By David Barwick – FRANKFURT (Econostream) – That euro area inflation would stubbornly remain at levels well above 2% is the least likely scenario of the three most likely hypothetical scenarios, European Central Bank Executive Board member Philip Lane said Tuesday.
25 January 2022
By David Barwick – FRANKFURT (Econostream) – When the European Central Bank starts hiking interest rates, it probably won’t do so as boldly as the US Federal Reserve, ECB Governing Council member Robert Holzmann said Monday.
25 January 2022
By David Barwick – FRANKFURT (Econostream) – There is a danger of a wage-price spiral in Europe, European Central Bank Governing Council member Robert Holzmann said Saturday.
24 January 2022
By David Barwick – FRANKFURT (Econostream) – Absent any further shocks to the economy, the European Central Bank could be expected to start hiking interest rates next year, ECB Governing Council member Olli Rehn said on Saturday.
24 January 2022
By David Barwick – FRANKFURT (Econostream) – The German economy probably contracted in the last quarter, though the drop would not have been precipitous, the German Bundesbank indicated on Monday in its latest monthly report.
24 January 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that inflation risks were on the upside.
24 January 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Saturday said that while he did not anticipate a hike in official borrowing costs this year, that would have to be watched closely.
24 January 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday said that there was no reason for the ECB to do more than cautiously withdraw measures linked specifically to the pandemic.
24 January 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Saturday said that the ECB intended to gradually modify its policy stance to make sure that inflation slows to a steady level in line with price stability.
23 January 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will take action once the conditions of its forward guidance are met, ECB President Christine Lagarde said Friday.
21 January 2022
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. The frequency of updates will correspond approximately to the frequency with which relevant comments are made.
20 January 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will gradually reduce its asset purchases but at the same time is ready to react in any direction to changes in the macroeconomic environment, ECB Governing Council member Olli Rehn said on Thursday.
20 January 2022
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 15-16 December, released by the ECB on Thursday, suggested that reasonably widely held views of the inflation outlook expressed at the gathering got relatively little airtime at the subsequent press conference by President Christine Lagarde - or since.
20 January 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is unlikely to hike interest rates this year, ECB Governing Council member Pablo Hernández de Cos said Thursday.
20 January 2022
By David Barwick – FRANKFURT (Econostream) – The Eurozone economy is, in contrast to that of the US, not yet at the point where interest rates should rise, European Central Bank President Christine Lagarde said Thursday.
20 January 2022
By David Barwick – FRANKFURT (Econostream) – Econostream’s ranking of Governing Council members in terms of hawkishness/dovishness has been updated today in two respects: a major re-ranking of Banque de France Governor François Villeroy de Galhau and a minor adjustment to the placement of Banque centrale du Luxembourg Governor Gaston Reinesch.
19 January 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the ECB intended to gradually modify its policy stance to make sure that inflation slows to a steady level in line with price stability.
19 January 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday repeated his vow that the ECB would do what is necessary to get inflation back to around 2%.
19 January 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has the instruments to keep inflation from getting out of control, ECB Governing Council member Olli Rehn said on Tuesday.
18 January 2022
By David Barwick – FRANKFURT (Econostream) – Do central bankers anticipate economic developments well enough to remain perpetually one step ahead of financial markets and shape monetary policy proactively, or does the lack of any special foreknowledge mean that in fact they essentially go with the flow?
18 January 2022