By David Barwick – FRANKFURT (Econostream) – As if he heard opportunity knocking, European Central Bank Governing Council member Mário Centeno has been doubling down on his expressions of desire to see his peers start applying patience to the setting of monetary policy.
28 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank should only keep its balance sheet as large as necessary to ensure sufficient liquidity and effectively steer short-term interest rates, Executive Board member Isabel Schnabel said on Monday.
27 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday said that the financial market tensions would inevitably have an effect on the ECB’s monetary policy.
27 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that it was necessary to reduce the ECB’s bond holdings more quickly.
27 March 2023
By David Barwick – FRANKFURT (Econostream) – The recent financial tensions could cause a tightening of financial conditions that dampens growth and inflation, European Central Bank Governing Council member Pablo Hernández de Cos said Monday.
27 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday urged that the ECB’s monetary tightening not go beyond what was required by inflation.
27 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday called for patience in setting ECB monetary policy so as to let previous measures unfold their impact.
27 March 2023
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
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice-President Luis de Guindos said on Sunday that financial instability could possibly lead to lower growth and lower inflation in the euro area.
26 March 2023
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
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will likely need to hike further at the May monetary policy meeting, but the decision won’t be made before all relevant information is available, according to Governing Council member Robert Holzmann on Thursday.
23 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Thursday said the ECB had to take into account that banking sector turmoil would effectively do part of its tightening job for it.
23 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco said on Thursday that recent market turmoil meant policymakers needed to take a cautious approach to monetary policy.
23 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot said on Thursday that there was still a lot of work to do fighting high inflation in the Eurozone.
23 March 2023
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
- 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
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Wednesday that abrupt policy moves should be avoided and that further tightening must be prudent.
22 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Wednesday said that quantitative tightening and interest rate policy could conceivably work at cross-purposes without any issue.
22 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane said on Wednesday that if financial stress proved to be temporary, further rate hikes would be appropriate.
22 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the ECB had to continue hiking interest rates but that monetary policy was getting close to the point of being restrictive.
22 March 2023