By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that core measures of inflation demonstrated that higher price rises for raw materials had affected a much wider range of goods and services.
25 July 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will determine the appropriate magnitude of any future rate hikes when the time comes, ECB Governing Council member Ignazio Visco said on Monday.
25 July 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will decide in the fall whether its next rate hike will be smaller than, equal to or even larger than last week’s 50bp increase, Governing Council member Robert Holzmann said on Sunday.
24 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Saturday said the ECB would continue hiking interest rates until the medium-term inflation outlook was consistent with price stability.
23 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday conceded that the ECB had given every indication of not being able to come up with a substantive anti-fragmentation programme by yesterday, but asserted that the achievement reflected policymakers’ unity and commitment.
22 July 2022
By David Barwick – FRANKFURT (Econostream) – Yesterday’s larger-than-expected rate hike by the European Central Bank does not alter the ECB’s determination to take official borrowing costs to neutral, Governing Council member Pablo Hernández de Cos said Friday.
22 July 2022
By David Barwick – FRANKFURT (Econostream) – Thursday’s hike of the European Central Bank’s key interest rates was the start of a series of similar moves, Governing Council member Peter Kažimír said Friday.
22 July 2022
By David Barwick – FRANKFURT (Econostream) – Germany's economy probably stagnated in the second quarter, the German Bundesbank said on Friday in its latest monthly report.
22 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB realised that policy normalisation would probably imply some economic suffering, but that this was preferable to runaway inflation.
22 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the preservation of uniform monetary policy transmission was necessary to achieve price stability and that the mere existence of the ECB’s new anti-fragmentation tool would support policy normalisation.
22 July 2022
By David Barwick – FRANKFURT (Econostream) – Euro area wage developments are not showing significant signs of second round effects so far, European Central Bank Governing Council member Olli Rehn said on Friday.
22 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that the ECB’s new anti-fragmentation tool, the Transmission Protection Instrument (TPI), would stand up to any legal challenge.
22 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Tuesday spoke out in favour of a global response to the threat posed to economies by climate change.
19 July 2022
By David Barwick – FRANKFURT (Econostream) – Suddenly worse economic conditions could strain the resilience of the financial system, European Central Bank Governing Council member Klaas Knot said Wednesday.
13 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the euro’s foreign exchange weakness was positive for exporters but unhelpful with respect to inflation.
13 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that monetary policy normalisation would inevitably be accompanied by risk premia and that absent evidence to the contrary, he would consider widened spreads to be warranted by fundamentals.
12 July 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s new anti-fragmentation tool might never require actual deployment, ECB Governing Council member Yannis Stournaras said on Saturday.
11 July 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank might have to hike rates by as much as 0.75 basis points if things don’t get better, Governing Council member Robert Holzmann said on Saturday.
11 July 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has to address the danger than elevated inflation rates could lead to a dis-anchoring of expectations, ECB Governing Council member Ignazio Visco said on Friday.
8 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Friday said that inflation in excess of 2% was not per se grounds to hike official borrowing costs.
8 July 2022