By David Barwick – TALLINN (Econostream) – If the hawks at the European Central Bank ever seriously entertained hopes of staving off a rate cut on 12 September, those hopes will have dwindled significantly with the release Friday of euro area inflation data confirming the continuation of the disinflation process.
30 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Friday said that the implications of fiscal measures to support business during the Covid period had not been fully evaluated.
30 August 2024
By Isabel Teles and David Barwick – TALLINN (Econostream) – The European Central Bank would have had a much harder time hiking interest rates without the transmission protection instrument (TPI) decided in the run-up to the start of policy tightening, Executive Board member Isabel Schnabel said Friday.
30 August 2024
By David Barwick and Isabel Teles – TALLINN (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks on Friday said that he was open to a discussion of the monetary policy stance at the Council’s upcoming meeting, but that easing should proceed slowly in the context of persistently high services inflation.
30 August 2024
By David Barwick and Isabel Teles – TALLINN (Econostream) – European Central Bank Governing Council member Olli Rehn on Friday said that he hoped the United States Federal Reserve would remain fully independent following the upcoming US elections.
30 August 2024
By David Barwick and Isabel Teles – TALLINN (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks on Friday said that he hoped to see euro area inflation of 2% restored soon, but warned that structural changes were needed to ensure badly needed economic growth.
30 August 2024
By David Barwick and Isabel Teles – TALLINN (Econostream) – European Central Bank Governing Council member Olli Rehn on Friday said that weak euro area economic activity would help justify further monetary easing at the Governing Council’s upcoming policy meeting.
30 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Friday said that incoming data were consistent with restoring price stability in a timely manner, but that it was still necessary to remain cautious when considering cutting interest rates.
30 August 2024
- Nagel: ‘Core Inflation, Especially Services Inflation … Is a Matter of Concern for Us’
- Nagel: ‘We Need to Be Careful and Must Not Lower Policy Rates Too Quickly’
- Nagel: ‘Not Yet Fully Through the Period of Heightened Inflation’
- Nagel: ‘Stronger Economic Recovery Could Further Delay the Return to Our Target’
By David Barwick and Marta Vilar – ALPBACH, Austria (Econostream) – By the time of the upcoming monetary policy meeting of the European Central Bank Governing Council there would ideally be more positive data available for the ECB’s decision-making, according to Council member Robert Holzmann on Wednesday.
29 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday said that wage deceleration in the euro area boosted the ECB’s confidence in the restoration of price stability.
29 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Tuesday said that the Governing Council’s decision in September would be easy if inflation continued to move according to the projections, which had been the case so far.
27 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday avoided commenting on whether the ECB would cut interest rates in September but said that he would be comfortable with a less restrictive monetary policy stance if the disinflation process remained on track.
27 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Robert Holzmann on Friday said that an interest rate cut in September was not a done deal.
24 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Saturday said that monetary policy had been successful in fighting inflation but warned that the return to the ECB's 2% price stability target was not guaranteed.
24 August 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Friday said that the ECB’s next steps were likely to ease monetary policy further.
23 August 2024
By David Barwick – FRANKFURT (Econostream) – In his latest intervention, European Central Bank Governing Council member Mārtiņš Kazāks suggested that a return to the ECB’s 2% price stability target next year was a precondition for a September rate cut. Or did he?
23 August 2024
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest consumer expectations survey, released Friday, showed that consumer expectations of inflation one year ahead remained stable for the third month in a row.
23 August 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks said late Thursday that he was very willing to consider further easing of ECB monetary policy at the Council meeting on 12 September.
23 August 2024
By Isabel Teles – FRANKFURT (Econostream) – Negotiated wage growth decreased in the euro area in the second quarter of 2024, according to the European Central Bank wage tracker’s latest update on Thursday.
22 August 2024