By David Barwick – FRANKFURT (Econostream) – European Central Bank (ECB) Governing Council member Gabriel Makhlouf on Thursday said he was not ruling out further interest-rate reductions but also did not exclude the possibility that rates could rise, while arguing that inflation was on track to return to the ECB’s 2% target.
12 February 2026
By David Barwick – VIENNA (Econostream) – European Central Bank (ECB) Executive Board member Isabel Schnabel on Wednesday argued that portrayals of Europe as a continent in decline are “misleading,” and urged policymakers to unlock the Single Market’s potential to give European firms the scale they need to compete globally.
11 February 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that he would not try to forecast what the ECB's next rate move would be, adding that he saw value in the monetary policy stance of recent months.
11 February 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Wednesday argued that the widely cited narrative of a declining Europe is “misleading.”
11 February 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf said on Wednesday that the ECB was not on hold with respect to interest rates, citing elevated uncertainty.
11 February 2026
By David Barwick – FRANKFURT (Econostream) – François Villeroy de Galhau’s decision to step down as governor of the Banque de France in early June, announced Monday, is being treated as a personal choice to make a laudable move into social service. For European Central Bank communication, the upside may outweigh the costs.
10 February 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Tuesday that downside risks to inflation were “a little stronger” than those on the upside, and that the ECB was in a “good position.”
10 February 2026
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 6 February 2026 with Luis de Guindos, vice president of the European Central Bank:
10 February 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday told the European Parliament that policymakers will stick with a data-dependent, meeting-by-meeting approach as global uncertainty remains high.
9 February 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that there was no need to adjust the ECB’s monetary policy stance even if inflation fell below the 2% target in the coming months.
9 February 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday announced that he will step down as governor of the Banque de France in early June to take up the presidency of the Fondation Apprentis d’Auteuil.
9 February 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Gediminas Šimkus said on Monday that the chances that the next move would be a hike or a cut were the same.
9 February 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Martin Kocher on Monday said it would take a material shift in the environment for the ECB to reconsider its current stance, arguing that “at the moment, the policy stance is compatible and in line with our objective.”
9 February 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said it would take “a major departure from our baseline scenario” for him to consider changing the ECB's current policy setting.
9 February 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Sunday said the ECB does not target the euro’s exchange rate, while treating it as an input into the staff inflation outlook that guides policy.
8 February 2026
By Marta Vilar – MADRID (Econostream) – Econostream’s ECB Tone Meter showed the Governing Council turning marginally dovish this week, while the Executive Board was little changed and remained mildly hawkish.
6 February 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Friday that the ECB needed to remain “agile” and prepared to adjust its policy should developments alter the inflation outlook in either direction.
6 February 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Friday said that policymakers should avoid pre-committing to an interest rate path and instead preserve flexibility amid geopolitical uncertainty, arguing the current stance calls for “patience rather than action.”
6 February 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday said the ECB is watching the exchange rate but does not see the euro’s appreciation as a development that should alter the policy course, arguing the move has already been incorporated into the central bank’s projections.
6 February 2026