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
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s most immediate goal is to fight high inflation, but it also faces a number of other challenges, such as the climate crisis, geopolitical tensions and the digital transformation, ECB President Christine Lagarde said on Wednesday.
24 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The Bundesbank issued a critical opinion of the European Commission’s proposals for new EU economic governance rules, contrasting with the European Central Bank’s positive assessment of the plans.
24 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Currently high inflation in Germany is feeding through to wages and prices, with improved economic conditions and the better outlook for energy making it more likely that unions will push for high inflation compensation packages, the Bundesbank said on Wednesday.
24 May 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Wednesday said the ECB would maintain restrictive interest rates however long it took to get back to price stability in timely fashion.
24 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.
23 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank needs to hike rates several more times in its fight against inflation, Governing Council member Joachim Nagel said on Tuesday.
23 May 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday said that Europe was now in part two of the current inflation story and that monetary policy should be forward-looking, maybe.
23 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Tuesday that the conflict between monetary and fiscal policies concerned him far more than financial stability risks stemming from rate hikes.
23 May 2023
By David Barwick – VIENNA (Econostream) – European Central Bank Executive Board member Philip Lane on Monday extolled the solid anchoring of financial market expectations and highlighted the importance of this for monetary policy.
22 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank could hike or pause at either of its next three meetings, but in any case should wrap up its hiking cycle by September at the latest, ECB Governing Council member François Villeroy de Galhau said on Monday.
22 May 2023
By David Barwick – VIENNA (Econostream) – Policymakers should make sure that their tools will actually work as intended, and policies should be designed to mitigate any reluctance to deploy them, European Central Bank Governing Council member Robert Holzmann said Monday.
22 May 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s process of monetary tightening is not quite at an end, ECB Governing Council member Pablo Hernández de Cos said Monday.
22 May 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Sunday reiterated his expectation of a return of Greek sovereign debt to investment grade soon.
21 May 2023