Central Bank


ECB’s Nagel: ‘Inflation is Basically on the Retreat’

ECB’s Nagel: ‘Inflation is Basically on the Retreat’

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
ECB Insight: Villeroy Punctures Lagarde’s Balloon of Strategic Ambiguity, Offers Clarity on October Cut

ECB Insight: Villeroy Punctures Lagarde’s Balloon of Strategic Ambiguity, Offers Clarity on October Cut

By David Barwick – FRANKFURT (Econostream) – Hours after our prediction one week ago that the European Central Bank’s Governing Council would cut interest rates in October, ECB President Christine Lagarde dropped what we and others considered a corroboratory hint. For those not fond of her strategic ambiguity, Council member François Villeroy de Galhau has now provided greater clarity.

7 October 2024