By Xavier D’Arcy – FRANKFURT (Econostream) – Eurozone rate-setters should not be complacent about the strength of the economy and the labour market amidst signs of economic slowdown, European Central Bank Governing Council member Mário Centeno said on Sunday.
9 July 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 15 June, but earlier comments can still be seen in versions up to that of 9 June .
7 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The labour market is not reacting as expected to the European Central Bank’s latest hiking cycle, ECB Governing Council member Joachim Nagel said on Friday.
7 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Underlying price pressures are showing some signs of easing as uncertainty surrounding the path of future inflation also fades, European Central Bank Vice-President Luis de Guindos said on Friday.
7 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank would have to act if firms don’t reduce their margins to absorb increased wages, ECB President Christine Lagarde said on Friday.
7 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is not at risk of overtightening, ECB Governing Council member Joachim Nagel said on Thursday.
6 July 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 15 June, but earlier comments can still be seen in versions up to that of 9 June .
5 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank will need to exercise caution in its calibration of monetary policy, ECB Governing Council member Ignazio Visco said on Wednesday.
5 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Eurozone citizens’ inflation expectations continued to decline in May 2023, according to the European Central Bank’s Consumer Expectations Survey results released on Wednesday.
5 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that rate hikes were likely to continue, but that the exact amount of tightening left was uncertain.
5 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Tuesday that it was not worth speculating about the ECB’s monetary policy moves beyond July.
4 July 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that inflation could be down to around 4% by the end of the year.
4 July 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 15 June, but earlier comments can still be seen in versions up to that of 9 June .
3 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank still has distance to cover, even if it raises interest rates again in July, ECB Governing Council member Joachim Nagel said on Monday.
3 July 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 15 June, but earlier comments can still be seen in versions up to that of 9 June .
29 June 2023
By Xavier D’Arcy – SINTRA, Portugal (Econostream) – The European Central Bank is not considering a pause in its hiking cycle at the moment, ECB President Christine Lagarde said on Wednesday, noting that there was not enough evidence of a turnround in core inflation to warrant a stop to rate hikes.
28 June 2023
- ECB insiders express unwillingness to court financial instability needlessly
- ECB insiders suggest that passive run-off of balance sheet could prove sufficient for now
- ECB insiders indicate readiness to leave PEPP forward guidance in its current form
- ECB insiders focused on interest rates rather than other instruments in toolkit
By Xavier D’Arcy – SINTRA, Portugal (Econostream) - Following is the full transcript of the interview conducted by Econostream on 27 June with Mário Centeno, Governor of Banco de Portugal and member of the Governing Council of the European Central Bank:
28 June 2023
- Centeno: ‘We better be careful about producing substantial statements about the future’
- Centeno: Announcing decisions ahead of time ‘goes against the strategy’
- Centeno: Governing Council ‘will speak in July’ about what to do
- Centeno: 2024 rate cut ‘compatible with a reduction of inflation to 2% in the medium term’
- Centeno: ECB staff projections ‘may be optimistic in terms of GDP’ and ‘pessimistic on inflation’
- Centeno: ‘How can I be stressed about a projection that says that in 2025 […] inflation is 2.2%?’
- Centeno: Baseline ECB scenario is ‘end to the inflationary process without […] major disruptions’
- Centeno: Pass-through from rate hikes ‘may come abruptly’
- Centeno: Eurozone labour market ‘much more fluid’
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane said on Wednesday that a rate hike in July was reasonable, but that it would be important to look at data before deciding what to do in September.
28 June 2023