By David Barwick – FRANKFURT (Econostream) – The European Central Bank will likely need to counter undiminished core inflation with 50bp rate hikes at each of the Governing Council’s next four monetary policy meetings, according to Council member Robert Holzmann on Monday.
6 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Past the habitual dovishness, other, at first glance less substantive comments published Monday in an interview with European Central Bank Governing Council member Mário Centeno may actually offer the more interesting insight into the challenge the ECB will face in maintaining the current pace of monetary tightening beyond March.
6 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane said on Monday that the momentum of core inflation in the euro area was not showing signs of declining.
6 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno said on Monday that lower inflation forecasts should be taken into account as the central bank decides on the future path of interest rates after its March meeting.
6 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde said on Sunday that euro area core inflation was set to remain sticky in the immediate term.
5 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The following is a compendium of comments made by European Central Bank Governing Council members related to ECB monetary policy. We include only comments made since the Governing Council meeting of February 2.
3 March 2023 Central Bank News
By David Barwick – LJUBLJANA (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that it was impossible to say now where the ECB’s terminal rate would lie and that this was something time would tell.
3 March 2023 Central Bank News
By David Barwick – LJUBLJANA (Econostream) – European Central Bank Governing Council member Madis Müller on Friday suggested that official borrowing costs in the euro area might have to stay elevated for a relatively long time.
3 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the ECB would continue to hike interest rates beyond the increase already intended for this month.
3 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel said on Thursday that markets' quantitative tightening (QT) expectations had contributed to rising yields in the euro area and thus complemented the ECB’s rate hikes.
2 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said it was possible that the ECB's monetary policy would remain on its current path even after the March meeting of the Governing Council.
2 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco said on Wednesday that falling energy prices had laid the groundwork for the return to price stability.
1 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – The German Bundesbank announced on Wednesday that it had tapped €1 billion of risk provisions to avoid making a loss in 2022, and warned that there may be losses on the horizon once provisions run out.
1 March 2023 Central Bank News
- ECB insider: Core inflation to remain relatively high and away from our target this year
- ECB insider: Some concerns that wage demands could pick up quickly in 1H
- ECB insider: Increasing trend of firms protecting their margins contributing to price pressures
- ECB insider: Hawks ‘not very comforted’ by assurances of lower medium-term price pressures
- ECB insider: Some hawks question medium-term inflation outlook due to 2d-rd effects, energy prices
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that further significant interest rate steps might be necessary after an expected 50bp hike in March.
1 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that interest rate hikes would proceed at a more gradual pace after March.
1 March 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Gaston Reinesch said on Wednesday that ECB policy tightening may have more ground to cover after March.
1 March 2023 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Observers of European Central Bank monetary policy would be well advised to pay heed to the comments of Governing Council members since last week’s non-monetary policy meeting, as they leave open policy option doors that under other circumstances might have now been closing.
28 February 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane said on Tuesday that interest rates could remain in restrictive territory for a protracted period.
28 February 2023 Central Bank News
By Xavier D’Arcy – FRANKFURT (Econostream) – The Bank of International Settlements warned on Monday that markets’ rate cut bets were premature, as central banks will need to keep rates higher for longer to tackle high inflation.
27 February 2023 Central Bank News