ECB’s Nagel: A ‘Steady Hand’ is Required in Monetary Policy
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Tuesday urged a stable approach to the ECB’s monetary policymaking.
15 July 2025
Central Bank
ECB Insight: Joachim Nagel— At Last, the Right German, but at the Wrong Time?
By David Barwick – FRANKFURT (Econostream) – With less than a year until the next expected vacancy on the European Central Bank’s Executive Board—Vice President Luis de Guindos is due to depart at the end of May 2026— sets off a new round of openings, we continue our examination of policymakers with a credible shot not only at joining the Board, but at leading it.
14 July 2025
ECB Insight: Schnabel Casts Further Doubt on September Cut
By David Barwick – FRANKFURT (Econostream) – We wrote in this space on 27 June that it was ‘appropriate to view a September cut — never a certainty — with less confidence than may have seemed justified three weeks ago.’ If at the time we tended to incline toward the view that the September cut could simply be delayed, we must now wonder whether there will be any further easing at all.
11 July 2025
ECB’s Panetta: Appropriate to Cut Rates Further if Downside Risks to Growth Strengthen Disinflation
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Friday that if downside growth risks added to existing disinflation, the ECB would have to cut interest rates further.
11 July 2025
Transcript: Interview with ECB Executive Board member Isabel Schnabel on 09 July 2025
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on 09 July with Isabel Schnabel, member of the Executive Board of the European Central Bank:
11 July 2025
Exclusive: ECB’s Schnabel: ‘The Bar for Another Rate Cut Is Very High’
By Marta Vilar and David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Wednesday firmly rejected calls for further monetary policy easing in the euro area and downplayed concerns about the euro’s exchange rate strength.
11 July 2025
ECB’s Holzmann: No Reason to Cut Rates Further in 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Robert Holzmann said on Wednesday that there was no reason to cut interest rates again in 2025.
9 July 2025
ECB’s Nagel: Must neither Commit to a Further Rate Step nor Rule It Out
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that it would not be appropriate for policymakers to promise or exclude further easing.
9 July 2025
ECB’s de Guindos: Hope Exchange Rate Stabilises and Does Not Have Further Negative Impact
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Wednesday that he hoped the euro would stabilise and that its strength would have no additional negative impact.
9 July 2025
ECB’s Lane: Cut Aimed at Preventing Persistent Undershooting, Stance Remains Data Dependent
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s June rate cut was intended to prevent temporary inflation undershooting from becoming more lasting, ECB Executive Board member Philip Lane said Wednesday, adding that high uncertainty continued to call for a data-dependent, meeting-by-meeting approach.
9 July 2025
ECB’s Vujčić: Data Will Say if We Have to Cut Rates Further or Stay Put
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Boris Vujčić said on Tuesday that incoming data would determine if the ECB had to lower rates further or if it would be better off keeping them at current levels.
8 July 2025
ECB’s Nagel: Optimistic That Germany Will Realise We Can’t Abandon Fiscal Restraint Forever
By David Barwick - TALLINN (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday said that it was important that Germany not lose sight of the need for sustainable fiscal developments.
7 July 2025
ECB Insight: De Cos – Basel Over Frankfurt, for Now
By David Barwick – FRANKFURT (Econostream) – With less than a year to go until the next anticipated vacancy on the European Central Bank’s Executive Board—Vice President Luis de Guindos is set to depart at the end of May 2026—we consider it timely to examine some of the policymakers regarded as potential Board candidates.
7 July 2025
ECB’s Nagel: See ‘Grounds for Cautious Optimism as We Look to the Future’
By David Barwick - TALLINN (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday said that he saw indications of a German economic recovery ahead and was thus cautiously optimistic.
7 July 2025
Transcript: Interview with ECB Governing Council member Mário Centeno on 2 July
By Marta Vilar – SINTRA, Portugal (Econostream) - Following is the full transcript of the interview conducted by Econostream on 2 July with Mário Centeno, Governor of the Banco de Portugal and member of the Governing Council of the European Central Bank.
7 July 2025
Exclusive: ECB’s Centeno: Must Act if Growth Remains Flat and Inflation Stays Close to 1%
By Marta Vilar – SINTRA, Portugal (Econostream) – The European Central Bank should react if economic growth continues to stagnate and inflation stays close to 1% in the coming quarters, according to ECB Governing Council member Mário Centeno.
7 July 2025
ECB’s Stournaras: Monetary Policy Restrictiveness ‘Largely’ Removed
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Saturday said that monetary policy restrictiveness had been mostly removed.
5 July 2025
ECB Insight: Waiting for September – No Slam Dunk Yet Either Way
By David Barwick – FRANKFURT (Econostream) – Today, we undertake another member-by-member review of the European Central Bank Governing Council, this time with respect to the likelihood of support for a rate cut in September.
4 July 2025
ECB’s Villeroy: Euro Strength Could Increase Risk of Undershooting
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Friday that there was a risk that inflation would undershoot the ECB's 2% target if the strength of the euro were to persist.
4 July 2025
ECB’s Lagarde: To Do Whatever It Takes to Ensure Inflation Stays at 2%
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde said Friday that the ECB had delivered price stability, given euro area inflation of 2%, and would continue to do so at all cost.
4 July 2025