in June, according to the latest Indeed Wage Tracker.
10 July 2024 Central Bank News
ECB’s Nagel: Bundesbank to Adress Digitalisation and Demographic Challenges
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that digitalisation and demographics would shape the future of the German Bundesbank.
10 July 2024 Central Bank News
Exclusive: Transcript: Interview with ECB Governing Council Member Mário Centeno on 3 July 2024
By Isabel Teles – SINTRA, Portugal (Econostream) – Following is the full transcript of the interview conducted by Econostream on 3 July 2024 with Mário Centeno, Governor of Banco de Portugal and member of the Governing Council of the European Central Bank.
9 July 2024 Central Bank News
Exclusive: ECB’s Centeno: Recent PPI Data Call Into Question the Adequacy of Our Easing Pace
By Isabel Teles – SINTRA, Portugal (Econostream) – The decline of euro area producer prices since the end of 2022, confirmed by weaker-than-expected May data released last week, is grounds for the ECB to ask itself whether it is easing monetary policy rapidly enough to avoid undershooting inflation, according to ECB Governing Council member Mário Centeno.
9 July 2024 Central Bank News
ECB’s Panetta: Disinflation Can be Completed by Adjusting Interest Rates
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta on Tuesday said that if it became clear that the ECB’s forecasts were materialising, gradually reducing interest rates could complete the disinflation process.
9 July 2024 Central Bank News
ECB’s Nagel: Rate Cut Decisions Reviewed at Every Meeting; No Autopilot
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that the ECB’s decisions on interest rate cuts were up for a data-based discussion at every meeting and not taken automatically.
9 July 2024 Central Bank News
ECB’s Knot: ‘The Next Meeting That Will Truly Be Open Again Will Be in September’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Monday said that the occasion for the Governing Council to discuss another interest rate cut in depth would be in September, not in July.
8 July 2024 Central Bank News
ECB’s Lagarde: International Trade Important for Innovation
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday underscored the important role played by global commerce.
5 July 2024 Central Bank News