Free Trial

Latest News

ECB Insight: de Cos Sets the Stage for Worrying Not Just About Risk of Doing Too Little

ECB Insight: de Cos Sets the Stage for Worrying Not Just About Risk of Doing Too Little

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos’ latest remarks are a reminder that the ECB is not going to hike by 50bp forever and that March, whilst probably not the time to decelerate, could be the right moment for authorities to start giving more consideration to the increasing risks of doing too much too fast.

15 February 2023 Central Bank News
Rates To Remain Slightly Above Neutral Until 2025 or 2026, ECB’s Centeno Says

Rates To Remain Slightly Above Neutral Until 2025 or 2026, ECB’s Centeno Says

- Centeno: When we stop hiking, we’ll be confident we’ve done enough for price stability
- Centeno: Don’t see upside risks to inflation, given December forecast revisions
- Centeno: ‘Inflation is going down faster than what we expected in December’
- Centeno: Somewhat uneasy about how fast ECB policy tightening has occurred
- Centeno: Observed euro area average wage increase can’t be considered 2d-round effect

14 February 2023 Central Bank News
ECB Could Provide Clarity on Terminal Rate in March, Centeno Says

ECB Could Provide Clarity on Terminal Rate in March, Centeno Says

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno said on Monday that the ECB’s terminal rate should become a lot clearer at its upcoming monetary policy meeting in March.

13 February 2023 Central Bank News
ECB’s Visco: Should Proceed Gradually and Prudently, With Measured Steps

ECB’s Visco: Should Proceed Gradually and Prudently, With Measured Steps

By David Barwick – FRANKFURT (Econostream) – The European Central Bank must continue tightening monetary policy, but should proceed slowly and cautiously, without taking unduly large steps and guided by incoming information, ECB Governing Council member Ignazio Visco said on Saturday.

11 February 2023 Central Bank News
Exclusive: ECB’s Kazāks: Rates Need to Keep Rising After March, But Too Soon to Say How Fast or How Much

Exclusive: ECB’s Kazāks: Rates Need to Keep Rising After March, But Too Soon to Say How Fast or How Much

- Kazāks: ‘Getting to 3% in March is a good choice that … will take us into restrictive territory’
- Kazāks: ‘Rates will need to go up at further meetings’ even after March; 'we are on a solid path of rate increases' 
- Kazāks: ‘At some point we’ll reduce our speed’, but ‘by no means’ in March
- Kazāks: Hiking more than 50bp in March ‘would be reckless’, not needed in view of previous steps
- Kazāks: Too early to say how big May rate hike should be
- Kazāks: ‘Quite likely that there’s not going to be a recession at all’
- Kazāks: Once at terminal, expect to ‘stay there for an extended period’; rate cut in 2023 would be 'way too premature'
- Kazāks: ‘Terminal rate is by no means 3%, that has to be clear’, but ‘I also don’t think we will go as high as the US’
- Kazāks: Baseline would be ‘more benign inflation projections in March, but there are risks on both sides’

9 February 2023 Central Bank News
ECB’s Nagel: Hiking Won’t End in March; Don’t Expect Rate Cuts Soon

ECB’s Nagel: Hiking Won’t End in March; Don’t Expect Rate Cuts Soon

By Xavier D’Arcy – FRANKFURT (Econostream) – Governing Council member Joachim Nagel pushed back on Tuesday against suggestions that the European Central Bank’s hiking cycle could end after its pre-announced 50bp hike in March, and dismissed the possibility of rate cuts anytime soon.

7 February 2023 Central Bank News
ECB in Better Position to Tackle Inflation Now, Villeroy Says

ECB in Better Position to Tackle Inflation Now, Villeroy Says

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Tuesday that recent economic developments in the Eurozone were facilitating monetary policy’s fight against high inflation.

7 February 2023 Central Bank News