Central Bank

ECB’s Makhlouf: “We Are Near the Bottom”

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that the ECB was close to being done cutting interest rates.

29 September 2025

ECB’s Sleijpen Avoids Label as Dove or Hawk, Flags Elevated Uncertainty

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Olaf Sleijpen on Saturday declined to say whether he considered himself a monetary policy hawk or dove and noted that uncertainty was high.

27 September 2025

ECB’s Stournaras: Euro Area Resilient, Inflation Near 2% but Risks Persist

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday said the euro area economy had shown “remarkable resilience” and that inflation was set to ease close to the ECB’s target, while warning that trade tensions and geopolitics were keeping risks tilted to the downside.

26 September 2025

ECB’s Centeno: Even in a Good Position, We Must Not Overlook Risks

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Mário Centeno said on Friday that being in a “good position” should not be mistaken for an absence of risks to inflation.

26 September 2025

ECB’s Escrivá: Markets Could Be Underestimating Risks of US Policies

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Friday that markets’ failure to price in risks related to U.S. trade policies, expansionary fiscal measures, and institutional weakening did not mean that significant negative effects could not materialize in the short or medium term.

26 September 2025

ECB’s Cipollone: “Ready to React if Inflation is Expected to Deviate Significantly from our 2% Target”

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Thursday again endorsed the ECB’s current monetary policy stance and declined to encourage expectations of another rate cut, suggesting that this would require a major deviation from target.

25 September 2025

ECB’s Kažimír: Inflation Target Reached, Need to Remain “Patient”

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Peter Kažimír said on Thursday that the 2% inflation target had been reached and that there was no need to rush into more interest rate adjustments.

25 September 2025

ECB Insight: Cipollone’s Hawkish-Tinged Optimism Marks a Shift in Tone

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone's latest message is as striking for its tone as for its content. The Italian policymaker, generally seen as part of the Governing Council’s more dovish contingent, struck an unexpectedly upbeat note on growth and offered no hint of encouragement to those hoping for easier policy.

24 September 2025

ECB’s Cipollone: European Economy “Surprisingly Resilient”, Doing “Pretty Well”

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Wednesday expressed a relatively high degree of satisfaction with the economic outlook and predicted that inflation over the next two years would remain close to the ECB’s price stability target.

24 September 2025

ECB Insight: No Fault Line Yet, Just a Few Faint Cracks

By David Barwick – FRANKFURT (Econostream) – The deluge of recent European Central Bank communication suggests a Governing Council still largely comfortable with its current stance, even as a few members leave the door ajar for more easing. The pattern emerging from speeches and interviews over the past days is less about fundamentally new perspectives than about positioning, nuance and subtle divergences on risks.

23 September 2025

ECB’s Nagel: Euro Strength, Digital Currency Key to Europe’s Sovereignty

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday warned that Europe must bolster its economic and financial sovereignty, arguing that a strong euro, deeper capital markets and the development of a digital euro are essential to withstand geopolitical and technological challenges.

22 September 2025

ECB’s Stournaras: High Greek Inflation Due to Strong Demand; Wage Hikes Must Track Productivity

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras said Greece’s inflation remains about a percentage point above the euro area average because domestic demand is outpacing supply, and warned that pay rises must not exceed productivity gains.

22 September 2025

ECB’s Escrivá: Exchange Rate Level Not a Concern, Inflation Projections on Target

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Monday that the current level of the exchange rate was not a concern for policymakers.

22 September 2025

ECB’s Makhlouf: Aging Populations Threaten Euro Area Job Growth, Migration Only Partial Solution

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday warned that Europe’s shrinking and aging workforce would slow employment and economic growth, saying migration could only partly offset the drag.

22 September 2025