ECB Vigilant as Rate Hikes Expose Financial Stability Weak Spots
By Xavier D’Arcy – FRANKFURT (Econostream) – Recent rate hikes could reveal pockets of financial instability in the Eurozone, the European Central Bank said on Wednesday.
31 May 2023
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ECB’s de Guindos Says Latest Inflation Readings Are ‘Positive News’
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Wednesday that the latest data showed that inflation was moving in the right direction.
31 May 2023
ECB Rate Hikes Can Stop ‘in a Couple of Months’ if Disinflation Continues, Centeno Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank can stop raising its key interest rates in a couple of months if data continue to point to strong disinflationary tendencies, Governing Council member Mário Centeno said on Wednesday.
31 May 2023
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 4 May.
30 May 2023
ECB’s Šimkus: Expect 25BP Rate Hikes in June and July; Unclear if This Will Continue in September
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is likely to hike rates by 25bp in June and July, after which the outlook is less certain, according to ECB Governing Council member Gediminas Šimkus.
30 May 2023
ECB’s de Cos: Closer to the Finish, But Still Some Way to Go for Monetary Policy
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s monetary policy is not yet done, even if it is now closer to ending, ECB Governing Council member Pablo Hernández de Cos said Monday.
29 May 2023
ECB’s Makhlouf: Still Ground to Cover, But Probably ‘Close to the Top of the Ladder’
By David Barwick – DUBROVNIK, Croatia (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Saturday suggested that whilst the ECB was not yet done tightening monetary policy, it was probably near the end of the hiking cycle.
27 May 2023
ECB’s Wunsch: If Fiscal Policy Stays Loose, Monetary Policy Would Have to Do More
By David Barwick – DUBROVNIK, Croatia (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Saturday warned that continued expansive fiscal policy would require a larger reaction from monetary policy.
27 May 2023
ECB’s Lane: Food and Services Price Pressures to Ease Later This Year
By David Barwick – DUBROVNIK, Croatia (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that the food and services sectors would start putting less upward pressure on euro area inflation later in 2023.
26 May 2023
They Said It - Recent Comments of ECB Governing Council Members
By David Barwick – FRANKFURT (Econostream) – The following is an overview of key recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 4 May.
26 May 2023
ECB’s de Cos: Wage Pressures Continuing to Intensify, Some Measures of Expectations Have Risen
By David Barwick – FRANKFURT (Econostream) – Core inflation is still high and wage developments have strengthened, whilst some measures of inflation expectations have increased, European Central Bank Governing Council member Pablo Hernández de Cos said Thursday.
26 May 2023
ECB’s Lane: Inflation to Return to Target in Timely Manner; ‘We’re Not Bystanders’
By David Barwick – DUBROVNIK, Croatia (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that the ECB was acting to ensure the restoration of price stability in a timely manner, and downplayed the inflationary threat from wage developments.
26 May 2023
ECB’s Knot Sees at Least Two Further 25BP Hikes Over Summer
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank needs at least two more 25bp hikes at its next two meetings, and perhaps more thereafter, Governing Council member Klaas Knot said on Friday.
26 May 2023
ECB’s Vujčić: Return to 2% Inflation Within the Next Two Years ‘Questionable’
By David Barwick – DUBROVNIK, Croatia (Econostream) – The euro area may not see price stability restored within the next two years, European Central Bank Governing Council member Boris Vujčić said Friday.
26 May 2023
ECB’s Makhlouf Says Two Further Rate Hikes Likely
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf said on Friday that two further ECB rate hikes in June and July were likely.
26 May 2023
ECB’s Nagel Criticises Weakening of EU Fiscal Rules
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that the EU’s economic governance framework should not be weakened, and criticised the Commission’s proposal for reform of the EU’s fiscal rules.
25 May 2023
More ECB Rate Hikes Necessary, but Peak Is Approaching, Vasle Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is approaching the terminal rate necessary to bring inflation back to target, though further rate hikes will be necessary, ECB Governing Council member Boštjan Vasle said on Thursday.
25 May 2023
ECB’s de Guindos: Services Inflation ‘Most Worrisome’, Wages and Profits Also Need Monitoring
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Thursday that service prices were the most worrisome element of the inflation outlook and that policymakers were paying very close attention to wages and profits as supply pressures faded.
25 May 2023
Lagarde: Inflation Is ECB’s Main Priority, but Beware of Climate, Digital and Geopolitical Challenges
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s most immediate goal is to fight high inflation, but it also faces a number of other challenges, such as the climate crisis, geopolitical tensions and the digital transformation, ECB President Christine Lagarde said on Wednesday.
24 May 2023
Bundesbank Defies ECB Support of EU Commission Governance Reform Proposal
By Xavier D’Arcy – FRANKFURT (Econostream) – The Bundesbank issued a critical opinion of the European Commission’s proposals for new EU economic governance rules, contrasting with the European Central Bank’s positive assessment of the plans.
24 May 2023