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
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel questioned on Tuesday whether the impact of monetary policy tightening to date would return euro area inflation to 2%.
7 February 2023
By David Barwick – BUDAPEST (Econostream) – The European Central Bank’s monetary policy remains subject to a much larger risk from doing too little than from doing too much, according to Governing Council member Robert Holzmann on Monday.
6 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Gaston Reinesch said on Friday that a rate hike in May is a possibility, though not yet a certainty.
6 February 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank still has a considerable way to go, possibly even until the third quarter, to reach the terminal rate of the current hiking cycle, according to Governing Council member Robert Holzmann late Friday.
5 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco said on Saturday that central bankers must carefully balance the risks associated with tightening monetary policy but called for the ECB’s monetary policy tightening to proceed ‘with suitable caution’.
4 February 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Tuesday said that the ECB’s terminal rate needed to be at least 3.5% if core inflation did not retreat.
3 February 2023
By David Barwick – FRANKFURT (Econostream) – A rate hike of 50bp next month by the European Central Bank is the current plan, but is not a promise, according to ECB Governing Council member Gediminas Šimkus.
3 February 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB was likely to repeat yesterday’s 50bp rate hike next month, according to currently available information.
3 February 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has said it would hike rates by another 50bp next month, but it would also take into account the updated staff macroeconomic forecasts, ECB Governing Council member Olli Rehn said on Friday.
3 February 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will have to continue to hike interest rates beyond March, but might be able to start considering its efforts as having borne fruit if the March and June forecasts cooperate, Governing Council member Peter Kažimír said Friday.
3 February 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle said on Friday that he expects key interest rates to rise again by 50bp in March and remain in restrictive territory to ensure inflation falls back to the ECB's 2% target.
3 February 2023
FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members related to the relevance of fiscal policy for monetary policy. We include comments made since the December 15 Council meeting.
31 January 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – In a sign monetary policy tightening is working its way through to the real economy, the European Central Bank’s latest Bank Lending Survey (BLS), released Tuesday, showed declining demand for loans and tightening credit standards in the Eurozone.
31 January 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.
27 January 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.
27 January 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel cautioned on Wednesday against thinking that inflation had peaked, and confirmed the continued need for interest rate hikes.
25 January 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle said on Wednesday that he is in favour of hiking the ECB’s key interest rates by 50bp at each of the next two monetary policy meetings.
25 January 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Wednesday called for the ECB to hike rates by 50bp both in February and in March, subject to developments.
25 January 2023