By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday said that interest rate hikes should continue until core euro area HICP has clearly peaked, but indicated that a slower pace of hiking may not be far away.
7 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday said that the ECB’s job was far from done and that the withdrawal of accommodation might not be sufficient.
4 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday made the case for smaller ECB interest rate hikes, saying that he had supported a 50bp move at last week’s monetary policy meeting.
4 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Friday said that inflation needed to peak for monetary policy to become more predictable, and that this could occur in the current quarter.
4 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Friday warned that persistently high inflation increased the danger of second-round effects.
4 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Thursday gave a carefully worded defence of a slower pace of monetary policy normalisation.
3 November 2022
By David Barwick – RIGA (Econostream) – European Central Bank President Christine Lagarde on Thursday said that any recession in the euro area would be mild and thus not the remedy for elevated inflation.
3 November 2022
By David Barwick – RIGA (Econostream) – The European Central Bank still needs to hike official borrowing costs by a lot and should therefore continue implementing rate increases into next year, according to ECB Governing Council member Mārtiņš Kazāks on Thursday.
3 November 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank still has ‘some way to go’ on its journey of monetary policy normalisation, Governing Council member Pablo Hernández de Cos said Wednesday.
2 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that economic and geopolitical uncertainty had led to a new period of financial volatility.
2 November 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will have to undertake additional rate hikes, but long-term inflation expectations are still well anchored, Governing Council member Pablo Hernández de Cos said Wednesday.
2 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that there remained a long way to the end of the ECB’s current hiking cycle and suggested that quantitative tightening start early next year.
2 November 2022
By David Barwick – FRANKFURT (Econostream) – Growth prospects have worsened considerably lately, making it more essential that the European Central Bank do its duty and ensure price stability, Governing Council member Pablo Hernández de Cos said Monday.
31 October 2022
By David Barwick – FRANKFURT (Econostream) – High inflation and debt are some of the factors contributing to the uncertainty and the challenging nature of the current moment, European Central Bank Governing Council member Yannis Stournaras said Monday.
31 October 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank should not underestimate the danger of hiking interest rates too rapidly for economic prospects, if the latter turn out to be gloomier than anticipated, ECB Governing Council member Ignazio Visco said on Monday.
31 October 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said again that the size of future ECB rate hikes would depend on inflation prospects, adding however that the economic outlook would also play a role.
28 October 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has to take key interest rates at least temporarily into restrictive territory, Governing Council member Peter Kažimír said Friday.
28 October 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday said that the current monetary stimulus in the euro area had to be withdrawn quickly, and that policy might then have to become restrictive.
17 October 2022
By David Barwick – WASHINGTON (Econostream) – The European Central Bank will hike rates to whatever level the situation requires and cannot have a fixed terminal rate in mind already as this depends on developments, ECB Chief Economist Philip Lane said Saturday.
16 October 2022
By David Barwick – FRANKFURT (Econostream) – It is increasingly likely that the European Central Bank will have to increase borrowing costs to the point of being restrictive, and it should start reducing reinvestment of maturing assets once interest rates are at the neutral level, ECB Governing Council member Klaas Knot said Saturday.
15 October 2022