By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Philip Lane said on Monday that the ECB should stick to its current communication approach without guidance on the speed and size of interest rate cuts.
25 November 2024 | Central Bank News
By David Barwick and Marta Vilar – FRANKFURT (Econostream) - Like a leg straightening at the blow of a reflex hammer, markets reacted to Friday’s euro area PMI data by assuming that the stage was finally set for the European Central Bank to cut by 50bp next month. We think they are – yet again - assuming too much.
25 November 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Philip Lane said on Monday that the ECB should not maintain a restrictive monetary policy stance for too long lest it impact inflation and economic growth.
25 November 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Saturday that the decisions taken by the ECB are independent of those of the Fed.
23 November 2024 | Central Bank News
By Marta Vilar – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy said on Friday that economic activity in France was stronger than recent PMI data might suggest.
22 November 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that the ECB was evidently succeeding in getting inflation under control and that authorities were quite sure of durably restoring price stability earlier than projected in September.
22 November 2024 | Central Bank News
By Marta Vilar – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Friday that the latest PMI data were not surprising and confirmed the sluggish situation of the German economy.
22 November 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council members Joachim Nagel and François Villeroy de Galhau on Friday said that victory in the fight against inflation was in view and called for Germany and France to lead efforts to overcome challenges to Europe.
22 November 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday cautioned that the ramifications of the outcome of the elections in the US included international trade conflicts and probably higher inflation in both Europe and the US.
22 November 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos on Friday downplayed the importance of the amount by which the ECB cuts rates, reiterating that the direction of monetary policy is clear.
22 November 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) - European Central Bank President Christine Lagarde on Friday said that the fragmentation of capital markets in Europe called for achieving Capital Markets Union (CMU) and proposed solutions to the various factors hindering progress toward this goal.
22 November 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Christodoulos Patsalides on Thursday said that the ECB should cut interest rates only gradually even with economic growth feeble.
21 November 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Yannis Stournaras said on Thursday that it could be time to think about removing from the ECB's Monetary Policy Statement the reference to interest rates being set at a ‘sufficiently restrictive’ level.
21 November 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Thursday that if US President-elect Donald Trump were to raise tariffs against Europe, the region's inflation wouldn’t suffer a big hit.
21 November 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta is nothing if not persistent. Dwindling hopes of egging his peers into an outsized rate cut next month seem merely to have motivated him to try another tack to engineer more accommodation.
21 November 2024 | Central Bank News
By Marta Vilar – ATHENS (Econostream) – Following is the full transcript of the interview conducted by Econostream on 8 November 2024 with Dimitris Tsakonas, Director General of the Greek Public Debt Management Agency:
20 November 2024 | Central Bank News
By Marta Vilar – ATHENS (Econostream) – An upgrade of Greece’s credit rating to investment grade by rating agency Moody’s could lead to €3-5 billion in additional demand for Greek debt, said Dimitris Tsakonas, Director General of the Public Debt Management Agency of the country.
20 November 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Wednesday that the central bank was not ‘almighty’ in tackling weak growth, which was the greatest risk for the moment.
20 November 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – German economic weakness is set to persist in the current quarter, the German Bundesbank said on Tuesday in its latest monthly report.
19 November 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Tuesday that the ECB should ease its monetary policy to neutral or accommodative territory ‘if necessary’.
19 November 2024 | Central Bank News