ECB: Key Interest Rates Remain Unchanged
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided again, as expected, to keep its three key interest rates unchanged.
25 January 2024
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ECB’s Stournaras: Difficult to Say Exactly How Long Interest Rates Must Stay Restrictive
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Wednesday said it was hard to predict for how long monetary policy in the euro area would need to remain restrictive.
24 January 2024
ECB: Lending Conditions Expected to Tighten Further in 1Q
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest Bank Lending Survey (BLS), released on Tuesday, showed that credit standards for loans to enterprises and households were tighter in the fourth quarter of 2023 and were expected to tighten further in the first quarter of 2024.
23 January 2024
They Said It - Recent Comments of ECB Governing Council Members
By David Barwick – FRANKFURT (Econostream) – The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 14 December, but earlier comments can still be seen in versions up to that of 08 December .
19 January 2024
ECB’s Lagarde: New Patterns of Consumption a Normalisation Trend
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday said that new patterns of consumption, trade and inflation were normalisation trends.
19 January 2024
ECB’s Lagarde: Capital Markets Could Benefit From Artificial Intelligence
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that artificial intelligence could play an important role in the progress of capital markets.
18 January 2024
ECB’s Lagarde: ‘Policies Have to Be Evidence-Based’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Wednesday said policies must be based on data and evidence.
17 January 2024
ECB’s Knot: Definitely Need More Data on Wages to Start Easing
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Wednesday said that more information on wage developments was necessary before there could be a reduction in interest rates.
17 January 2024
ECB’s Knot: Fighting Inflation Both an Economic and a Social Objective
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Wednesday said that there was both an economic and a social side to reducing inflation.
17 January 2024
ECB’s de Cipollone: Need to Stay Ahead of Threats to Assure Cybersecurity
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Piero Cipollone on Wednesday said that to guarantee cybersecurity in the financial system it was necessary to be ahead of threats.
17 January 2024
ECB’s Lagarde: Interest Rates at Peak; Must Stay Restrictive for as Long as Necessary
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Wednesday said that ECB interest rates had probably reached their peak and had to be maintained at the current level until there was confidence in the return to the inflation target.
17 January 2024
ECB’s Vasle: ‘Absolutely Premature’ to Expect Rate Cuts Soon
By David Barwick – VIENNA (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Wednesday roundly rejected expectations of near-term easing of ECB monetary policy.
17 January 2024
ECB’s Villeroy: Must Be Patient to Ensure We Hit Inflation Target
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that patience was necessary to assure price stability.
16 January 2024
ECB’s Välimäki: Restrictiveness Still Appropriate, Mustn’t Declare Victory Prematurely
By David Barwick – FRANKFURT (Econostream) – Monetary policy in the euro area needs to remain restrictive for now and it is not clear when easing will become possible, European Central Bank Governing Council member Tuomas Välimäki said on Tuesday.
16 January 2024
ECB’s Centeno: Don’t Need 2% Spot Inflation to Cut Interest Rates, Trajectory Matters Most
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Tuesday said that the path of inflation towards the ECB’s medium-term target was more relevant to a decision to reduce rates than spot inflation at the relevant moment.
16 January 2024
ECB’s Villeroy: Barring Surprises, Next Move Will Be to Cut, Likely in 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that the ECB’s next monetary policy move would be to reduce interest rates, probably this year, provided there were no surprises.
16 January 2024
ECB: Consumer Expectations of Future Inflation Lowest Since Early 2022
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s consumer expectations survey, released Tuesday, showed November medium expectations of future inflation down to the lowest level since early 2022.
16 January 2024
ECB’s Müller: Markets’ View of Rate Cuts ‘Quite an Aggressive Expectation’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Tuesday suggested that market rate expectations were unrealistically optimistic.
16 January 2024
ECB’s Nagel: Should Wait for New Data; Maybe We Can Wait for Summer Break
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday said that any decision to reduce interest rates required new data.
15 January 2024
They Said It - Recent Comments of ECB Governing Council Members
By David Barwick – FRANKFURT (Econostream) – The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 14 December, but earlier comments can still be seen in versions up to that of 08 December .
15 January 2024