Central Bank

ECB’s Lagarde: Discussion of Rate Cut Would Be Totally Premature

By Isabel Teles – ATHENS (Econostream) – European Central Bank President Christine Lagarde on Thursday said that the time had not come to start considering rate cuts.

26 October 2023

ECB Insight: Lagarde Kicks the QT Can Down the Road

By David Barwick – FRANKFURT (Econostream) – One might wonder what the European Central Bank Governing Council discussed at its latest monetary policy meeting, given the absence of any real decision and the evident reluctance of authorities to broach new topics for which this might have been a sensible occasion.

26 October 2023

ECB: Interest Rates Remain Unchanged

By Isabel Teles – ATHENS (Econostream) – The European Central Bank’s Governing Council on Thursday decided to keep its three key interest rates unchanged, as widely expected.

26 October 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 14 September, but earlier comments can still be seen in versions up to that of 11 September .

25 October 2023

ECB’s Lagarde: ‘We Need to Really Bring Inflation Back to 2%’

By Isabel Teles – ATHENS (Econostream) – European Central Bank President Christine Lagarde on Wednesday, one day ahead of the ECB's Governing Council meeting, said that there was still work to be done to bring inflation back to target.

25 October 2023

ECB’s Lagarde: Greek Resilience Should Inspire Europe

By Isabel Teles – ATHENS (Econostream) – European Central Bank President Christine Lagarde on Wednesday said that Greece could be an example to Europe in overcoming challenges.

25 October 2023

ECB’s Lagarde: More Gender Diversity Could Increase GDP per Capita

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday said that gender diversity was beneficial to the economy.

24 October 2023

ECB: Credit Standards to Tighten Further as Lending Dynamics Weaken

By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest Bank Lending Survey (BLS), released on Tuesday, showed that euro area banks expect further net tightening for loans to companies, consumers and households, with minimum changes to housing loans standards.

24 October 2023

ECB Insight: On Hold, Not on Pause, but Still With a Hawkish Bias

By David Barwick – FRANKFURT (Econostream) – To describe the outcome of this week’s European Central Bank Governing Council meeting as a pause might inadequately capture the firmness with which policymakers are actually on hold at the moment, meaning that a rate move is virtually excluded.

24 October 2023

Bundesbank: Core Inflation to Continue Somewhat Above 4%

By Isabel Teles – FRANKFURT (Econostream) – German core inflation should remain a bit over 4%, despite the weaking of the general inflation rate, the German Bundesbank said on Monday in its latest monthly report.

23 October 2023

ECB’s Visco: Supervision Mechanisms Cannot Eliminate Banking Crisis Risk

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco on Friday said that the risk of banking crises was not and could not be completely ruled out.

20 October 2023

ECB’s Visco: Climate Change a Challenge to Central Banks' Mandates

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco on Thursday said that climate change could affect the mandate of central banks.

19 October 2023

ECB Decides to Take Digital Euro Project Into Preparation Phase

By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank Governing Council on Wednesday said it had decided to move on to the preparation phase of the Digital Euro Project as of November 1st.

18 October 2023

They Said It - Recent Comments of ECB Governing Council Members

18 October 2023

ECB Insight: When it Comes to Speeding up QT, the Proponents Outnumber the Opponents

By David Barwick – FRANKFURT (Econostream) – With the European Central Bank Governing Council so clearly intending to abstain from a rate hike at its monetary policy meeting in Athens next week, one might wonder how authorities will fill the void left by this non-decision, given also the absence of updated macroeconomic projections to chew over.

18 October 2023

ECB’s Knot: Must Use Tools of Macroprudential Policy, Also to Counter New Risks

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday said that macroprudential policy faced evolving challenges.

17 October 2023

ECB’s Nagel: ‘Monetary Policy Measures Are Working’

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that the ECB’s monetary policy measures were having an effect on inflation.

17 October 2023

ECB’s de Guindos: ‘Euro Area Financial Stability Outlook Is Fragile’

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that the financial stability outlook was delicate.

17 October 2023

TRANSCRIPT: Interview with ECB Governing Council member Wunsch on 13 October 2023

By David Barwick – MARRAKECH, Morocco (Econostream) - Following is the full transcript of the interview conducted by Econostream on 13 October 2023 with Pierre Wunsch, Governor of the National Bank of Belgium and member of the Governing Council of the European Central Bank.

16 October 2023

Exclusive: ECB’s Wunsch: ‘We Don’t Want to Rock the Boat’; Assume We’ll Be Cautious in Changing PEPP

By David Barwick – MARRAKECH, Morocco (Econostream) – The European Central Bank is likely to approach with caution any decision to change its approach to the pandemic emergency purchase programme (PEPP), according to ECB Governing Council member Pierre Wunsch.

16 October 2023