By David Barwick – VILNIUS (Econostream) – Following is the full transcript of the interview conducted by Econostream on 05 April 2023 with Gediminas Šimkus, Governor of the Bank of Lithuania and member of the Governing Council of the European Central Bank.
6 April 2023
- Šimkus: Active asset sales ‘could be an option some day in the future’, but not for July
- Šimkus: ‘Let’s deal with the APP and then come back to the PEPP’
- Šimkus: ‘I don’t see a pause in hiking rates in May as a likely scenario’
- Šimkus: Size of rate moves ‘will depend on the data, but we still have some way to go’
- Šimkus: ‘We still need to let the impact of past policy moves kick in’
- Šimkus: ‘Need to maintain the restrictive stance for quite some time’
- Šimkus: ‘Very unlikely that we will see any decrease in interest rates this year’
- Šimkus: OPEC oil production cut a ‘one-off factor’; no need to ‘overreact or exaggerate’
- Šimkus: Core inflation to ‘remain pretty high’ throughout 2023
- Šimkus: Core inflation ‘stickier than many people think’
By Xavier D’Arcy – FRANKFURT (Econostream) – Euro area banks are less sensitive to rate hikes than regional banks in the US and Credit Suisse, European Central Bank Governing Council member Philip Lane said on Thursday.
6 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – According to the European Central Bank’s latest Consumer Expectations Survey results, released on Tuesday, euro area citizens’ perceptions of inflation continued to decline in February.
4 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The impact of the European Central Bank’s rate hikes on the real economy is well underway, but policymakers should be wary of longer lags in transmission, Governing Council member Gabriel Makhlouf said on Tuesday.
4 April 2023
- Diemer: Don't have to make changes to auction calendar just because energy prices lower
- Diemer: Inversion of German yield curve has no impact on our issuance activities
- Diemer: Want to be a predictable issuer and want to be an issuer that focuses on auctions
- Diemer: Will do whatever is needed and in our hands to support functioning of Bund market
- Diemer: Need to create additional incentives to attract new investors to green segment
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Sunday said that the ECB was nearly at the end of the hiking cycle.
2 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank has been paying insufficient attention to increased profits, which could be a driver of persistent inflation, Executive Board member Fabio Panetta said on Sunday.
2 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice-President Luis de Guindos said on Saturday that recent financial may lead to a drop in consumer confidence and lower demand.
1 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Core inflation is still significantly too high in the euro area, which means that the European Central Bank still has ground to cover, its President Christine Lagarde said on Friday.
31 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank has completed most of its rate hikes, though may possibly still have a little way to go, ECB Governing Council member François Villeroy de Galhau said on Friday.
31 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Thursday confirmed that interest rates would rise further if the ECB’s baseline materialised, but that specifics would hinge on developments up to the day of the decision.
30 March 2023
By Xavier D’Arcy – WASHINGTON, D.C. (Econostream) – Inflation in the euro area is now being driven principally by domestic demand rather than supply-side factors, European Central Bank Executive Board member Isabel Schnabel said on Wednesday.
29 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane said on Wednesday that if financial stress remained limited, more rate hikes would be necessary to bring down inflation in the Eurozone.
29 March 2023
By David Barwick – FRANKFURT (Econostream) – As if he heard opportunity knocking, European Central Bank Governing Council member Mário Centeno has been doubling down on his expressions of desire to see his peers start applying patience to the setting of monetary policy.
28 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank should only keep its balance sheet as large as necessary to ensure sufficient liquidity and effectively steer short-term interest rates, Executive Board member Isabel Schnabel said on Monday.
27 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday said that the financial market tensions would inevitably have an effect on the ECB’s monetary policy.
27 March 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that it was necessary to reduce the ECB’s bond holdings more quickly.
27 March 2023
By David Barwick – FRANKFURT (Econostream) – The recent financial tensions could cause a tightening of financial conditions that dampens growth and inflation, European Central Bank Governing Council member Pablo Hernández de Cos said Monday.
27 March 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday urged that the ECB’s monetary tightening not go beyond what was required by inflation.
27 March 2023