Central Bank News

ECB Hawk-Dove Ranking: Croatia’s Vujčić Joins Governing Council

ECB’s Kazāks: Rate Cuts in 2023 ‘Not Likely’, Given Macroeconomic Outlook

By David Barwick – FRANKFURT (Econostream) – The European Central Bank is unlikely to reverse the current policy tightening cycle before the end of the year, according to ECB Governing Council member Mārtiņš Kazāks on Friday.

ECB: Consumer Expectations of Inflation in One Year and Three Years Down

By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s consumer expectations survey, released Thursday for the fifth time, showed the trend of previous months being bucked as expectations in November of inflation in one year as well as three years ahead declined.

Exclusive: ECB Insider: Stronger-than-Expected Eurozone Economy Favours Council Hawks

- ECB insider: Easier to hike interest rates when labour markets are holding up well

ECB’s Stournaras: Rates to Rise Until Signs of Lower Inflation Become Certainty of Return to 2%

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Thursday said that official borrowing costs would increase until incipient indications of weaker inflation were confirmed and a return to price stability was ensured.

Exclusive: Slovenia DMO Head: Pre-Funded About a Third of 2023 Funding Needs

- Slovenia DMO head: 2023 syndications better done sooner rather than later
- Slovenia DMO head: ‘Contemplating a return to the US dollar market’ this year
- Slovenia DMO head: Increase in Slovenian budget deficit shouldn’t make life difficult
- Slovenia DMO head: Unlikely to revisit ultra-long end of yield curve for now
- Slovenia DMO head: Braced for ECB active bond sales

ECB’s Villeroy: Interest Rates Now at Neutral, But Probably Need More Hikes at Pragmatic Pace

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said in effect that ECB monetary policy had arrived at neutrality but that additional rate hikes would probably be needed.

ECB’s Holzmann: Interest Rate Probably Now Around Neutral, But Must Hike Significantly Further

By David Barwick – VIENNA (Econostream) – European Central Bank monetary policy was likely around neutral levels, but would have to tighten significantly further into restrictive territory, according to Governing Council member Robert Holzmann on Wednesday.

ECB’s de Cos: Expect to Continue to Hike Rates Significantly at a Sustained Pace

By David Barwick – FRANKFURT (Econostream) – The European Central Bank expects to implement further significant monetary policy tightening by hiking at a sustained pace, Governing Council member Pablo Hernández de Cos said Wednesday.

ECB’s Schnabel: ‘Interest Rates Will Still Have to Rise Significantly’

By David Barwick – FRANKFURT (Econostream) – The European Central Bank must still hike official borrowing costs significantly and into restrictive territory, according to ECB Executive Board member Isabel Schnabel on Tuesday.

ECB’s Villeroy: Would Be Good to Reach Terminal Rate by Summer

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said the terminal rate would ideally be reached by summer and the ECB would remain there as long as necessary.

ECB’s Kazāks: Expect ‘Quite Large’ Rate Steps at February and March Governing Council Meetings

By David Barwick – FRANKFURT (Econostream) – The European Central Bank is likely to hike rates by a large amount in both February and March, according to ECB Governing Council member Mārtiņš Kazāks on Tuesday.

ECB’s Nagel: ‘We Need to Take Further Action’

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday said that monetary authorities’ job was not yet finished and that further rate hikes were required.

ECB’s Lagarde: Must Be Wary That Faster-than-Expected Wage Growth Doesn’t Fuel Inflation

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Saturday said that wage growth was likely exceeding expectations and that care had to be taken not to let this become a further source of inflation.

ECB’s Stournaras: Interest Rates Still Need to Rise Significantly

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday somewhat unenthusiastically recapped recent ECB monetary policy.

ECB’s Centeno: Monetary Policy Entering Tighter Phase, Leading Inflation to Decline

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Sunday said that tighter monetary policy would lead to clearly lower Portuguese inflation soon.

ECB’s de Guindos: ‘There Will Be Further, Necessary Rate Hikes’

By David Barwick – FRANKFURT (Econostream) – The European Central Bank has to continue hiking interest rates in order to ensure a return to price stability, ECB Vice President Luis de Guindos said Tuesday.

ECB’s Stournaras: Economic Cost of Higher Interest Rates Poses a ‘Policy Dilemma’

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Sunday suggested that monetary authorities faced a dilemma in balancing the need to combat inflation with the impact of higher borrowing costs on the economy.

ECB’s Schnabel: Terminal Interest Rate Lies in Restrictive Territory

By David Barwick – FRANKFURT (Econostream) – The European Central Bank will have to take official borrowing costs into restrictive territory in order to get inflation back to a level consistent with price stability, according to ECB Executive Board member Isabel Schnabel on Saturday.

ECB’s de Guindos: ‘Increases of 50bp May Become the New Norm in the Near Term’

By David Barwick – FRANKFURT (Econostream) – European Central Bank rate hikes of 50bp may be the standard move over the short term, ECB Vice President Luis de Guindos said Thursday.