By Isabel Teles – FRANKFURT (Econostream) – The deposit facility rate (DFR) would remain the main tool of the European Central Bank’s monetary policy, according to a press release published Wednesday by the ECB announcing changes to its operational framework.
13 March 2024
By Isabel Teles – FRANKFURT (Econostream) – A mix of instruments including main refinancing operations (MROs), three-month longer-term refinancing operations (LTROs), and, in the future, structural longer-term credit operations and a structural portfolio of securities would be relied on to provide liquidity to the banking system, according to a press release published Wednesday by the European Central Bank announcing changes to its operational framework.
13 March 2024
By Isabel Teles – FRANKFURT (Econostream) – New structural longer-term refinancing operations and a structural portfolio of securities that would contribute to the banking sector’s liquidity needs would be introduced by the European Central Bank at a later moment, according to a press release published Wednesday by the ECB announcing changes to its operational framework.
13 March 2024
By Isabel Teles – FRANKFURT (Econostream) – The spread between the rate on the main refinancing operations (MROs) and the deposit facility rate (DFR) will be reduced from 50bp to 15bp with effect from 18 September 2024, according to a press release published Wednesday by the European Central Bank.
13 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the ECB was likely to reduce interest rates in June in line with a pragmatic approach.
13 March 2024
By David Barwick – FRANKFURT (Econostream) – The European Central Bank my soon be able to start cutting interest rates, but must act with caution in an uncertain environment fraught with risks, ECB Governing Council member Mārtiņš Kazāks said Wednesday.
13 March 2024
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is set to announce the outcome of its operational framework review on Wednesday, following a final meeting, held virtually, of the Governing Council.
12 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday said that financial inclusion was especially relevant when responding to digital innovation, and that both needed to be well matched.
12 March 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – Most consumers in the euro area prefer to use one payment method, generally cash or contactless cards, the European Central Bank said on Tuesday.
12 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that there was a common understanding within the Governing Council on reducing interest rates during the spring.
12 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that the next steps regarding interest rates would be determined by the success in achieving price stability.
11 March 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said that the ECB’s confidence would ‘reach the threshold’ in June.
11 March 2024
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 7 March, but earlier comments can still be seen in versions up to that of 4 March .
11 March 2024
By David Barwick – FRANKFURT (Econostream) – The inclusion of owner-occupied housing (OOH) in annual euro area HICP would impact the latter in an amount between -1.2 and +0.4 points, the European Central Bank said on Monday.
11 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Saturday said that when the time came for the ECB to modify its monetary policy stance, gradual changes would be preferable.
11 March 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Sunday said that information to come over the second quarter should put the ECB in a position where it could consider cutting interest rates.
10 March 2024
By David Barwick – FRANKFURT (Econostream) – The risk that a European Central Bank rate cut would turn out to have been too early is now significantly lower, Governing Council member Olli Rehn said on Friday.
8 March 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB may in the next months gain the necessary confidence whose lack had motivated yesterday’s decision to leave rates untouched.
8 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that interest rates were likely to be reduced in the spring.
8 March 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that it remained uncertain whether the ECB would have to tighten monetary policy further.
8 March 2024