Exclusive: ECB’s Stournaras: Misguided to Hike Rapidly at the Risk of Needing to Backtrack Soon
- Stournaras: ‘Should err on the side of caution rather than on the side of speed’
31 August 2022
Exclusive News
Exclusive: ECB Insider: ‘Very Unlikely’ That We Will Do More Than 25 Basis Points in July
Exclusive: ECB Insider: ‘Very Unlikely’ That We Will Do More Than 25 Basis Points in July
15 July 2022
Exclusive: ECB Policymakers Unwavering in Support for Tighter Monetary Policy
Exclusive: ECB Policymakers Unwavering in Support for Tighter Monetary Policy
5 July 2022
TRANSCRIPT: Interview with Spanish Treasury’s Pablo de Ramón-Laca Clausen on 28 June 2022
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on June 28 with Pablo de Ramón-Laca Clausen, General Director of the Tesoro and Financial Policy, Spain’s sovereign debt issuer:
1 July 2022
EXCLUSIVE: Spain DMO Head: ‘Well enough advanced in our programme that we don’t need a fourth syndication’
EXCLUSIVE: Spain DMO Head: ‘Well enough advanced in our programme that we don’t need a fourth syndication’
1 July 2022
EXCLUSIVE: Spain DMO Head: ‘No one disputes that the Eurosystem needs to hike interest rates’
EXCLUSIVE: Spain DMO Head: ‘No one disputes that the Eurosystem needs to hike interest rates’
1 July 2022
Exclusive: ECB’s Kazāks: Would Not Exclude that We Need to Take Stronger Action in July
- Kazāks: ‘Fair case to discuss whether 25 basis points in July are still appropriate’
28 June 2022
TRANSCRIPT: Interview with ECB Governing Council member Kazāks on 27 June 2022
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on June 27 with Mārtiņš Kazāks, Governor of Latvijas Banka and member of the Governing Council of the European Central Bank:
28 June 2022
Exclusive: ECB Insider: When You Develop an Anti-Fragmentation Tool, It Means You’re Afraid
- ECB insider: Would be good to have an anti-fragmentation tool, but there are also risks to this
15 June 2022
Exclusive: QT Not a ‘Current Issue’ as ECB Starts Hiking, But Need to Prepare Already Talked About
- ECB insider: ‘There are views that we need to start more general discussions’ about QT
13 June 2022
Exclusive: ECB Governing Council Discussed Neither the Neutral Rate nor the Terminal Rate
- ECB insider: ‘One day we will approach’ topic of neutral rate, but now dealing with hiking
13 June 2022
Exclusive: ECB Very Likely to Hike by 25bp in July, But More Not Absolutely Impossible
- ECB insider: ‘Very high probability it’s going to be 25 basis points’ in July
10 June 2022
Exclusive: Many ECB Insiders Still Undecided, But Clear Potential for Compromise Involving 50 Bps
- ECB insider: Gradualism is ‘a relative concept’, not an automatic objection to 50 bps
6 June 2022
Exclusive: ECB Resigned to Euro Weakness Versus Dollar, say Insiders
- ECB insider: ‘This is a war that is already lost’
30 May 2022
Exclusive: Permanent Anti-Fragmentation Tool Not Seen as Essential by Most ECB Insiders
- ECB insider: We stand ready to react flexibly to fragmentation; ‘forget about specific tools’
27 May 2022
Exclusive: ECB Still Likely Far from Ready to Discuss QT, But Topic Could Come up Sooner Than Expected
- ECB insider: Must see other jurisdictions’ QT experience, so ECB hawks not yet pushing the issue
26 May 2022
Exclusive: Symmetrical Distribution of Key ECB Rates Optimal, But No Urgency Seen
By David Barwick – FRANKFURT (Econostream) – Theory prescribes no precise corridor width between the key interest rates of the European Central Bank, in the view of an ECB insider who felt that a desire to calibrate that spread was less likely to drive the magnitude of any rate moves in the earlier phase of policy normalisation.
20 May 2022
ECB Brief: Holzmann Says July Governing Council Meeting Will Be ‘Most Interesting and Difficult’
- Holzmann: One purchase programme still there, scheduled to end in July
29 April 2022
Exclusive: More Pronounced Euro Weakness a Headache for ECB, Econostream Understands
- ECB insider: Higher depreciation of euro can affect HICP projection at end of horizon
28 April 2022
Exclusive: 50-bp Rate Hike Not ECB Baseline for Now, But Council Will Have to Discuss
By David Barwick – FRANKFURT (Econostream) – As the debate about rates lift-off by the European Central Bank enters a phase of greater urgency, the date of a first hike is not the only issue about which ECB Governing Council members will have to come to consensus.
21 April 2022