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ECB’s Panetta: Need to Ensure Interoperability of CBDCs to Improve Payments

ECB’s Panetta: Need to Ensure Interoperability of CBDCs to Improve Payments

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta on Monday said that many central banks were considering central bank digital currencies (CBDCs) and that it was necessary to ensure the interoperability of CBDCs to guarantee an adequate payments process.

6 May 2024 | Central Bank News
ECB’s Villeroy: CBDC a Stability Anchor; Commercial Banks Must Not Fear

ECB’s Villeroy: CBDC a Stability Anchor; Commercial Banks Must Not Fear

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday said that commercial banks must not be afraid of central bank digital currency (CBDC), as its primarily role was to contribute to financial system stability.

6 May 2024 | Central Bank News
ECB’s Lane: Best Not Pre-Committing to Rate Path in Uncertain Environment

ECB’s Lane: Best Not Pre-Committing to Rate Path in Uncertain Environment

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane late Thursday said that keeping a data-dependent and a meeting-by-meeting approach was the best way to deal with unexpected events when calibrating the monetary policy stance.

2 May 2024 | Central Bank News
ECB‘s Holzmann: Interest Rates Should Not Be Cut in July

ECB‘s Holzmann: Interest Rates Should Not Be Cut in July

By Aurėja Bobelytė – VILNIUS (Econostream) – The European Central Bank should refrain from cutting key interest rates back-to-back in June and July, ECB Governing Council member Robert Holzmann said Tuesday.

30 April 2024 | Central Bank News
Exclusive: ECB’s Wunsch: A Second Cut in July Would Lead to Repricing That Might Go Too Far

Exclusive: ECB’s Wunsch: A Second Cut in July Would Lead to Repricing That Might Go Too Far

By David Barwick – WASHINGTON (Econostream) – Were the European Central Bank to cut interest rates in both June and July, financial markets would tend to anticipate a relatively fast pace of further monetary policy easing, potentially leading to another bout of unjustified exuberance, according to ECB Governing Council member Pierre Wunsch.

29 April 2024 | Central Bank News
ECB’s Knot: Confident About Disinflation, but Need to See Wage Developments

ECB’s Knot: Confident About Disinflation, but Need to See Wage Developments

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Monday said that his confidence about the disinflationary process was growing, but that key conditions related to the labour market needed to materialise for the ECB's 2% target to be met.

29 April 2024 | Central Bank News