They Said it - Recent Monetary Policy Comments Made by ECB Governing Council Members
They Said it - Recent Monetary Policy Comments Made by ECB Governing Council Members
26 January 2022
Central Bank
Central Bank of Ireland: See Weaker-Than-Expected 1Q But Overall Continued Strong Recovery
By David Barwick – FRANKFURT (Econostream) – A short-term weakening of the Irish economy will not prevent generally strong growth over the medium term, according to the Central Bank of Ireland on Wednesday.
26 January 2022
ECB’s Lane: Least Likely Scenario Is Where Inflation Persists Well Above 2%
By David Barwick – FRANKFURT (Econostream) – That euro area inflation would stubbornly remain at levels well above 2% is the least likely scenario of the three most likely hypothetical scenarios, European Central Bank Executive Board member Philip Lane said Tuesday.
25 January 2022
ECB’s Holzmann: Don’t Expect ECB Rate Moves as Large as the Fed’s; Very Worried About China
By David Barwick – FRANKFURT (Econostream) – When the European Central Bank starts hiking interest rates, it probably won’t do so as boldly as the US Federal Reserve, ECB Governing Council member Robert Holzmann said Monday.
25 January 2022
ECB’s Holzmann: Danger of Wage-Price Spiral
By David Barwick – FRANKFURT (Econostream) – There is a danger of a wage-price spiral in Europe, European Central Bank Governing Council member Robert Holzmann said Saturday.
24 January 2022
ECB’s Rehn: Barring More Shocks, Logical for ECB to Start Hiking Next Year
By David Barwick – FRANKFURT (Econostream) – Absent any further shocks to the economy, the European Central Bank could be expected to start hiking interest rates next year, ECB Governing Council member Olli Rehn said on Saturday.
24 January 2022
German Bundesbank Says German Economy Probably Contracted ‘Somewhat’ in 4Q
By David Barwick – FRANKFURT (Econostream) – The German economy probably contracted in the last quarter, though the drop would not have been precipitous, the German Bundesbank indicated on Monday in its latest monthly report.
24 January 2022
ECB’s Makhlouf: Risks to the Inflation Forecast Are Judged to Be on the Upside
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that inflation risks were on the upside.
24 January 2022
ECB’s Makhlouf: Don’t Expect Rate Hike in 2022, But Must Keep Close Eye on That
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Saturday said that while he did not anticipate a hike in official borrowing costs this year, that would have to be watched closely.
24 January 2022
ECB’s Villeroy: Will Do What Is Necessary to Get Inflation Back to 2% over Time
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday said that the ECB would do what was necessary to achieve price stability.
24 January 2022
ECB’s Stournaras: No Reason to Tighten Monetary Policy Apart from Removing Pandemic Measures
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday said that there was no reason for the ECB to do more than cautiously withdraw measures linked specifically to the pandemic.
24 January 2022
ECB’s Villeroy: Without Doubt Coming Back to New Inflation Regime Closer to Our Target
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Saturday said that the ECB intended to gradually modify its policy stance to make sure that inflation slows to a steady level in line with price stability.
23 January 2022
ECB’s Lagarde: No Question in My Mind We’ll Act Once Our Forward Guidance Conditions Are Met
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will take action once the conditions of its forward guidance are met, ECB President Christine Lagarde said Friday.
21 January 2022
They Said it - Recent Monetary Policy Comments Made by ECB Governing Council Members
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. The frequency of updates will correspond approximately to the frequency with which relevant comments are made.
20 January 2022
ECB’s Rehn: To Gradually Reduce Purchases, But Ready to Use Full Toolkit as Situation Requires
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will gradually reduce its asset purchases but at the same time is ready to react in any direction to changes in the macroeconomic environment, ECB Governing Council member Olli Rehn said on Thursday.
20 January 2022
ECB Insight: Meeting Account Confirms Lagarde Played Down Upside Inflation Concerns
By David Barwick – FRANKFURT (Econostream) – The account of the European Central Bank’s policy meeting of 15-16 December, released by the ECB on Thursday, suggested that reasonably widely held views of the inflation outlook expressed at the gathering got relatively little airtime at the subsequent press conference by President Christine Lagarde - or since.
20 January 2022
ECB’s de Cos: Unlikely to See Rate Hike in 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is unlikely to hike interest rates this year, ECB Governing Council member Pablo Hernández de Cos said Thursday.
20 January 2022
ECB’s Lagarde: Eurozone Economy Not at Point Where Interest Rates Should Rise.
By David Barwick – FRANKFURT (Econostream) – The Eurozone economy is, in contrast to that of the US, not yet at the point where interest rates should rise, European Central Bank President Christine Lagarde said Thursday.
20 January 2022
ECB Hawk-Dove Ranking: Council Gains Another Hawk as Villeroy Comments Lead to New Spot on Scale
By David Barwick – FRANKFURT (Econostream) – Econostream’s ranking of Governing Council members in terms of hawkishness/dovishness has been updated today in two respects: a major re-ranking of Banque de France Governor François Villeroy de Galhau and a minor adjustment to the placement of Banque centrale du Luxembourg Governor Gaston Reinesch.
19 January 2022
ECB’s Villeroy: Very Vigilant; Will Gradually Adjust Monetary Policy to Ensure Inflation’s Decline
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the ECB intended to gradually modify its policy stance to make sure that inflation slows to a steady level in line with price stability.
19 January 2022