ECB’s de Guindos: Increasing Labour Costs a Risk to Inflation
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Monday said that labour costs were a risk to price stability.
4 December 2023
Central Bank
ECB’s Nagel: Cannot Take Deflation for Granted in Coming Months
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Sunday said that future falls in inflation should not be assumed, notwithstanding the encouraging recent decline.
4 December 2023
ECB’s Herodotou: Escalation of Conflicts Could Threaten Price Stability
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Sunday said that an increase in the violence in Ukraine and the Middle East could boost euro area inflation.
4 December 2023
ECB’s Villeroy: Interest Rate Cuts Might Be Discussed in 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that the ECB might discuss cutting interest rates in 2024.
1 December 2023
They Said It - Recent Comments of ECB Governing Council Members
By David Barwick – FRANKFURT (Econostream) – The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 26 October, but earlier comments can still be seen in versions up to that of 25 October .
1 December 2023
ECB’s Elderson: Need to Become Better at Proposing Solutions to Banking Sector Problems
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Friday said that supervisors and banks could not be content and needed to translate rapidly the identification of sector problems into efforts at devising and proposing a solution.
1 December 2023
ECB’s Nagel: We Can Shrink Balance Sheet Faster
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday said that it was possible to increase the speed in which the ECB’s balance sheet was reduced.
30 November 2023
ECB’s Lagarde: Fight Against Inflation Facilitated by Banking Supervision
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that monetary policy had benefited from banking supervision in the recent challenging context.
30 November 2023
ECB’s Panetta: Normalisation of Balance Sheet Must Be Cautious
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta on Thursday said that the normalisation of the Eurosystem’s balance sheet must be done carefully to avoid putting price stability at risk.
30 November 2023
Exclusive: ECB Insider: We’ll Discuss QT in December; Lagarde Won’t Try to Delay It Indefinitely
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s Governing Council is likely to renew at its December monetary policy meeting the discussion of how to reduce the size of the ECB’s balance sheet further, in the view of a Eurosystem insider who spoke to Econostream recently.
30 November 2023
ECB: ‘European Culture’ and ‘Rivers and Birds’ Possible Themes for New Banknotes
By Isabel Teles – FRANKFURT (Econostream) – New euro banknotes could have ‘European culture’ or ‘rivers and birds’ as a theme, according to a press release published Wednesday by the European Central Bank.
30 November 2023
ECB’s Stournaras: Don’t Expect First Rate Cut Until Mid-2024; April ‘a Bit Optimistic’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Wednesday predicted a first rate cut at the mid-2024 mark, conditional on inflation cooperating.
29 November 2023
ECB’s de Guindos: 'Remuneration on Savings Accounts Should Reflect Our Interest Rates'
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday said that the ECB’s monetary tightening should be reflected in the interest rates paid on retail deposits so as to help dampen demand.
29 November 2023
ECB’s Lagarde: Robust Reporting Framework Would Contribute to Risk Management
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday said that a robust reporting framework would contribute to central banks’ risk-management process.
28 November 2023
ECB Research Bulletin: AI's Impact on Wages and Employment Yet to Be Seen
By Isabel Teles – FRANKFURT (Econostream) – The extent to which AI-enabled technology has impacted wages and employment in Europe to date is not clear yet, according to a research bulletin published Tuesday by the European Central Bank.
28 November 2023
ECB’s de Cos: Can’t Expect Interest Rates to Return to a Neutral Level in the Short Term
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Tuesday reaffirmed that any discussion of ECB monetary policy easing in the near term was misplaced.
28 November 2023
ECB’s Herodotou: Signs of Moderating Wage Growth Could Be Fundamental in Slowing Inflation
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Tuesday said that preliminary indications of moderating wage growth could play a fundamental role in reducing euro area price pressures.
28 November 2023
ECB’s Nagel: Current Interest Rate Hiking Cycle Not Necessarily Over
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that new interest rate increases were not ruled out if inflation did not decrease as expected.
28 November 2023
ECB’s Lagarde: Medium-Term Inflation Outlook Remains Uncertain
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday said that the ECB expected the disinflationary process to continue but that there was still substantial uncertainty regarding the medium-term outlook.
27 November 2023
Exclusive: ECB Insider: A Rate Cut Is Our Likeliest Next Move, But Won’t Come Soon
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s next interest rate move is likelier to be a cut than a hike, but it is unreasonable to expect the easing to come soon, in the view of a Eurosystem insider who spoke to Econostream recently.
27 November 2023