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ECB’s Escrivá: Central Scenario Has Tracked Events Closely, but Outlook Remains Hard to Judge

ECB’s Escrivá: Central Scenario Has Tracked Events Closely, but Outlook Remains Hard to Judge

By David Barwick – WASHINGTON (Econostream) – European Central Bank Governing Council member José Luis Escrivá on Wednesday said the ECB’s central scenario had tracked recent developments “very closely” over the last six weeks, but cautioned that policymakers could not be sure markets were fully capturing the risk of further supply disruptions or that standard models could reliably estimate the effects of such shocks.

15 April 2026 Central Bank News
ECB’s Cipollone: Tokenization Needs Central Bank Money to Deliver Efficiency Gains

ECB’s Cipollone: Tokenization Needs Central Bank Money to Deliver Efficiency Gains

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Wednesday said tokenization could sharply improve the efficiency of finance, but only if central banks help provide the settlement asset, collateral framework, and common standards needed for the new ecosystem to scale.

15 April 2026 Central Bank News
ECB Insight: Lagarde’s No Tightening Bias: Dovish or Dumbish?

ECB Insight: Lagarde’s No Tightening Bias: Dovish or Dumbish?

By David Barwick – FRANKFURT (Econostream) – We argued on March 27 that European Central Bank Executive Board member Isabel Schnabel had given the Governing Council “room to wait.” On April 1 we said April 30 still looked live, but that it sounded “less and less like the ECB is trying to lead markets there,” a point we sharpened further on April 7 and April 8 . President Christine Lagarde’s Bloomberg TV interview on Tuesday strongly reinforces that line.

14 April 2026 Central Bank News
ECB’s Rehn: Rate Decisions Not Locked In Beforehand as War Clouds Inflation Outlook

ECB’s Rehn: Rate Decisions Not Locked In Beforehand as War Clouds Inflation Outlook

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn said on Tuesday that although the war in the Middle East would unavoidably lift headline inflation this year, its medium-term impact on inflation remained unclear, as the conflict also slowed euro area growth and complicated the ECB’s policy calculus.

14 April 2026 Central Bank News
ECB Insight: Dolenc Adds to Evidence of Little Appetite for Hiking

ECB Insight: Dolenc Adds to Evidence of Little Appetite for Hiking

By David Barwick – FRANKFURT (Econostream) – Our Insights on April 7 , April 1 and March 27 argued that recent European Central Bank Governing Council communication had increasingly come to sound like that of a body dutifully keeping April 30 live while sounding reluctant to move then. Bank of Slovenia Governor Primož Dolenc’s podcast comments on Wednesday reinforce that impression — despite almost certainly having been recorded before the overnight ceasefire between the United States and Iran.

8 April 2026 Central Bank News
ECB’s Dolenc Warns Iran Conflict May Push Inflation Higher and Weigh Further on Growth

ECB’s Dolenc Warns Iran Conflict May Push Inflation Higher and Weigh Further on Growth

By Marta Vilar and David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Primož Dolenc said on Wednesday that the war in Iran would negatively impact both inflation and growth, while cautioning more broadly that the conflict would have repercussions for Slovenia, Europe, and the global economy.

8 April 2026 Central Bank News