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
14 February 2023 | Central Bank News
Latest News
ECB To Continue To Take ‘Forceful Action’ Beyond March, Makhlouf Says
By Xavier D’Arcy – BERLIN (Germany) – European Central Bank Governing Council member Gabriel Makhlouf said on Tuesday that he expected rate hikes to continue beyond the March meeting and that he was in favour of taking forceful action against inflation.
14 February 2023 | Central Bank News
They Said It About Policy Tightening - Recent Comments of ECB Governing Council Members
By David Barwick – FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members related to the appropriate pace of upcoming ECB monetary policy tightening. We include only comments made since the December 15 Council meeting.
13 February 2023 | Central Bank News
They Said It About Core Inflation - Recent Comments of ECB Governing Council Members
FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members related to the monetary policy relevance of core inflation. We include comments made since the December 15 Council meeting.
13 February 2023 | Central Bank News
ECB: Could Need Tighter Monetary Policy if Govt Measures Not Targeted, Temporary and Tailored
By David Barwick – FRANKFURT (Econostream) – Government fiscal measures to offset the blow from high inflation should be targeted, temporary and not distort market signals, lest monetary policy need additional tightening, the European Central Bank said on Monday.
13 February 2023 | Central Bank News
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
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
ECB’s Schnabel: We Need to Stay the Course and Raise Rates Significantly Further
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Isabel Schnabel said on Friday that the ECB would carry on with rate hikes and keep rates high until it saw clear signs of easing core inflation.
10 February 2023 | Central Bank News
ECB’s de Cos: Should Roll Back Fiscal Support as Energy Cheapens, or May Need Tighter Monetary Policy
By David Barwick – FRANKFURT (Econostream) – If government spending to mitigate the impact of high energy prices does not give way to more fiscal restraint as energy cheapens, this could ultimately require greater monetary tightening, European Central Bank Governing Council member Pablo Hernández de Cos said Friday.
10 February 2023 | Central Bank News
ECB’s Vujčić: ‘Likely to See More Rate Action Beyond March’
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is likely to continue hiking interest rates after increasing them in March, Governing Council member Boris Vujčić said Friday.
10 February 2023 | Central Bank News
ECB’s de Cos: Globalisation Has Been Disinflationary in Advanced Economies Like Europe
By David Barwick – FRANKFURT (Econostream) – The globalisation of the last decades as had a disinflationary impact on the euro area and, to a small extent, limited regional inflation’s sensitivity to domestic influences, European Central Bank Governing Council member Pablo Hernández de Cos said Thursday.
9 February 2023 | Central Bank News
ECB’s Nagel: Monetary Policy Shouldn’t Let Up Too Soon; Still Have a Ways to Go
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday suggested that monetary policy remained far from relaxing.
9 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
9 February 2023 | Central Bank News
ECB’s de Guindos: ‘I Would Not Rule out Further Rate Hikes After March’
By David Barwick – FRANKFURT (Econostream) – The European Central Bank may continue raising official borrowing costs beyond a very probable 50bp hike next month, ECB Vice President Luis de Guindos said Wednesday.
8 February 2023 | Central Bank News
ECB’s Knot: ‘Highly Unlikely’ Hikes Will Stop in March, 50BP in May a Possibility
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot dismissed on Wednesday the idea that the ECB would stop tightening after its next meeting and opened the door to a further 50bp hike at the central bank’s meeting in May.
8 February 2023 | Central Bank News
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
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
ECB: Long-Term Consumer Inflation Expectations Edge Upwards
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s Consumer Expectations Survey results for December 2022, released on Tuesday, show consumers’ long-term inflation expectations rising slightly, whilst their outlook for the immediate term remains high.
7 February 2023 | Central Bank News
Rate Hikes Not Yet Clearly Showing Enough Impact on Inflation, ECB’s Schnabel Says
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel questioned on Tuesday whether the impact of monetary policy tightening to date would return euro area inflation to 2%.
7 February 2023 | Central Bank News
ECB’s Holzmann: ‘Risk of Overtightening Seems Dwarfed by the Risk of Doing too Little’
By David Barwick – BUDAPEST (Econostream) – The European Central Bank’s monetary policy remains subject to a much larger risk from doing too little than from doing too much, according to Governing Council member Robert Holzmann on Monday.
6 February 2023 | Central Bank News