By Xavier D’Arcy – DUBLIN (Econostream) – The recent tightening in monetary policy is impacting Irish financial stability, most notably in the commercial real estate sector, the Central Bank of Ireland said on Wednesday.
7 June 2023
By Xavier D’Arcy – DUBLIN (Econostream) – The European Central Bank is likely to hike rates at its June meeting, whilst a July hike is also probable but not yet certain, ECB Governing Council member Gabriel Makhlouf said on Wednesday.
7 June 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Wednesday said that the banking system volatility earlier this year in Europe would have been much less if the EU had made more progress towards banking union and capital markets union.
7 June 2023
By David Barwick – FRANKFURT (Econostream) – Whether the European Central Bank will hike interest rates by 25bp in June and July hinges on information yet to become available, according to ECB Executive Board member Isabel Schnabel on Wednesday.
7 June 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel, who had been keeping her policy views relatively under wraps, was bound to air these before the 15 June Governing Council meeting, and did so on Wednesday, just before the start of the quiet period, with comments we see as fitting the general trend toward a more dovish outlook.
7 June 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday again sounded markedly less hawkish than in the recent past, reassuring that the worst of inflation had passed, rejoicing at monetary tightening’s initial impact on the real economy, and arguing that financial stability risks warranted proceeding with further rate hikes cautiously.
6 June 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday said that the ECB would need to keep raising rates as long as necessary.
6 June 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Eurozone citizens’ perceptions of inflation fell substantially in April, the European Central Bank said on Tuesday.
6 June 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 4 May.
5 June 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde said on Monday that inflation pressures were still elevated in the Eurozone, despite a recent fall of core inflation.
5 June 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that he considered it far from certain that interest rates would reach their peak this summer.
5 June 2023
By David Barwick – FRANKFURT (Econostream) – Disinflation in the euro area is so far proceeding as expected, but core inflation leaves room for doubts about the speed with which this will occur, European Central Bank Governing Council member Boris Vujčić said Monday.
5 June 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco said on Saturday that he agreed with the current monetary policy stance but would have preferred a more gradual series of rate hikes.
3 June 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Friday weighed in, as he is wont to at carefully chosen intervals, on the state of ECB monetary policy.
2 June 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Friday said that the ECB was not far from hitting the terminal rate, even if this could not yet be predicted.
2 June 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is likely to hike its key interest rates both in June and July, but the picture beyond the summer is a lot less clear, Governing Council member Gabriel Makhlouf said on Friday.
2 June 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 4 May.
1 June 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that financial markets would probably need to modify their rate cut expectations for 2024.
1 June 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank has completed most of its tightening journey, but still has to complete the last stretch, Vice President Luis de Guindos said on Thursday.
1 June 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is not yet finished hiking interest rates, ECB Governing Council member Olli Rehn said on Thursday.
1 June 2023