News


ECB’s Cipollone: ECB Preparing for Potential 2029 Digital Euro Launch

ECB’s Cipollone: ECB Preparing for Potential 2029 Digital Euro Launch

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone said Tuesday that the ECB was stepping up technical preparations for a possible digital euro launch in 2029, with a pilot due to begin in the second half of 2027 if EU legislation is adopted this year.

24 March 2026
ECB’s Villeroy: ECB Must Prevent Second-Round Effects

ECB’s Villeroy: ECB Must Prevent Second-Round Effects

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that the ECB was responsible for preventing second-round effects from the latest energy shock and was well positioned to do so if necessary.

24 March 2026
ECB’s Kocher: “Very Close Eye” on Second-Round Effects

ECB’s Kocher: “Very Close Eye” on Second-Round Effects

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Martin Kocher said Tuesday that policymakers were watching closely for second-round effects from the recent energy shock, saying these were what mattered for the medium-term inflation path and stressing that the goal remained to return inflation to 2%.

24 March 2026
Why Didn’t Our ECB Tone Meter Turn as Hawkish as Markets After the Iran Shock?

Why Didn’t Our ECB Tone Meter Turn as Hawkish as Markets After the Iran Shock?

By Marta Vilar – MADRID (Econostream) - After the Iran conflict erupted on February 28, markets moved quickly to reprice the outlook for rates, increasingly factoring in ECB hikes. Our ECB Tone Meter , however, told a different story, remaining broadly neutral and only edging higher after the Governing Council meeting on March 19.

24 March 2026
ECB’s Kazāks: April Is “Very Close” if Energy Shock Starts Spreading

ECB’s Kazāks: April Is “Very Close” if Energy Shock Starts Spreading

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks on Tuesday said the ECB would raise interest rates if the latest energy shock began feeding through into broader inflation, while declining to rule out action as soon as next month.

24 March 2026
ECB Insight: With the Vice Presidency Secured, Vujčić Shows His Hawkish Hand

ECB Insight: With the Vice Presidency Secured, Vujčić Shows His Hawkish Hand

By David Barwick – FRANKFURT (Econostream) – In his first substantive public intervention since being confirmed as the next ECB vice president, Croatian National Bank Governor Boris Vujčić did not merely keep April alive. He leaned distinctly hawkish, normalized the idea of more than one rate hike, and suggested that the euro area may already be drifting away from the European Central Bank’s baseline and toward something closer to the ECB’s severe scenario only days after the scenario analysis was unveiled.

24 March 2026
ECB’s Vujčić: Must Stay “Very Agile and Vigilant” as Stagflation Risk Rises

ECB’s Vujčić: Must Stay “Very Agile and Vigilant” as Stagflation Risk Rises

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boris Vujčić on Tuesday said the ECB had to remain “very agile and vigilant” as the Iran war pushed the euro area closer to stagflation risk, while making clear that policymakers would soon know whether higher interest rates were needed.

24 March 2026
ECB’s Lane: AI Uncertainty Calls for Data-Dependent Policy

ECB’s Lane: AI Uncertainty Calls for Data-Dependent Policy

By David Barwick – FRANKFURT (Econostream) – European Central Bank Chief Economist Philip Lane on Monday said artificial intelligence could eventually reshape productivity, investment, employment and the natural rate of interest in the euro area, but that its monetary-policy implications remained too uncertain to support any mechanical conclusion.

23 March 2026
ECB Insight: De Guindos Makes April a More Credible Decision Point

ECB Insight: De Guindos Makes April a More Credible Decision Point

By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos’ interview with Spanish daily El Mundo on Monday was no overt attempt to prepare markets for an April rate hike, given how closely he hewed to the meeting-by-meeting, data-dependent line. And yet, the interview does nothing to make such a decision look less conceivable.

23 March 2026