By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Monday said that the latest data had been consistent with projections for inflation but had possibly been weaker than anticipated with respect to growth.
16 October 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that monetary policy normalisation required that the ECB first be sure enough of the restoration of price stability.
16 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Joachim Nagel on Saturday said that monetary policy had to remain tight to control inflation.
14 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank President Christine Lagarde on Saturday said that ECB interest rates would remain high for as long as required to meet the inflation target.
14 October 2023
By David Barwick – MARRAKECH, Morocco (Econostream) – European Central Bank President Christine Lagarde on Saturday said that inflation should remain on a downward trend towards 2% in 2025.
14 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Ignazio Visco on Friday said that there was no need for the ECB to intervene over Italian yields.
13 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday said that it would be necessary to maintain the current restrictive monetary policy stance to ensure monetary stability.
13 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank President Christine Lagarde on Friday said that the ECB was ready to take further action if necessary to get inflation back to target.
13 October 2023
By David Barwick – MARRAKECH, Morocco (Econostream) – Rising Italian bond yields due to that country’s higher-than-expected projected budget deficit exemplify the circumstances under which it would be inappropriate for the European Central Bank to deploy its transmission protection instrument (TPI), in the view of a Eurosystem insider who spoke to Econostream recently.
13 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the peak of core inflation in the euro area had passed and that current ECB rate levels were adequate.
12 October 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank should decide by the end of this year to accelerate the termination of investments under the pandemic emergency purchase programme (PEPP), according to ECB Governing Council member Gaston Reinesch.
12 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Mário Centeno on Thursday said that the ECB would keep the current policy stance until it was clear that inflation was down.
12 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that domestic factors such as services inflation were now more concerning than external factors.
12 October 2023
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that further interest rate hikes would be unlikely if no new shocks occurred.
11 October 2023
By David Barwick – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that emerging markets should be more equitably represented in international financial institutions (IFIs), and that this meant revising IMF quotas.
11 October 2023
By David Barwick – MARRAKECH, Morocco (Econostream) – The European Central Bank may not need to increase borrowing costs further, even if the very high uncertainty now prevailing makes it impossible to say yet for sure that no more rate hikes will be needed, ECB Governing Council member Mārtiņš Kazāks said Wednesday.
11 October 2023
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that there was no need to rush to further adjustments of monetary policy instruments.
11 October 2023
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 . Please note that although we generally try to provide full quotes, in some cases, owing to the high volume of policymaker comments, we are limited to paraphrasing these briefly.
11 October 2023
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday said that monetary policy transmission needed time to materialise and warned against being impatient and overdoing it.
9 October 2023
By David Barwick – FRANKFURT (Econostream) – German Bundesbank Vice President Claudia Buch warned on Monday of the build-up of risks as a consequence of rapidly risen borrowing costs.
9 October 2023