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ECB’s Lane: “Middle Path” of Measured Policy Response Remain Appropriate

ECB’s Lane: “Middle Path” of Measured Policy Response Remain Appropriate

By Marta Vilar – MADRID (Econostream) - European Central Bank Chief Economist Philip Lane said on Monday that the ECB remains on a “middle path” in which a measured monetary policy response is appropriate, stressing that policymakers are not committed to a predetermined rate path.

5 October 2026 | Central Bank News
Ex-ECB's Knot: NBFI Risks Growing as Implementation Across Jurisdictions Remains "Poor"

Ex-ECB's Knot: NBFI Risks Growing as Implementation Across Jurisdictions Remains "Poor"

By David Barwick – VIENNA (Econostream) – Former De Nederlandsche Bank President and Financial Stability Board Chair Klaas Knot warned Monday that the rapid growth of non-bank financial intermediation was generating mounting financial stability risks, while saying implementation of measures intended to address them remained “poor” across jurisdictions.

5 October 2026 | Central Bank News
ECB’s Nagel: No Clear Signs of Inflation Pass-Through; Flexibility, Not Inaction, Needed

ECB’s Nagel: No Clear Signs of Inflation Pass-Through; Flexibility, Not Inaction, Needed

By Marta Vilar – SORRENTO, Italy (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that there are currently no clear indications that higher inflation is feeding through into euro area price and wage-setting, suggesting the ECB can remain patient for now despite upside risks to the inflation outlook.

5 October 2026 | Central Bank News
ECB’s Vujčić: Bank Capital Not Currently Constraining Euro Area Lending

ECB’s Vujčić: Bank Capital Not Currently Constraining Euro Area Lending

By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Boris Vujčić said on Friday that regulatory capital requirements were not currently constraining bank lending in the euro area, arguing that subdued credit dynamics instead reflected weak demand, economic uncertainty and broader macroeconomic conditions.

2 October 2026 | Central Bank News
ECB’s Rehn: Energy Surge Nearer Adverse Scenario, Higher Yields Curb Pass-Through

ECB’s Rehn: Energy Surge Nearer Adverse Scenario, Higher Yields Curb Pass-Through

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn said Friday that the euro area inflation and growth outlook was being pulled in opposing directions by sharply higher energy prices and rising long-term interest rates, leaving the European Central Bank’s projections subject to unusually high uncertainty.

2 October 2026 | Central Bank News
ECB’s Nagel: TPI Not About Addressing Specific Countries’ Spread Levels

ECB’s Nagel: TPI Not About Addressing Specific Countries’ Spread Levels

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that the ECB's Transmission Protection Instrument (TPI) was aimed at ensuring the effective conduct of monetary policy and maintaining price stability, rather than responding to specific sovereign spread levels.

1 October 2026 | Central Bank News
ECB’s Lagarde: AI Could Amplify Market Moves, Increase Cyber Risks

ECB’s Lagarde: AI Could Amplify Market Moves, Increase Cyber Risks

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde warned Thursday that the increasing use of artificial intelligence in finance could amplify market moves, make cyberattacks faster and more disruptive and leave European financial institutions vulnerable to dependence on a small number of foreign AI providers.

1 October 2026 | Central Bank News
ECB’s Nagel Warns Non-Banks Exposures Could Pose Risks to European Banks

ECB’s Nagel Warns Non-Banks Exposures Could Pose Risks to European Banks

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that European banks remain resilient but that their growing links with non-bank financial institutions could create financial stability risks, and called for stronger risk management and stricter loan assessments.

1 October 2026 | Central Bank News
ECB Insight: Lagarde Narrows Early-Exit Window, Keeps Twin-Exit Scenario Alive

ECB Insight: Lagarde Narrows Early-Exit Window, Keeps Twin-Exit Scenario Alive

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde has again declined to pin down when she might leave the ECB, but her comments published Wednesday appear to narrow the likely window for an early departure while leaving intact the possibility that her exit might coincide with that of Chief Economist Philip Lane.

1 October 2026 | Central Bank News
ECB’s Stournaras Urges Caution as Energy, Demand Both Drive Inflation

ECB’s Stournaras Urges Caution as Energy, Demand Both Drive Inflation

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras said Thursday that the current inflation picture reflected both energy-related supply constraints and demand pressures, making the challenge facing monetary policymakers particularly complex.

1 October 2026 | Central Bank News
ECB’s Lagarde: Energy Shock May Lead ECB to Raise Rates Further

ECB’s Lagarde: Energy Shock May Lead ECB to Raise Rates Further

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde said the current energy shock could lead the ECB to raise interest rates further if necessary to prevent higher energy costs from feeding durably through the economy and pushing up inflation.

30 September 2026 | Central Bank News
ECB Insight: Schnabel Makes a Hawkish Case – And It Points Away from an October Hike

ECB Insight: Schnabel Makes a Hawkish Case – And It Points Away from an October Hike

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel delivered an unmistakably hawkish diagnosis of the inflation outlook on Wednesday, but the monetary policy signal at the end of her speech points away from another interest rate increase at the Governing Council’s October meeting, at least in the absence of a significant deterioration in the coming weeks.

30 September 2026 | Central Bank News
ECB’s Schnabel: Central Banks Cannot Wait for Inflation Pass-Through to Materialize

ECB’s Schnabel: Central Banks Cannot Wait for Inflation Pass-Through to Materialize

By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel said Wednesday that central banks cannot wait for indirect and second-round effects from the latest energy shock to become visible before responding, but must judge in advance how the shock will feed through to underlying inflation and calibrate monetary policy accordingly.

30 September 2026 | Central Bank News
ECB Insight: Demarco and Kažimír Reverse Roles, but December Retains the Edge for Next Move

ECB Insight: Demarco and Kažimír Reverse Roles, but December Retains the Edge for Next Move

By David Barwick – FRANKFURT (Econostream) – The contrast between two European Central Bank Governing Council members who spoke on Tuesday was striking: Peter Kažimír, usually among the most eager to raise rates, stressed that there was time to decide, while Alexander Demarco, a typically cautious voice, set out various ways an October hike could become appropriate.

30 September 2026 | Central Bank News
Exclusive: ECB’s Demarco: Above-Expected Underlying Inflation “Could Be Grounds to Act”

Exclusive: ECB’s Demarco: Above-Expected Underlying Inflation “Could Be Grounds to Act”

By Marta Vilar and David Barwick – VALLETTA (Econostream) – European Central Bank Governing Council member Alexander Demarco said higher-than-expected underlying inflation could justify another rate hike before second-round effects become visible, while a combination of adverse inflation and energy developments could make an October move compelling.

29 September 2026 | Central Bank News