By David Barwick – FRANKFURT (Econostream) – The European Central Bank will have to undertake additional rate hikes, but long-term inflation expectations are still well anchored, Governing Council member Pablo Hernández de Cos said Wednesday.
2 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that there remained a long way to the end of the ECB’s current hiking cycle and suggested that quantitative tightening start early next year.
2 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday repeated with no obviously significant deviation the main messages of last Thursday’s post-Council meeting press conference, promising despite risen recessionary risks further rate hikes based on a meeting-by-meeting approach.
1 November 2022
By David Barwick – FRANKFURT (Econostream) – Growth prospects have worsened considerably lately, making it more essential that the European Central Bank do its duty and ensure price stability, Governing Council member Pablo Hernández de Cos said Monday.
31 October 2022
By David Barwick – FRANKFURT (Econostream) – High inflation and debt are some of the factors contributing to the uncertainty and the challenging nature of the current moment, European Central Bank Governing Council member Yannis Stournaras said Monday.
31 October 2022
By David Barwick – FRANKFURT (Econostream) – Just days after the European Central Bank Governing Council decided to hike interest rates by a whopping 75bp for the second time in a row, one of its leading hawks, Klaas Knot, has positioned himself as leaning in the direction of a third such outsize step. He may be getting ahead of himself.
31 October 2022
By David Barwick – ATHENS (Econostream) – Greek banks faces no particular threat of a substantial outflow of deposits and are expected to eventually pass along to their depositors the interest rate hikes of the European Central Bank, a high-level Greek official assured Econostream.
31 October 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank should not underestimate the danger of hiking interest rates too rapidly for economic prospects, if the latter turn out to be gloomier than anticipated, ECB Governing Council member Ignazio Visco said on Monday.
31 October 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is planning a non-monetary policy meeting of the Governing Council in northern Finland in February, Econostream understands.
28 October 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said again that the size of future ECB rate hikes would depend on inflation prospects, adding however that the economic outlook would also play a role.
28 October 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has to take key interest rates at least temporarily into restrictive territory, Governing Council member Peter Kažimír said Friday.
28 October 2022
By David Barwick – FRANKFURT (Econostream) – Just as it surprised on the hawkish side in July, the European Central Bank’s normalisation of policy may eventually include a surprise on the dovish side. While we rate the chances of this in October a tad higher than most observers seem to, we don’t think it will occur now.
25 October 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday said that the current monetary stimulus in the euro area had to be withdrawn quickly, and that policy might then have to become restrictive.
17 October 2022
- ECB insider: Need to Adjust Other Instruments; TLTROs Take Precedence over QT
17 October 2022
By David Barwick – WASHINGTON (Econostream) – The European Central Bank will hike rates to whatever level the situation requires and cannot have a fixed terminal rate in mind already as this depends on developments, ECB Chief Economist Philip Lane said Saturday.
16 October 2022
By David Barwick – FRANKFURT (Econostream) – It is increasingly likely that the European Central Bank will have to increase borrowing costs to the point of being restrictive, and it should start reducing reinvestment of maturing assets once interest rates are at the neutral level, ECB Governing Council member Klaas Knot said Saturday.
15 October 2022
By David Barwick – WASHINGTON (Econostream) – European Central Bank Governing Council member Joachim Nagel on Saturday called for multiple interest rate hikes to safeguard euro area price stability and for ‘timely’ quantitative tightening.
15 October 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s consumer expectations survey, released Friday for the second time, showed an increase in August in the perception of past inflation, but expectations of future inflation held steady at July’s level.
7 October 2022
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 7-8 September, released by the ECB on Thursday, indicated that a rate hike of 75bp was favoured by a high number of Governing Council members and seen as still leaving monetary policy expansionary.
6 October 2022
By David Barwick – FRANKFURT (Econostream) – The normalisation of European monetary policy is essential to prevent inflation expectations from disanchoring and elevated core inflation from persisting, according to the Central Bank of Ireland on Wednesday.
5 October 2022