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Exclusive: ECB Insider: Even a Negative May HICP Surprise Might Not Derail a June Rate Cut

Exclusive: ECB Insider: Even a Negative May HICP Surprise Might Not Derail a June Rate Cut

By David Barwick – FRANKFURT (Econostream) – Even a very poor spot euro area inflation reading this month would not necessarily dissuade the European Central Bank’s Governing Council from going through with the 25bp rate cut that has been amply signalled for its June meeting, in the view of a Eurosystem insider who spoke to Econostream recently.

14 May 2024 Central Bank News
ECB’s Wunsch: Possible to Start Easing Despite Uncertain Inflation Outlook

ECB’s Wunsch: Possible to Start Easing Despite Uncertain Inflation Outlook

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Wednesday said that it was possible for the ECB to start reducing interest rates this year even with some uncertainty about the inflation trajectory, as it would be harmful to stay in restrictive territory for too long.

8 May 2024 Central Bank News
ECB’s Panetta: Need to Ensure Interoperability of CBDCs to Improve Payments

ECB’s Panetta: Need to Ensure Interoperability of CBDCs to Improve Payments

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta on Monday said that many central banks were considering central bank digital currencies (CBDCs) and that it was necessary to ensure the interoperability of CBDCs to guarantee an adequate payments process.

6 May 2024 Central Bank News
ECB’s Villeroy: CBDC a Stability Anchor; Commercial Banks Must Not Fear

ECB’s Villeroy: CBDC a Stability Anchor; Commercial Banks Must Not Fear

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday said that commercial banks must not be afraid of central bank digital currency (CBDC), as its primarily role was to contribute to financial system stability.

6 May 2024 Central Bank News
ECB’s Lane: Best Not Pre-Committing to Rate Path in Uncertain Environment

ECB’s Lane: Best Not Pre-Committing to Rate Path in Uncertain Environment

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane late Thursday said that keeping a data-dependent and a meeting-by-meeting approach was the best way to deal with unexpected events when calibrating the monetary policy stance.

2 May 2024 Central Bank News