By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Thursday endorsed a cycle of interest rate hikes but urged that risks associated with policy tightening be addressed.
7 July 2022
By David Barwick – FRANKFURT (Econostream) – Irish economic growth should hold up relatively well over the medium term, but uncertainty is high and the outlook is subject to risen downside risks, according to the Central Bank of Ireland on Thursday.
7 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the ECB would continue hiking interest rates post-September to reach the neutral level, at which point tightening would cease unless inflation dictated otherwise.
7 July 2022
By David Barwick – FRANKFURT (Econostream) – The projection of medium-term price stability rests on the assumption that moderate wage developments and reduced trade margins will prevent a price-wage spiral from emerging, European Central Bank Governing Council member Pablo Hernández de Cos said Thursday.
7 July 2022
ECB’s Nagel: Would Caution Against Using Monetary Policy Instruments to Limit Risk Premia
- Nagel: Virtually impossible to be sure whether widened spread is fundamentally justified
- Nagel: ‘A restrictive monetary policy stance may be necessary’
By David Barwick – FRANKFURT (Econostream) – Once the European Central Bank has taken official borrowing costs out of negative territory, any further adjustments will hinge on economic and inflation developments, ECB Executive Board member Fabio Panetta said Friday.
1 July 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Tuesday made clear that the ECB could under circumstances abandon the principle of gradualism that it has been preaching for many months.
28 June 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Friday painted a gloomy economic picture, but although he sounded concerned about inflation expectations, he refused to entertain the possibility that the ECB would hike by more than 25 basis points next month.
24 June 2022
By David Barwick – FRANKFURT (Econostream) – Tighter financing conditions in the wake of the European Central Bank’s policy normalization could make it harder for firms and households to make needed payments, ECB Governing Council member Pablo Hernández de Cos said Friday.
24 June 2022
By David Barwick – FRANKFURT (Econostream) – Increased inflation expectations are cause for concern and monetary authorities must not react insufficiently or hesitantly, European Central Bank Governing Council member Joachim Nagel said on Thursday.
23 June 2022
By David Barwick – FRANKFURT (Econostream) – Price pressures have become yet broader and yet more intense, the European Central Bank said on Thursday.
23 June 2022
By David Barwick – FRANKFURT (Econostream) – The present economic situation is different from that of the 1970s in respects that make stagflation currently less likely, and experts accordingly see little risk of stagflation in the euro area, the European Central Bank said on Wednesday.
22 June 2022
By David Barwick – PARIS (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the French economy could expect positive growth in this and the coming years, along with more subdued medium-term inflation.
22 June 2022
By David Barwick – FRANKFURT (Econostream) – A new measure of domestic euro area inflation indicates that domestic price pressures have been on the rise over the past year and in the years just before the pandemic, the European Central Bank said on Tuesday.
21 June 2022
By David Barwick – FRANKFURT (Econostream) – Futures curves indicate that energy inflation should subside next year, but any scenario is subject to great uncertainty, the European Central Bank said on Tuesday.
21 June 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday reiterated ECB’s intention to hike interest rates in July by 25 basis points and then to take a potentially larger step in September depending on the inflation outlook.
20 June 2022
By David Barwick – FRANKFURT (Econostream) – German consumer price growth will probably remain high over the next few months and average about 7% for the entire year, the German Bundesbank said on Monday in its latest monthly report.
20 June 2022
By David Barwick – FRANKFURT (Econostream) – The influx of Ukrainian refugees due to Russia’s war of aggression against its neighbour has the potential to slightly ease euro area labour market tightness, but the ultimate impact cannot currently be forecast with much reliability, the European Central Bank said on Monday.
20 June 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is considering a new instrument to counter the episodes of fragmentation likely to occur in Europe, ECB Governing Council member Yannis Stournaras said Monday.
20 June 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is firmly committed to keeping unwarranted fragmentation from interfering with the transmission of its monetary policy, Governing Council member Olli Rehn said on Saturday.
18 June 2022