ECB’s Holzmann: Second Quarter of 2024 ‘a Bit Soon’ to Expect a First Rate Cut
- Holzmann: Don’t want markets to think there won’t be another rate hike
- Holzmann: Hope rate hikes over, but ‘also ready to step on the brakes again’
Central Bank
ECB’s Lagarde: Need New Approach to Capital Markets Union
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday said that for the Capital Markets Union (CMU) to help Europe face its challenges, a completely different approach was necessary.
17 November 2023
ECB’s Holzmann: ‘Please Don’t Think That This Is the Last Rate Hike and There Won’t Be Any More’
By David Barwick – VIENNA (Econostream) – No one should think that monetary policy tightening by the European Central Bank has already reached an end, Governing Council member Robert Holzmann said Thursday.
17 November 2023
ECB’s de Guindos Calls for Macroprudential Approach to Non-Banks
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Thursday said that financial stability could benefit from a macroprudential approach to the non-bank sector.
16 November 2023
ECB’s Knot: Additional Reforms Needed for Greater Financial System Resilience
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that making progress in implementing financial reforms and responding to new vulnerabilities could improve the resilience of the financial system.
16 November 2023
ECB’s Lagarde: Cannot Be Complacent About Financial Stability Risks
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that it would be inappropriate to be triumphant about having avoided risks to financial stability just because some of these hadn’t yet fully materialised.
16 November 2023
ECB’s Centeno: Inflation to Continue to Decline, but Decline to Be Slower From Here on
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that inflation would reach the ECB’s 2% target in 2025 but that its further decline would proceed more slowly.
15 November 2023
ECB’s Elderson: Consistent Regulation Necessary to Support Green Transition
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Tuesday called for regulatory and legislative adjustments related to the climate transition to treat private financial institutions the same way as other sectors of the economy.
14 November 2023
ECB’s Nagel and Villeroy: Aligning Actions With Inflation Target Crucial
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council members Joaquim Nagel and François Villeroy de Galhau on Tuesday said it was essential to align actions with the inflation target.
14 November 2023
ECB’s Villeroy: Monetary Policy Effects Starting to Become Clear
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that the results of monetary policy were starting to be visible.
14 November 2023
ECB's Villeroy: Confident We'll Return to Price Stability by 2025
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said the ECB felt certain about the restoration of price stability by 2025.
14 November 2023
TRANSCRIPT: Interview with ECB Governing Council member Kazāks on 08 November 2023
By David Barwick – RIGA (Econostream) – Following is the full transcript of the interview conducted by Econostream on 8 November with Mārtiņš Kazāks, Governor of Latvijas Banka and member of the Governing Council of the European Central Bank:
13 November 2023
Exclusive: ECB’s Kazāks: No Clear Peak of Wage Growth Seen Yet; Risk of Spillover Into Inflation
By David Barwick – RIGA (Econostream) – It is not yet clear that euro area wage growth has peaked, and there remains a danger that large increases in worker pay could further fuel inflation, European Central Bank Governing Council member Mārtiņš Kazāks said Wednesday.
13 November 2023
ECB’s de Guindos: Further Policy Tightening Impact Still in the Pipeline
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Monday said that the ECB’s monetary policy tightening had yet to be fully felt.
13 November 2023
ECB’s Makhlouf: Response to Future Challenges Cannot Be Accommodative
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Saturday said that challenges emerging from geopolitical tensions, financial system disruption and developments in technology called for a different reaction than before.
11 November 2023
ECB’s Lagarde: ‘Long Enough’ Excludes Interest Rate Cuts During Next Two Quarters
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday ruled out interest rate cuts during the next two quarters.
10 November 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 26 October, but earlier comments can still be seen in versions up to that of 25 October .
10 November 2023
ECB’s Nagel: Inflation Headed in Right Direction, Must Leave Interest Rates High for Long
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that ensuring a return to price stability meant maintaining appropriately tight monetary policy for sufficiently long.
10 November 2023
ECB’s Knot: Inaction on Fiscal Policy Rules Could Hamper Price Stability
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that inaction with regard to fiscal policy rules could unbalance the policy mix and make it more difficult to guarantee price stability.
9 November 2023
ECB’s de Guindos: Any Discussion of Rate Cuts ‘Clearly Premature’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Thursday said that the moment had not yet arrived to start discussing a reduction of ECB interest rates.
9 November 2023