By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Friday said that high uncertainty justified the ECB’s approach to setting monetary policy, so that the interest rate path ahead was not foreordained.
13 September 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday said that non-bank financial intermediation (NBFI) faced challenges that needed to be addressed from a cross-border perspective.
13 September 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the ECB’s next steps after Thursday’s rate cut would depend on incoming information.
13 September 2024 | Central Bank News
By Marta Vilar - MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel expressed support on Friday for the ECB's rate cut on Thursday, arguing that it was justified by inflation moving in the right direction.
13 September 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – ECB press conferences don’t get much more flawless than the one following Thursday’s meeting of the Governing Council, with President Christine Lagarde giving nothing less than a masterclass in how to beat back attempts to thwart the ECB’s patient approach to monetary policy.
13 September 2024 | Central Bank News
By Isabel Teles and Marta Vilar – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that while the downward direction of interest rates was clear, the path was open.
12 September 2024 | Central Bank News
By Marta Vilar – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided to cut its key interest rates by 25bp, as widely expected by markets and analysts.
12 September 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – Could the European Central Bank Governing Council actually be unanimous in its decision Thursday to cut interest rates by another 25bp?
10 September 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – A key measure of wages for the European Central Bank, compensation per employee, rose slightly in the euro area in the second quarter of 2024, reaching its all-time highest level, according to the ECB data portal’s latest update on Friday.
6 September 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Friday said that the degradation of nature could impact price stability as it led to increased vulnerabilities in the economy and financial system.
6 September 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – The European Central Bank will share its updated projections following the Governing Council meeting on 12 September, and although most policymakers haven’t yet seen these, their public comments may give some idea of what to expect.
5 September 2024 | Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Wednesday said that ECB monetary policy had to stay restrictive for a while but should not undercut growth.
4 September 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – The Spanish government on Wednesday named José Luis Escrivá as the new governor of the country’s central bank.
4 September 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau acknowledged on Wednesday that fiscal affairs in some major European countries, including France, were problematic.
4 September 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Wednesday said that banks needed to build operational resilience to deal with the constantly changing risk environment.
4 September 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday warned that France might not be able to reduce its deficit to below 3% before 2027.
4 September 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Wednesday warned about the risk of monetary policy becoming overly restrictive and harming economic activity.
4 September 2024 | Central Bank News
By David Barwick and Marta Vilar – VILNIUS (Econostream) - Following is the full transcript of the interview conducted by Econostream on 2 September with Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and member of the Governing Council of the European Central Bank:
3 September 2024 | Central Bank News
By David Barwick and Marta Vilar – VILNIUS (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Monday delivered a clear endorsement of a rate cut in September but deemed further easing as soon as October, as well as a step of more than 25bp, ‘quite unlikely’.
3 September 2024 | Central Bank News
By Marta Vilar – MADRID (Econostream) – Time is running out at the Bank of Spain, with days left before the institution could potentially be leaderless at the 12 September meeting of the European Central Bank’s Governing Council, at which monetary authorities are widely expected to cut interest rates by 25bp.
3 September 2024 | Central Bank News