News


They Said It - Recent Comments of ECB Governing Council Members

By David Barwick – FRANKFURT (Econostream) – The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 7 March, but earlier comments can still be seen in versions up to that of 4 March .

18 March 2024

ECB’s Lane: Labour Market Softening in Many Ways

By Isabel Teles – LONDON (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that there was evidence showing that the euro area labour market was not as tight as compared to one year ago.

15 March 2024

ECB’s Nagel: New Research Findings Allow for Critical Reflection on the Past

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that the research commissioned by the German Bundesbank on the functioning of financial institutions during the National Socialist era would allow for a better understanding of the past.  

15 March 2024

ECB’s Knot: ‘Too Early to Declare Victory Over Inflation’

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that were still risks to the economic outlook and that it was not yet the moment to consider the fight against inflation won.  

14 March 2024

ECB’s Operational Framework Review: DFR Remains the Main Tool

By Isabel Teles – FRANKFURT (Econostream) – The deposit facility rate (DFR) would remain the main tool of the European Central Bank’s monetary policy, according to a press release published Wednesday by the ECB announcing changes to its operational framework.

13 March 2024

ECB’s Operational Framework Review: Mix of Instruments to Provide Liquidity

By Isabel Teles – FRANKFURT (Econostream) – A mix of instruments including main refinancing operations (MROs), three-month longer-term refinancing operations (LTROs), and, in the future, structural longer-term credit operations and a structural portfolio of securities would be relied on to provide liquidity to  the banking system, according to a press release published Wednesday by the European Central Bank announcing changes to its operational framework.

13 March 2024

ECB’s Operational Framework Review: New Operations to Be Introduced at Later Stage

By Isabel Teles – FRANKFURT (Econostream) – New structural longer-term refinancing operations and a structural portfolio of securities that would contribute to the banking sector’s liquidity needs would be introduced by the European Central Bank at a later moment, according to a press release published Wednesday by the ECB announcing changes to its operational framework.

13 March 2024

ECB’s Operational Framework Review: Spread Between MRO and DFR to be Reduced

By Isabel Teles – FRANKFURT (Econostream) – The spread between the rate on the main refinancing operations (MROs) and the deposit facility rate (DFR) will be reduced from 50bp to 15bp with effect from 18 September 2024, according to a press release published Wednesday by the European Central Bank.

13 March 2024