By Isabel Teles – BONN, Germany (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Friday said that that there were divergent views on the Governing Council about cutting interest rates, and that a consensus to cut in June would require a compromise.
24 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that it was not appropriate to speculate on the interest rate path beyond a possible first cut in June.
24 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the ECB wage growth data released earlier tin the day should not be exaggerated and that, barring surprises, the first interest rate cut would be in June.
23 May 2024
By Isabel Teles – FRANKFURT (Econostream) – The recent increase in wage growth in the euro area was due to one-off payments, according to a blog post published on the website of the European Central Bank on Thursday, the same day the ECB wage tracker was updated with data from the first quarter of 2024.
23 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – European Central Bank Executive Board member Isabel Schnabel said on Thursday that a June rate cut is likely if incoming data supported it.
23 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Thursday said that the ECB had been clear regarding a possible interest rate cut at the June meeting and that a reduction of 25bp would be wise.
23 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Wednesday said that European capital markets would benefit from a consolidated legislation enforced by a single supervisor.
22 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – The German economy is expected to grow marginally in the second quarter of 2024, the German Bundesbank said on Wednesday in its latest monthly report.
22 May 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday seemed to want to frame a potential June rate cut in strictly conditional terms, meaning data-dependent, only to then utter words that we understood as firmly endorsing a cut and indeed policy easing in general.
22 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel late Tuesday said that a possible first interest rate cut in June did not mean that others would follow immediately, as there was still some level of uncertainty.
22 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday said that she was confident about reaching price stability, as some of the factors that had impacted inflation were fading away and the forecasts were close to the ECB’s target.
22 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Monday said that the non-bank financial intermediation (NBFI) sector should be strengthened as its close connections to banks could pose risks to financial stability.
20 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that it was necessary to anticipate the risks arising from the increasing participation of funds in financial intermediation.
20 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – The process of reducing interest rates should be cautious and gradual, European Central Bank Governing Council member Mārtiņš Kazāks said Monday.
20 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – The robustness of the financial system in Central, Eastern, and South-Eastern Europe requires better integration, European Central Bank Governing Council member Boštjan Vasle said Friday.
17 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Friday said that inflation had been behaving positively but that it was still necessary to monitor risks, especially related to wages.
17 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Friday said that she did not consider an interest rate cut in July justified, and that the ECB should proceed cautiously after a possible first move in June.
17 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – A June interest rate cut is highly probable, but subsequent rate cuts require more information, European Central Bank Governing Council member Boštjan Vasle said Friday.
17 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the inflation outlook provided enough confidence for a first interest rate cut soon and that this was likely to happen in June.
16 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – Excess liquidity would persist and short-term money market interest rates would remain close to the deposit facility rate, European Central Bank Governing Council member Joachim Nagel said Thursday.
16 May 2024