By Xavier D’Arcy – FRANKFURT (Econostream) – The composition of the European Central Bank’s Governing Council is set for a change by the end of 2023, with one influential policymaker’s term expiring and question marks over the future of three more members.
1 June 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco called for a gradual approach to monetary tightening on Wednesday, saying that interest rates were already in restrictive territory.
31 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Recent rate hikes could reveal pockets of financial instability in the Eurozone, the European Central Bank said on Wednesday.
31 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Wednesday that the latest data showed that inflation was moving in the right direction.
31 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank can stop raising its key interest rates in a couple of months if data continue to point to strong disinflationary tendencies, Governing Council member Mário Centeno said on Wednesday.
31 May 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.
30 May 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is likely to hike rates by 25bp in June and July, after which the outlook is less certain, according to ECB Governing Council member Gediminas Šimkus.
30 May 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s monetary policy is not yet done, even if it is now closer to ending, ECB Governing Council member Pablo Hernández de Cos said Monday.
29 May 2023
By David Barwick – DUBROVNIK, Croatia (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Saturday suggested that whilst the ECB was not yet done tightening monetary policy, it was probably near the end of the hiking cycle.
27 May 2023
By David Barwick – DUBROVNIK, Croatia (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Saturday warned that continued expansive fiscal policy would require a larger reaction from monetary policy.
27 May 2023
By David Barwick – DUBROVNIK, Croatia (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that the food and services sectors would start putting less upward pressure on euro area inflation later in 2023.
26 May 2023
By David Barwick – FRANKFURT (Econostream) – The following is an overview of key recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 4 May.
26 May 2023
By David Barwick – FRANKFURT (Econostream) – Core inflation is still high and wage developments have strengthened, whilst some measures of inflation expectations have increased, European Central Bank Governing Council member Pablo Hernández de Cos said Thursday.
26 May 2023
By David Barwick – DUBROVNIK, Croatia (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that the ECB was acting to ensure the restoration of price stability in a timely manner, and downplayed the inflationary threat from wage developments.
26 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank needs at least two more 25bp hikes at its next two meetings, and perhaps more thereafter, Governing Council member Klaas Knot said on Friday.
26 May 2023
By David Barwick – DUBROVNIK, Croatia (Econostream) – The euro area may not see price stability restored within the next two years, European Central Bank Governing Council member Boris Vujčić said Friday.
26 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf said on Friday that two further ECB rate hikes in June and July were likely.
26 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that the EU’s economic governance framework should not be weakened, and criticised the Commission’s proposal for reform of the EU’s fiscal rules.
25 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is approaching the terminal rate necessary to bring inflation back to target, though further rate hikes will be necessary, ECB Governing Council member Boštjan Vasle said on Thursday.
25 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Thursday that service prices were the most worrisome element of the inflation outlook and that policymakers were paying very close attention to wages and profits as supply pressures faded.
25 May 2023