By Marta Vilar – MADRID (Econostream) - Germany is set to scale up its sovereign debt issuance next year, with the Federal Republic now planning to refinance and borrow a total of about €512 billion through auctions of federal securities in 2026 plus three conventional syndications, according to the latest issuance outlook, published by the German Finance Agency on Thursday.
18 December 2025
By Marta Vilar – MADRID (Econostream) – The Dutch State Treasury Agency plans to raise around €50bn in Dutch State Loans (DSLs) in 2026, while beginning to shorten the target minimum average maturity of its debt portfolio under a newly adopted debt management framework, according to its Outlook 2026, published on Friday.
12 December 2025By David Barwick – FRANKFURT (Econostream) – The European Investment Bank on Thursday said it expects to raise €60 billion in 2026.
11 December 2025
By Marta Vilar - MADRID (Econostream) - European Central Bank Vice President Luis de Guindos said on Thursday that the ECB’s proposed supervisory simplifications would make Additional Tier 1 instruments more akin to equity.
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By Marta Vilar – MADRID (Econostream) – The ECB’s Governing Council’s tone in the ECB Tone Meter moved above 0 on Wednesday for the first time this cycle, following comments from an Executive Board member who opened the door to an interest rate hike as the next move and a shift by several previously dovish Council members who now explicitly support holding rates steady in December.
10 December 2025
By David Barwick – FRANKFURT (Econostream) – The European Central Bank remains in a good place, given current inflation and interest rates, ECB Governing Council member Mārtiņš Kazāks said Wednesday.
10 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that it would likely be “wise” to keep interest rates at their current levels for now while maintaining flexibility, adding that there was no reason to a expect a hike in the near future.
10 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that she expects another upward revision to growth forecasts at the Governing Council’s December meeting.
10 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gediminas Šimkus said Wednesday that ECB interest rates don’t need to be lowered further, pointing to stronger-than-expected economic activity and inflation close to the ECB’s medium-term target.
10 December 2025
By David Barwick – RIGA (Econostream) – Chinese exports to Europe will likely intensify further, with ramifications for euro area monetary policy, according to European Central Bank Governing Council member Mārtiņš Kazāks on Tuesday
10 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Wednesday expressed confidence that euro area inflation will converge to the ECB’s 2% target over the medium term, according to remarks published by the Central Bank of Ireland (CBI).
10 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Tuesday that the long-term evolution of the international monetary system will hinge on slow-moving structural forces and that both the dollar’s traditional supports and the architecture of its main contenders are undergoing gradual change.
9 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday underscored both the opportunities and challenges posed by rapid advances in artificial intelligence, arguing that central banks must embrace the technology while remaining anchored in their public mandates.
9 December 2025By David Barwick – FRANKFURT (Econostream) – Ireland’s National Treasury Management Agency on Tuesday said it plans to issue €10 billion to €14 billion of bonds in 2026.
9 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said the ECB would have no reason to adjust interest rates for some months and should remain alert to certain upside risks to inflation.
8 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Monday said interest rates were “in a good place” and likely to stay unchanged “for some time,” adding that markets and survey participants now expected the ECB’s next move to be a hike.
8 December 2025
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Saturday said medium-term inflation risks were “slightly tilted to the downside,” with subdued energy prices, a stronger euro and moderating services and wage pressures weighing on the outlook.
7 December 2025
By Marta Vilar – MADRID (Econostream) – Belgium expects to issue €51.6 billion in OLOs in 2026, an increase of €5.9 billion from the €45.7 billion the Debt Agency projects for 2025, according to its funding plan released Friday by the Belgian Debt Agency.
5 December 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Friday that even minor but persistent deviations from the ECB’s inflation target could affect inflation expectations, stressing that the ECB should not tolerate a sustained undershoot.
5 December 2025
By Marta Vilar – MADRID (Econostream) – The ECB Tone Meter moved slightly dovish this week, with the Governing Council reading at -0.12, which we classify as broadly neutral but still with a marginal dovish tilt, and the Executive Board at +0.05, which we view as neutral with a very marginal hawkish lean.
5 December 2025