News


Underlying Inflation Looking Sticky, ECB’s Schnabel Says

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel said on Sunday that although headline inflation was falling in the euro area, core inflation remained sticky.

26 March 2023

ECB Must Be Bold and Decisive to Tame Inflation, Nagel Says

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that the ECB’s job was not done yet and bold action would be necessary to tame inflation in the euro area.

24 March 2023

ECB Must Be Bold and Decisive To Tame Inflation, Nagel Says

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that the central bank’s job was not done yet and that bold action would be necessary to tame inflation in the euro area.

22 March 2023

Exclusive: Transcript of Interview with ECB Governing Council member Scicluna on 21 March 2023

- Scicluna: Ramifications of bank turmoil to be felt for some time, also in Europe
- Scicluna: ‘
We strongly believe in the robustness and resilience of our system’
- Scicluna: If we don’t see core inflation peaking, then our job is to continue attacking inflation
- Scicluna: Would be presumptuous for me to say now that I’ll want 50bp in May; must see data
- Scicluna: ‘Nowhere near’
the wage-price spiral we’ve had in the past
- Scicluna: Updated forecasts appeared to us to be out of date the same day
- Scicluna: If core inflation rises, then those who are for tightening will get the upper hand
- Scicluna: ‘Wouldn’t be highly concerned with the results we’re getting from wage settlements so far’
- Scicluna: ‘No indications that we’re seeing’ the light at the end of the inflation tunnel
- Scicluna: Mopping up liquidity is another way to subdue inflation
- Scicluna:
Last week’s decision gives sense of stability; you don’t create more stability by hesitating

22 March 2023