By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Thursday that policymakers should be aware of the risk of overreacting and that smaller, non-mechanical rate hikes would allow monetary policy to avoid costly mistakes.
16 February 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Thursday said that the next set of ECB staff macroeconomic forecasts would determine the further course of monetary policy, and that there were indications of an improved outlook on the inflation front.
16 February 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will be better able to decide how monetary policy should evolve with the benefit of updated inflation forecasts available in March, Governing Council member Pablo Hernández de Cos said Wednesday.
15 February 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Wednesday reiterated word for word the key messages of her post-Council meeting statement earlier this month.
15 February 2023
By Xavier D’Arcy – BERLIN (Germany) – European Central Bank Governing Council member Gabriel Makhlouf said on Tuesday that he expected rate hikes to continue beyond the March meeting and that he was in favour of taking forceful action against inflation.
14 February 2023
By David Barwick – FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members related to the appropriate pace of upcoming ECB monetary policy tightening. We include only comments made since the December 15 Council meeting.
13 February 2023
FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members related to the monetary policy relevance of core inflation. We include comments made since the December 15 Council meeting.
13 February 2023
By David Barwick – FRANKFURT (Econostream) – Government fiscal measures to offset the blow from high inflation should be targeted, temporary and not distort market signals, lest monetary policy need additional tightening, the European Central Bank said on Monday.
13 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno said on Monday that the ECB’s terminal rate should become a lot clearer at its upcoming monetary policy meeting in March.
13 February 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank must continue tightening monetary policy, but should proceed slowly and cautiously, without taking unduly large steps and guided by incoming information, ECB Governing Council member Ignazio Visco said on Saturday.
11 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Isabel Schnabel said on Friday that the ECB would carry on with rate hikes and keep rates high until it saw clear signs of easing core inflation.
10 February 2023
By David Barwick – FRANKFURT (Econostream) – If government spending to mitigate the impact of high energy prices does not give way to more fiscal restraint as energy cheapens, this could ultimately require greater monetary tightening, European Central Bank Governing Council member Pablo Hernández de Cos said Friday.
10 February 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is likely to continue hiking interest rates after increasing them in March, Governing Council member Boris Vujčić said Friday.
10 February 2023
By David Barwick – FRANKFURT (Econostream) – The globalisation of the last decades as had a disinflationary impact on the euro area and, to a small extent, limited regional inflation’s sensitivity to domestic influences, European Central Bank Governing Council member Pablo Hernández de Cos said Thursday.
9 February 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday suggested that monetary policy remained far from relaxing.
9 February 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank may continue raising official borrowing costs beyond a very probable 50bp hike next month, ECB Vice President Luis de Guindos said Wednesday.
8 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot dismissed on Wednesday the idea that the ECB would stop tightening after its next meeting and opened the door to a further 50bp hike at the central bank’s meeting in May.
8 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Governing Council member Joachim Nagel pushed back on Tuesday against suggestions that the European Central Bank’s hiking cycle could end after its pre-announced 50bp hike in March, and dismissed the possibility of rate cuts anytime soon.
7 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Tuesday that recent economic developments in the Eurozone were facilitating monetary policy’s fight against high inflation.
7 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s Consumer Expectations Survey results for December 2022, released on Tuesday, show consumers’ long-term inflation expectations rising slightly, whilst their outlook for the immediate term remains high.
7 February 2023