By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Wednesday said that the lagged impact of ECB rate hikes and the removal of fiscal stimulus would result in only modest euro area economic growth this year and in 2024.
20 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch has said that high uncertainty made it very unclear whether the ECB’s rate hike last week would be the final one in the current tightening cycle.
20 September 2023
By David Barwick – FRANKFURT (Econostream) – Euro area inflation risks are balanced, one of multiple reasons to think the European Central Bank’s projection of 2.1% inflation in 2025 is achievable, ECB Governing Council member Pablo Hernández de Cos said Wednesday.
20 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Wednesday warned that inappropriate fiscal policies had the potential to support demand so much that monetary policy might need to react.
20 September 2023
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Executive Board member Frank Elderson on Wednesday said that banks that failed to manage their climate and environmental risks could be subject to penalties.
20 September 2023
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Executive Board member Frank Elderson on Tuesday urged banking supervisors to pay heed to the culture in their organisations as an important factor for bank risk.
19 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that inflation would have to retreat to around 2% in order for interest rates to be able to fall again.
19 September 2023
By Mariana Somensi – NICOSIA (Econostream) - Annual inflation in the euro area decreased to 5.2% in August, compared to 5.3% in July, whilst inflation excluding energy, food, alcohol and tobacco decreased to 5.3% from 5.5%, according to data released by Eurostat on Tuesday.
19 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau late Monday said interest rates would remain at 4% as long as necessary to restore price stability.
19 September 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 .
18 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday indicated that he accepted last Thursday’s 25bp rate hike but warned that there was a risk of doing too much.
18 September 2023
By David Barwick – FRANKFURT (Econostream) – German headline and core inflation should continue to decelerate in the next months, but will remain supported by strong wage growth, the German Bundesbank said on Monday in its latest monthly report.
18 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said that the ECB might still have to hike rates.
18 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Friday said that with interest rates at their current level, the euro area could return to price stability before too long.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday warned against being complacent with regard to fiscal policy in an environment of higher interest rates.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday called on euro area government to better coordinate their fiscal policies with monetary policy so as to avoid contributing to inflation.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the ECB’s next monetary policy steps would depend on incoming economic and financial data.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB did not anticipate having to increase official borrowing costs in the near future.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday had it both ways, suggesting by any reasonable interpretation that today’s dovish hike decided by the Governing Council could be the end of the tightening cycle, but at the same time stubbornly beating back the idea that the peak of euro area interest rates had definitively been reached.
14 September 2023
By Mariana Somensi – NICOSIA (Econostream) - The European Central Bank on Wednesday said that Italy's plans to impose an extraordinary tax on credit institutions could threaten the transmission of monetary policy.
13 September 2023