ECB Still Has Some Way To Go on Rate Hikes, Scicluna Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank still has some way to go on rate hikes, ECB Governing Council member Edward Scicluna said on Thursday.
13 April 2023
Central Bank
‘50BP Could Be in the Ballpark Next Time’ for the ECB, Holzmann Says
By Xavier D’Arcy – FRANKFURT (Econostream) – A 50bp hike remains an option for the European Central Bank in May, depending on market conditions, Governing Council member Robert Holzmann said on Thursday.
13 April 2023
ECB’s Villeroy: ‘May Possibly Still Have a Little Way to Go on Rate Hikes at Our Next Meetings’
By David Barwick – WASHINGTON (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the ECB could have to tighten monetary policy a bit further yet.
12 April 2023
ECB’s Villeroy Warns of Persistent and Entrenched Eurozone Inflation Risk
By Xavier D’Arcy – FRANKFURT (Econostream) – The Eurozone faces the risk of entrenched inflation, with price pressures becoming more widespread and potentially more persistent, European Central Bank Governing Council member François Villeroy de Galhau said on Tuesday.
11 April 2023
Baseline Implies More Hikes, but Uncertainty Calls for Caution, ECB’s de Cos Says
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos said on Monday that if the central bank’s baseline projections are confirmed, there will still be ground to cover to stamp out inflation.
10 April 2023
Interest Rates Need to Rise Further, But Still Unknown by How Much, ECB’s Vujčić Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank should keep hiking rates and the fight against inflation is not yet over, Governing Council member Boris Vujčić said on Monday.
10 April 2023
ECB Not Yet Done Hiking, and Won’t Cut This Year, Knot Says
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot said on Sunday that it was almost completely excluded that Eurozone policymakers could decide to cut rates this year.
9 April 2023
Exclusive: Transcript of Interview with ECB Governing Council member Šimkus on 05 April 2023
By David Barwick – VILNIUS (Econostream) – Following is the full transcript of the interview conducted by Econostream on 05 April 2023 with Gediminas Šimkus, Governor of the Bank of Lithuania and member of the Governing Council of the European Central Bank.
6 April 2023
Exclusive: ECB’s Šimkus: Ending APP Reinvestments from July ‘One of the Options’
- Šimkus: Active asset sales ‘could be an option some day in the future’, but not for July
- Šimkus: ‘Let’s deal with the APP and then come back to the PEPP’
- Šimkus: ‘I don’t see a pause in hiking rates in May as a likely scenario’
- Šimkus: Size of rate moves ‘will depend on the data, but we still have some way to go’
- Šimkus: ‘We still need to let the impact of past policy moves kick in’
- Šimkus: ‘Need to maintain the restrictive stance for quite some time’
- Šimkus: ‘Very unlikely that we will see any decrease in interest rates this year’
- Šimkus: OPEC oil production cut a ‘one-off factor’; no need to ‘overreact or exaggerate’
- Šimkus: Core inflation to ‘remain pretty high’ throughout 2023
- Šimkus: Core inflation ‘stickier than many people think’
Euro Area Banks Not as Vulnerable as US Peers to Rate Moves, Lane Says
By Xavier D’Arcy – FRANKFURT (Econostream) – Euro area banks are less sensitive to rate hikes than regional banks in the US and Credit Suisse, European Central Bank Governing Council member Philip Lane said on Thursday.
6 April 2023
ECB Says Consumer Inflation Expectations Continue To Fall
By Xavier D’Arcy – FRANKFURT (Econostream) – According to the European Central Bank’s latest Consumer Expectations Survey results, released on Tuesday, euro area citizens’ perceptions of inflation continued to decline in February.
4 April 2023
Impact of ECB Rate Hikes Well Underway, but Beware of Longer Lags, Makhlouf Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The impact of the European Central Bank’s rate hikes on the real economy is well underway, but policymakers should be wary of longer lags in transmission, Governing Council member Gabriel Makhlouf said on Tuesday.
4 April 2023
Exclusive: Transcript of Econostream’s Interview with German Finance Agency’s Tammo Diemer
- Diemer: Don't have to make changes to auction calendar just because energy prices lower
- Diemer: Inversion of German yield curve has no impact on our issuance activities
- Diemer: Want to be a predictable issuer and want to be an issuer that focuses on auctions
- Diemer: Will do whatever is needed and in our hands to support functioning of Bund market
- Diemer: Need to create additional incentives to attract new investors to green segment
ECB’s Stournaras: ‘Definitely Close to the End’ of Hiking
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Sunday said that the ECB was nearly at the end of the hiking cycle.
2 April 2023
Inflation Could Become More Persistent Due to High Profits, ECB’s Panetta Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank has been paying insufficient attention to increased profits, which could be a driver of persistent inflation, Executive Board member Fabio Panetta said on Sunday.
2 April 2023
Financial Instability Might Dampen Demand and Sentiment, ECB’s de Guindos Says
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice-President Luis de Guindos said on Saturday that recent financial may lead to a drop in consumer confidence and lower demand.
1 April 2023
‘Significantly’ Too High Core Inflation Means ECB Still Has ‘Ground to Cover’: Lagarde
By Xavier D’Arcy – FRANKFURT (Econostream) – Core inflation is still significantly too high in the euro area, which means that the European Central Bank still has ground to cover, its President Christine Lagarde said on Friday.
31 March 2023
ECB’s Villeroy: ‘We May Possibly Still Have a Little Way to Go’ on Rate Hikes
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank has completed most of its rate hikes, though may possibly still have a little way to go, ECB Governing Council member François Villeroy de Galhau said on Friday.
31 March 2023
ECB’s Elderson: If Baseline Persists, We Will Have To Hike Interest Rates More
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Thursday confirmed that interest rates would rise further if the ECB’s baseline materialised, but that specifics would hinge on developments up to the day of the decision.
30 March 2023
Eurozone Inflation Now Principally Demand-Driven, ECB’s Schnabel Says
By Xavier D’Arcy – WASHINGTON, D.C. (Econostream) – Inflation in the euro area is now being driven principally by domestic demand rather than supply-side factors, European Central Bank Executive Board member Isabel Schnabel said on Wednesday.
29 March 2023