By Marta Vilar – MADRID (Econostream) – The ECB Tone Meter moved slightly hawkish this week, with the Governing Council reading at -0.09, which we classify as broadly neutral but still with a marginal dovish tilt, and the Executive Board at +0.20, which we view as neutral with a marginal hawkish lean.
28 November 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Friday that policymakers should pursue a “well-thought-out” streamlining of bank supervision, arguing that regulatory complexity has grown to a point that it is depressing the productivity of European banks.
28 November 2025
By David Barwick – FRANKFURT (Econostream) – Latvia’s Ministry of Finance has moved to nominate Mārtiņš Kazāks, President of Latvijas Banka and member of the European Central Bank’s Governing Council, for the position of ECB Vice President, it said Thursday.
27 November 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Thursday that the French economy was doing better than expected and that fiscal consolidation would, contrary to common belief, have a positive impact.
27 November 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks said on Thursday that although downside risks to inflation are now “better known”, potential upside risks should not be overlooked.
27 November 2025
By Marta Vilar – ZARAGOZA, Spain (Econostream) – European Central Bank Vice President said on Thursday that the euro area labor market remains well situated, even if the pace of job creation is weaker than in previous years.
27 November 2025
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 24 November with Anu Sammallahti, Director of Finance and Acting Head of Division at Finland’s State Treasury:
27 November 2025
By Marta Vilar – MADRID (Econostream) – Finland would consider issuing bonds in GBP, SEK and NOK if doing so were seen as cost-effective, according to Anu Sammallahti, Director of Finance and Acting Head of Division at the State Treasury.
27 November 2025
By David Barwick – FRANKFURT (Econostream) – Following are key sections of comments by European Central Bank Chief Economist Philip Lane on Wednesday at the Santander CIB Event in Paris:
26 November 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Chief Economist Philip Lane said on Wednesday that it was premature to declare victory on inflation, adding that the sustainability of being at target would remain in doubt until non-energy prices also returned to target.
26 November 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller said Wednesday that a slight dip in inflation below 2% would not in itself justify further rate cuts.
26 November 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Wednesday that the full impact of higher tariffs had yet to materialize with a disinflationary effect in the short term that would be pushed in the opposite direction in the long term due to fragmentation.
26 November 2025
By David Barwick – FRANKFURT (Econostream) – The ECB will soon unveil its first staff projections for 2028, complete with a revised profile of the inflation impact of ETS 2. On paper, that should be a big moment: an extra year of forecast, a new carbon-price shock and an inflation target that is supposed to be symmetric. In practice, Governing Council members are working to make sure it is not.
26 November 2025
By David Barwick – FRANKFURT (Econostream) – The euro area remains exposed to elevated financial stability risks despite resilient markets and strong bank fundamentals, the European Central Bank said Wednesday in its latest Financial Stability Review.
26 November 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boris Vujčić said in an interview published Tuesday that he currently sees no reason for another interest rate cut, while cautioning that a sharp correction in an AI-driven market boom could change the outlook.
25 November 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Tuesday warned against thinking that the ECB had lastingly achieved its inflation target.
25 November 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olaf Sleijpen on Tuesday said that the ECB remained in a good place, but emphasized that this wouldn’t necessarily last.
25 November 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Tuesday that Europe should simplify the banking sector’s regulatory framework in order to boost competitiveness.
25 November 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday said euro area inflation had settled close to 2% and that policymakers would continue taking decisions “flexibly from meeting to meeting” as new data become available.
24 November 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday warned that Europe could face weaker productivity and declining competitiveness unless it accelerates the diffusion of artificial intelligence across the economy.
24 November 2025