By Xavier D’Arcy – BERLIN (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that there was still momentum in core and food inflation in the Eurozone.
8 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) - The European Central Bank needs to continue raising rates until underlying inflation pressures in the Eurozone have abated, Governing Council member Klaas Knot said on Sunday.
7 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank should proceed in its fight against inflation with caution, ECB Governing Council member Ignazio Visco said on Friday.
5 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is likely to undertake further rate hikes at its upcoming meetings, ECB Governing Council member François Villeroy de Galhau said on Friday.
5 May 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank delivered more or less as expected on Thursday, opting to slow the pace of its tightening whilst making clear that, given the lack of a clear impact of higher borrowing costs on the real economy, this was not to be understood as the end of the hiking cycle.
4 May 2023
By David Barwick – FRANKFURT (Econostream) – Directly following the European Central Bank Governing Council’s last monetary policy meeting, we inclined to the opinion that another 50bp hike in May was somewhat likelier than the only other reasonable alternative of 25bp.
2 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s latest quarterly Bank Lending Survey, released on Tuesday, showed another strong decline in demand for credit and a significant tightening of financing conditions.
2 May 2023
By David Barwick – FRANKFURT (Econostream) – The global banking system confronts many challenges that argue against relaxing the regulatory framework, European Central Bank Governing Council member Pablo Hernández de Cos said Friday.
28 April 2023
- Pre-meeting summary below of all ECB Governing Council members' policy views
27 April 2023
- ECB insider: Won’t be surprised if we hike by 25bp, but wouldn’t exclude another outcome
- ECB insider: Risk of doing too little currently still greater than the risk of doing too much
- ECB insider: Would require a ‘quite negative’ April inflation surprise for me to support 50bp
By David Barwick – FRANKFURT (Econostream) – Available data make it appropriate that the European Central Bank Governing Council hike rates at its policy meeting next week, Executive Board member Philip Lane said Tuesday.
25 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco said on Tuesday that excess demand was not a key driver of inflation in the euro area, despite the unexpected strength of the economy.
25 April 2023
By Xavier D’Arcy and David Barwick – FRANKFURT (Econostream) – The European Central Bank’s May policy decision will depend on data now showing inflation to be higher and the economy stronger than expected, but also likely to confirm a further slowdown of lending, according to ECB Executive Board member Isabel Schnabel on Monday.
24 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – A reversal in the dynamics of inflation in Germany is not yet in sight, despite falling headline numbers and easing producer prices, the Bundesbank said on Monday.
24 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Geopolitical developments could reverse the fall of the natural rate of interest, permanently driving up key interest rates across the globe, European Central Bank Executive Board member Fabio Panetta said on Monday.
24 April 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Saturday reiterated that the ECB was close to but had not yet reached the end of the hiking cycle.
24 April 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Monday said that second-round inflation effects were visible and that a pause in ECB tightening would require that wages, core inflation and headline inflation subside.
24 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – There may be a need for further European Central Bank rate hikes, but these should be limited in number and in size, Governing Council member François Villeroy de Galhau said on Monday.
24 April 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that the ECB had already significantly tightened its monetary policy but could not yet contemplate pausing in the hiking cycle.
24 April 2023
By David Barwick – FRANKFURT (Econostream) – The risk of an over-tightening of European Central Bank monetary policy is at least as great as the risk of under-tightening, ECB Governing Council member Ignazio Visco said on Thursday.
20 April 2023