By David Barwick – WASHINGTON (Econostream) – The growing use of AI and large language models (ML) in banking could worsen sector crises if the associated challenges are not addressed, European Central Bank Governing Council member Pablo Hernández de Cos said Wednesday.
17 April 2024 | Central Bank News
By Isabel Teles and David Barwick – WASHINGTON (Econostream) – European Central Bank Executive Board member Piero Cipollone on Wednesday said that once evidence showed that price stability was close to being achieved, then it would be time to reduce interest rates.
17 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – Geopolitical developments in the Middle East pose the largest threat to interest rate cuts this year, European Central Bank Governing Council member Robert Holzmann said Wednesday.
17 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – European Central Bank Governing Council member Joachim Nagel said Wednesday that if incoming data did not surprise, he would support cutting interest rates in June.
17 April 2024 | Central Bank News
By Isabel Teles – WASHINGTON (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the chances that the ECB would start easing monetary policy in June were growing, but that there remained reservations.
17 April 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that the current monetary policy cycle was ready for change.
17 April 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that it would be acceptable for the ECB to reduce interest rates before the Fed.
17 April 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that the ECB’s monetary policy would still be tight even after easing began.
17 April 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Tuesday said that unless there were unexpected shocks, the ECB’s monetary policy stance would change in June.
16 April 2024 | Central Bank News
By Isabel Teles – WASHINGTON (Econostream) – European Central Bank President Christine Lagarde on Tuesday said that provided there were no surprises, it would soon be the moment for the ECB to start easing its monetary policy stance.
16 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – An interest rate cut could happen in June, assuming that there would not be any geopolitical setbacks and inflation would continue to decline, European Central Bank Governing Council member Olli Rehn said on Tuesday.
16 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – The introduction of the digital euro could incentivise households and firms to transfer deposits into digital euros, European Central Bank Governing Council member Joachim Nagel said on Tuesday.
16 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – The time to ease monetary policy in the euro area is coming, European Central Bank Governing Council member François Villeroy de Galhau said on Tuesday.
16 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – European Central Bank monetary policy could be eased in light of changed circumstances, but gradually and with no promises regarding what happens after June, European Central Bank Governing Council member Peter Kažimír said Monday.
15 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – Interest rates are likely to be cut more than three times in the euro area this year, European Central Bank Governing Council member Gediminas Šimkus said on Monday.
15 April 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that the current disinflation process in the euro area was compatible with price stability and economic recovery.
15 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – The growing importance of the non-bank sector calls for more global cooperation to address possible risks to the financial system, European Central Bank Governing Council member Gabriel Makhlouf said on Monday.
15 April 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Saturday said that the ECB's initial rate cut in June had to be followed by more such steps before the end of 2024.
13 April 2024 | Central Bank News
By Aurėja Bobelytė – VILNIUS (Econostream) – Central banks should be transparent about monetary policy and its impact on price stability, European Central Bank Governing Council member Klass Knot said on Friday.
12 April 2024 | Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Friday said that it was necessary to further understand cyber risks to financial stability in order to mitigate them.
12 April 2024 | Central Bank News