By Marta Vilar – MADRID (Econostream) – With the pre-meeting quiet period of the European Central Bank having started today, we have collected in one place the key comments of Governing Council members regarding the US tariffs announced on April 2.
10 April 2025 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Wednesday called for further monetary accommodation in light of the improved inflation outlook and weaker growth prospects in the euro area.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said that some of the worst-case scenarios that had been identified were already materialising.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Mário Centeno said on Wednesday that US tariffs would cause a ‘contraction of the economy’, while the impact on prices would be ‘ambiguous’.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Piero Cipollone said on Wednesday that in light of recent developments, the ECB had to strengthen the European economy.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Robert Holzmann said on Wednesday that the ECB would be better off if it took a wait-and-see approach with regard to next week’s monetary policy decision.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that the ECB should cut rates soon given the developments that had taken place after the US tariff announcement.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Wednesday that it would take some time for the ECB to find out if the net effect of trade tensions would be deflationary, in which case the central bank should react accordingly.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that the ECB should support weak economic growth once its inflation target of 2% is reached.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Klaas Knot said on Wednesday that it was likely that as time went by the inflationary impact of US tariffs would dominate.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that the decision of the US administration to pause the increase in tariffs for 90 days was a sensible call to make.
9 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Robert Holzmann said on Tuesday that he did not see a reason to change his mind about preferring a pause in the ECB's April 17 monetary policy meeting.
8 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Tuesday that markets tended to overreact to news in the short term and that the decline seen after the recent US tariff announcement did not suggest that markets were entering panic mode.
8 April 2025 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that the imposition of tariffs by the US was a ‘severe blow’.
8 April 2025 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Tuesday said that monetary conditions were still tight after six ECB rate cuts, due to the pass-through of previous tightening measures, but that they would gradually ease this year.
8 April 2025 | Central Bank News
By David Barwick – VILNIUS (Econostream) - Following is the full transcript of the interview conducted by Econostream on 07 April with Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and member of the Governing Council of the European Central Bank:
8 April 2025 | Central Bank News
By David Barwick – VILNIUS (Econostream) – The European Central Bank should cut interest rates again by 25bp in April, given the mounting downside risks associated with new US tariffs, in the view of ECB Governing Council member Gediminas Šimkus.
8 April 2025 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Christodoulos Patsalides on Monday echoed warnings that global developments could threaten the disinflation process and potentially produce stagflation.
7 April 2025 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday predicted an important blow to euro area economic growth from the new US tariffs, whose net effect he insisted would prove deflationary.
7 April 2025 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Isabel Schnabel said on Saturday that uncertainty could increase even further.
5 April 2025 | Central Bank News