By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Thursday said the ECB had to take into account that banking sector turmoil would effectively do part of its tightening job for it.
23 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco said on Thursday that recent market turmoil meant policymakers needed to take a cautious approach to monetary policy.
23 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot said on Thursday that there was still a lot of work to do fighting high inflation in the Eurozone.
23 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that the central bank’s job was not done yet and that bold action would be necessary to tame inflation in the euro area.
22 March 2023 Central Bank News
- Scicluna: Ramifications of bank turmoil to be felt for some time, also in Europe
- Scicluna: ‘We strongly believe in the robustness and resilience of our system’
- Scicluna: If we don’t see core inflation peaking, then our job is to continue attacking inflation
- Scicluna: Would be presumptuous for me to say now that I’ll want 50bp in May; must see data
- Scicluna: ‘Nowhere near’ the wage-price spiral we’ve had in the past
- Scicluna: Updated forecasts appeared to us to be out of date the same day
- Scicluna: If core inflation rises, then those who are for tightening will get the upper hand
- Scicluna: ‘Wouldn’t be highly concerned with the results we’re getting from wage settlements so far’
- Scicluna: ‘No indications that we’re seeing’ the light at the end of the inflation tunnel
- Scicluna: Mopping up liquidity is another way to subdue inflation
- Scicluna: Last week’s decision gives sense of stability; you don’t create more stability by hesitating
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Wednesday that abrupt policy moves should be avoided and that further tightening must be prudent.
22 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Wednesday said that quantitative tightening and interest rate policy could conceivably work at cross-purposes without any issue.
22 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane said on Wednesday that if financial stress proved to be temporary, further rate hikes would be appropriate.
22 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the ECB had to continue hiking interest rates but that monetary policy was getting close to the point of being restrictive.
22 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that the ECB was neither committed to hiking nor finished with rate hikes at its next meetings.
22 March 2023 Central Bank News
By Xavier D’Arcy – BASEL, Switzerland (Econostream) – A future digital euro could be associated with conditionalities but not programmable, European Central Bank President Christine Lagarde said on Tuesday.
21 March 2023 Central Bank News
By Xavier D’Arcy – BASEL, Switzerland (Econostream) – Any future digital currency will have to be a public-private partnership, European Central Bank Governing Council member François Villeroy de Galhau said on Tuesday.
21 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday said that the ECB was nearing the end of the hiking cycle.
20 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – The dampening effect of financial instability on demand could reduce the need for further policy tightening, European Central Bank President Christine Lagarde said on Monday.
20 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – The Bundesbank said on Monday that core inflation was proving to be extraordinarily persistent in Germany and could rise further this year.
20 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Monday that last week’s 50bp rate hike by the ECB was a sign that policymakers were confident in the solidity of the banking system and that the central bank’s path in the fight against inflation was the right one.
20 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will have to continue raising interest rates, assuming market conditions do not interfere, Governing Council member Mārtiņš Kazāks said Monday.
20 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch over the weekend said that the ECB’s macroeconomic projections implied that the hiking cycle was far from over and that banking sector turmoil would probably not stand in the way of further tightening by impacting financial markets.
20 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday said in the context of current banking sector turmoil that Greek banks had ‘close to zero’ exposure.
20 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Robert Holzmann said on Saturday that he expected further rate hikes and that the ECB’s terminal rate could be above 4%.
19 March 2023 Central Bank News