By David Barwick – FRANKFURT (Econostream) – The data at the disposal of the European Central Bank’s Governing Council during today’s monetary policy meeting must have been quite unambiguous indeed.
17 October 2024
By Marta Vilar – MADRID (Econostream) - European Central Bank President Christine Lagarde on Thursday said that every data set received since the last Governing Council meeting had pointed to lower inflation.
17 October 2024
By Marta Vilar – MADRID (Econostream) - The European Central Bank’s Governing Council decided on Thursday to cut each of its three key interest rates by 25bp, as widely expected by markets and analysts.
17 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that Europe should embrace changes in the global economy, as these could represent an opportunity if met correctly.
16 October 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde might be well advised to resist her usual instincts and refrain from seeking unanimous support for the rate cut we expect to emerge from this week’s Governing Council meeting.
15 October 2024
By Marta Vilar – The European Central Bank’s latest Bank Lending Survey, released on Tuesday, showed that recent interest rate cuts did not ease credit standards for loans to enterprises and consumer credit in the Eurozone in 3Q24.
15 October 2024
By Marta Vilar – MADRID (Econostream) – Faster disinflation and weaker economic growth are not the only arguments wielded by European Central Bank Governing Council members in support of a rate cut this week. Cracks in the area’s labour market are also increasingly cited by authorities wanting to ease monetary policy further.
14 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that central banks should ensure interoperability in their CBDCs from the very beginning.
14 October 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday urged the complete implementation of Basel III banking standards and said that some additional modifications might be necessary in light of the turmoil among some banks in March 2023.
11 October 2024
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – Right off the bat, we would like to note that we stick to the view that the European Central Bank’s Governing Council is more likely than not to cut interest rates by 25bp at its monetary policy meeting next week. Too many Council members have indicated too clearly that they favour this outcome, while too few have expressed opposition or even just uncertainty.
11 October 2024
By David Barwick – FRANKFURT (Econostream) – On a day like today, that so very German word Torschlusspanik might come to mind. Literally ‘gate-closing panic’, it refers to the fear of letting an important opportunity slip by at the last minute and is often used in the context of those worried that their marriageability is on the verge of expiration.
9 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Pierre Wunsch said on Wednesday that the impact of climate transition on r* and inflation was ‘uncertain’.
9 October 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Christodoulos Patsalides on Wednesday said that the ECB could be able to cut rates this month but should consider all available information.
9 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Pierre Wunsch said on Wednesday that despite the comments of his colleagues about a potential October cut, the decision was not yet taken.
9 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that a new interest rate cut was ‘very likely’ to emerge from next week's monetary policy meeting.
9 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Frank Elderson said on Wednesday that ignoring climate risks would jeopardise the ECB’s ability to deliver on its price stability mandate.
9 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Yannis Stournaras said on Wednesday that monetary policy would remain ‘highly restrictive’ even if the ECB cuts interest rates by 25bp twice before year's end.
9 October 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that despite the expected rebound of euro area inflation this quarter, inflation was essentially on the decline.
8 October 2024
By Marta Vilar – MADRID (Econostream) – As support mounts for an interest rate cut at the European Central Bank’s Governing Council meeting next week, policymakers appear oddly unfazed by the dramatic impact on oil prices of rising tensions in the Middle East.
8 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Boštjan Vasle said on Tuesday that a potential rate cut by the ECB this month would not imply another such move in December.
8 October 2024