By David Barwick – FRANKFURT (Econostream) – Euro area HICP in 2024 of 1.9%, as currently projected by the European Central Bank, is not out of the question, but is also not too likely, ECB Governing Council member Robert Holzmann suggested on Tuesday.
22 March 2022
By David Barwick – FRANKFURT (Econostream) – Key interest rates of the European Central Bank could be hiked this year if asset purchases end as currently foreseen, ECB Governing Council member Joachim Nagel said on Monday.
21 March 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will be guided by data in its decision-making and must thus make a ‘final decision’ yet about when net asset purchases should come to an end, Governing Council member Mario Centeno said Wednesday.
21 March 2022
By David Barwick – FRANKFURT (Econostream) – Russia’s war of aggression against Ukraine will lead to a more or less stagnant 1Q and a considerably weaker 2Q for Germany's economy, the German Bundesbank warned on Monday in its latest monthly report.
21 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said late Sunday that inflation would probably stay higher over a longer time than anticipated before Russia attacked Ukraine.
20 March 2022
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. Updates are made on a periodic basis.
18 March 2022
By David Barwick – FRANKFURT (Econostream) – Keeping inflation from becoming excessive may be the most difficult task for euro area monetary policy in the coming years, European Central Bank Governing Council member Klaas Knot said Thursday.
17 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said late Tuesday that the Russian attack on Ukraine would not drive Europe into recession even in the worst-case scenario of the ECB.
16 March 2022
By David Barwick – FRANKFURT (Econostream) – The conditions for the European Central Bank to hike interest rates are not yet met, Governing Council member Mario Centeno said Wednesday.
16 March 2022
ECB’s Lagarde: 3Q Asset Purchases to Be Data-Dependent and Reflect the Outlook
15 March 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is taking into account the opposing medium-term inflation impact of Russia’s attack on Ukraine, with an increase in the risk of second-round effects on the one hand and the potential for diminished price pressures due to weaker economic developments on the other, ECB Governing Council member Pablo Hernández de Cos said Tuesday.
15 March 2022
By David Barwick – FRANKFURT (Econostream) – The following is a reasonably complete compendium of the most recent comments made by European Central Bank Governing Council members with respect to monetary policy. Updates are made on a periodic basis.
14 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday said that even under a severe scenario, the economic shock related to Russian military aggression against Ukraine would not prevent the French economy from expanding this year by almost 3%.
14 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Saturday said that the economic shock related to Russian military aggression against Ukraine did not justify a ‘whatever it takes’ response from monetary policy.
12 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that inflation was becoming more widespread.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – It seems inevitable that the euro area will have to go through a period of zero growth and high inflation, European Central Bank Governing Council member Mario Centeno said Friday.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB would not let its monetary policy decision-making be put on hold for too long.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday indicated that financial markets might not have appropriately assessed the timing of an ECB rate hike, given the absence now of automaticity between the end of net purchases and rates lift-off.
11 March 2022
By David Barwick – FRANKFURT (Econostream) – Russian military aggression against Ukraine has deflationary implications for the medium term and warrants caution on the part of policymakers, according to European Central Bank Governing Council member Yannis Stournaras on Tuesday.
8 March 2022