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.
3 January 2023
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.
2 January 2023
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.
31 December 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday somewhat unenthusiastically recapped recent ECB monetary policy.
30 December 2022
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.
29 December 2022
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.
27 December 2022
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.
25 December 2022
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.
24 December 2022
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.
22 December 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Thursday said that he agreed with every ECB rate hike to date in the current hiking cycle and that where the hikes were headed would become clearer once inflation started to subside.
22 December 2022
- ECB insider: No insistence on QT sequence with respect to TLTRO repayments or rate hikes
- ECB insider: Average €15 billion a month of QT ‘a very good start’
- ECB insider: ‘Most likely’ that all maturing bonds will be treated equally
- ECB insider: In terms of QT, ‘we have not done anything that markets were not expecting’
By David Barwick – FRANKFURT (Econostream) – European banks should be able to deal with the negative impact of rising interest rates, but must nonetheless take steps to be ready for possible side effects in the longer run, European Central Bank Vice President Luis de Guindos said Tuesday.
20 December 2022
By David Barwick – FRANKFURT (Econostream) – German core inflation will probably stay high for the time being, the German Bundesbank said on Monday in its latest monthly report.
19 December 2022
By David Barwick – BRUSSELS (Econostream) – The National Bank of Belgium on Monday said that the euro area economy would be in a mild recession at the end of this year and early next year, but that Belgian growth would hold up relatively well and only briefly turn slightly negative, thus avoiding a technical recession.
19 December 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will have to continue to show resolve for at least the next six months, Governing Council member Peter Kažimír said Monday.
19 December 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that the ECB would continue to hike interest rates and that this would involve some difficult months.
19 December 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that the ECB had to continue striving to restore price stability.
16 December 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the ECB would hike interest rates until they were sufficiently restrictive to restore price stability.
16 December 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will tighten its monetary policy well into restrictive territory, according to Governing Council member Robert Holzmann on Friday.
16 December 2022
- ECB insider: Very clear that we’re going to hike by 50bp in February
- ECB insider: Wouldn’t be surprised if someone questions need for 50bp in March
- ECB insider: Policy will be restrictive as of February rate hike
- ECB insider: Terminal rate has now risen
- ECB insider: December Governing Council decision could have gone either way, 50bp or 75bp
- ECB insider: QT’s impact on monetary policy tightening is ‘minimal’
- ECB insider: QT complements rate hikes, not a substitute for them
- ECB insider: ECB staff probably assumes no need for more big revisions in next projection exercise
- ECB insider: See upside risks to 2025 inflation, especially to core