By Isabel Teles – FRANKFURT (Econostream) – Negotiated wage growth decreased in the euro area in the second quarter of 2024, according to the European Central Bank wage tracker’s latest update on Thursday.
22 August 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta on Wednesday said that Europe's reliance on external demand should be rebalanced and called again for a joint fiscal policy.
21 August 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – German economic output is likely to be weak in 3Q 2024, postponing the country's economic recovery, according to the latest monthly report of the Bundesbank, released Tuesday.
20 August 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Monday said there was a strong case for the ECB to cut interest rates in the September meeting, given downside risks to growth in the euro area.
19 August 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – In the following, we reproduce European Central Bank Governing Council members’ recent comments communicating their views as to where r*, the neutral level of interest rates, might lie in the euro area.
15 August 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Wednesday said that if confidence in the disinflation process increased, the ECB could continue to cut interest rates, thus bolstering growth.
7 August 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – It can be tempting to dismiss the utterances of those European Central Bank Governing Council members who habitually tend to the extremes of hawkishness or dovishness. An exception is worth making for the latest contribution of Bank of Greece Governor Yannis Stournaras to the discussion.
2 August 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Thursday said that for current monetary policy it was essential that inflation be seen returning to target and that the continued materialisation of the ECB’s baseline for inflation would warrant gradual easing.
1 August 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – Economic activity in the euro area should keep on recovering during 2024 following the positive start to the year, according to the Economic Bulletin published Thursday by the European Central Bank.
1 August 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Edward Scicluna on Wednesday announced that he was temporarily leaving his position as Governor of the Central Bank of Malta to defend himself against charges of corruption.
31 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Some observers of the European Central Bank have reacted to the July euro area inflation data released Wednesday by reflexively inferring that they materially reduce the chances of a September rate cut. We feel a shrug would be the more appropriate reaction.
31 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – Despite some errors during the inflation surge of the recent past, the Eurosystem/ECB staff projections have been found overall to be as accurate as other benchmarks, according to the Economic Bulletin pre-release published Wednesday by the European Central Bank.
31 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday said that euro area inflation would remain elevated for some time but then converge to the target in the second half of 2025.
30 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The recent surge in inflation and subsequent monetary policy tightening had a stronger impact on the balance sheets of the euro area’s wealthier household than on those of the poorer ones, according to the Economic Bulletin pre-release published Tuesday by the European Central Bank.
30 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday said that the Olympic Games could be beneficial to the European economy at large as they would add to activity, consumption and confidence.
29 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The similarities between the French and the euro area’s economies make the single monetary policy a good fit for France, Agnès Bénassy-Quéré, Banque de France’s Deputy Governor, said Monday.
29 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The economic transformation in China impacts the country's trading partners, demanding a European response that ensures fairness on global markets, according to the Economic Bulletin pre-release published Monday by the European Central Bank.
29 July 2024 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Hawkish though she may seem at first glance, European Central Bank Executive Board member Isabel Schnabel’s interview from Friday changes little to nothing in our view, and it is possible it was never meant to do much more.
29 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Friday said that although inflation was still seen reaching 2% next year, the ‘last mile’ narrative remained valid and September’s monetary policy decision was completely open.
26 July 2024 Central Bank News
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s latest consumer expectations survey, released Friday, showed that consumer expectations of future inflation remained at the same level in June as in May, when the lowest levels in almost three years had been hit.
26 July 2024 Central Bank News