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 Central Bank News
Latest News
ECB Insight: Lagarde, With a Little Help, Takes Another Misstep
By David Barwick – FRANKFURT (Econostream) – It may well be that the European Central Bank will cut rates by the summer. We see this as being only just shy of a given, and that depends very little on the wiggle room in the words ‘by the summer’.
17 January 2024 Central Bank News
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 Central Bank News
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 Central Bank News
ECB’s Šimkus: Probability of Rate Cut to Rise Sharply After April
By David Barwick – VIENNA (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Wednesday said that the likelihood of ECB policy easing would grow as the year 2024 progressed and in particular following the month of April.
17 January 2024 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
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 Central Bank News
They Said It - Recent Comments of ECB Governing Council Members
Heads up to clients - this is a piece that we regularly feature and update on our website, summarising all recent ECB speak. We updated it today. You can view it at this static link. https://www.econostream-media.com/theysaidit.html
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.
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 Central Bank News
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 Central Bank News
TRANSCRIPT: Interview with ECB Governing Council member Herodotou on 15 January 2024
By David Barwick – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on 15 January with Constantinos Herodotou, Governor of the Central Bank of Cyprus and member of the Governing Council of the European Central Bank:
15 January 2024 Central Bank News
Exclusive: ECB’s Herodotou: Need a Lot More Data Available During 1H for Future Decisions
By David Barwick – FRANKFURT (Econostream) – It is too soon to contemplate monetary policy easing or even the potential pace at which such easing might eventually take place, according to European Central Bank Governing Council member Constantinos Herodotou.
15 January 2024 Central Bank News
ECB’s Lane: Wage Data Available in June Important for Policy Orientation
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Saturday said that key data for decision-making concerning wages would be available by the June ECB Government Council meeting.
13 January 2024 Central Bank News