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ECB’s Lagarde Says ‘Stay the Course’ Is Her Monetary Policy Mantra

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday said that the ECB would continue to hike rates and that monetary policymakers would do what is necessary to return inflation to its 2% target.

ECB Insight: Jockeying of Hawks Only Underscores Growing Likelihood of Council Rift

By David Barwick – FRANKFURT (Econostream) – The new year does not appear to have brought any change in European Central Bank Governing Council hawks’ ability to dominate the public discourse, even if their recent comments don’t offer policy insight as much as they reflect the risen probability of a greater split in the ranks down the road.

ECB’s Knot: Rates to Rise at ‘a Constant Pace of Multiple 50bp Hikes’

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot suggested on Thursday that he saw the ECB hiking by 50bp in March as well.

ECB’s Lagarde Promises to ‘Stay the Course’ on Rate Hikes to Fight ‘Far Too High’ Inflation

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that the ECB would stay the course on rate hikes and was determined to return inflation to 2% in a timely manner.

Bundesbank Board Member Mauderer: Not All ‘Doom and Gloom’; Weak Euro a ‘Buffer’ for Germany

By Xavier D’Arcy – FRANKFURT (Econostream) – Deutsche Bundesbank board member Sabine Mauderer said on Wednesday that despite pessimistic business expectations and elevated inflation, it was not all ‘doom and gloom’ for the German economy.

ECB’s Villeroy: Encouraging Signs on Inflation, But Fight Not Over

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that there were optimistic indications with respect to inflation, but that the ECB’s efforts to regain control were not at an end yet.

CEEMEA Exclusive: Poland DMO Head: Yen Bonds Likely, See Lack of Demand for Linkers

- Poland DMO head: International markets ‘not critical source of funding’ for Poland
- Poland DMO head: See ‘clear need’ to be present in Japan
- Poland DMO head: Resolution of EU funds dispute would be desirable for debt management
- Poland DMO head: Negative CJEU outcome could be ‘black swan’ for Polish bonds

ECB Insight: Lane Got it ‘Fundamentally’ Right, Or So He Says

By David Barwick – FRANKFURT (Econostream) – How satisfying to look back at an extraordinarily challenging time and be able to confirm that even a pea soup fog of uncertainty didn’t prevent one from acting unerringly. That’s the fortuitous position European Central Bank Executive Board member Philip Lane appears to be in, based on his interview Tuesday with the Financial Times.

ECB’s Centeno: No Sign of Second-Round Effects or Significant Wage Pressures in Euro Area

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno said Tuesday that there is currently no sign of second-round inflation effects in the euro area.

ECB’s Lane: Must Keep Open Mind on Appropriate Level of Interest Rates, But Can Hike Further for Now

By David Barwick – FRANKFURT (Econostream) – The European Central Bank has to be open-minded in deciding where interest rates need to be, but at the moment has to tighten monetary policy further, ECB Executive Board member Philip Lane said Tuesday.

ECB’s Villeroy: Good News on Growth Gives ECB Means to Hike

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Francois Villeroy de Galhau said on Tuesday that good news on growth would help the ECB hike its key interest rates.

ECB Insight: Rehn Sounds Hawkish, But Not Unreservedly So

By David Barwick – FRANKFURT (Econostream) – At first glance, European Central Bank Governing Council member Olli Rehn’s comments on Monday appear to be hawkish. On a second look, a degree of reservation stands out.

ECB’s Rehn: Need Significant Rate Hikes in Coming Meetings to Restore Price Stability

By David Barwick – FRANKFURT (Econostream) – The European Central Bank must hike official interest rates significantly at its coming monetary policy meetings, ECB Governing Council member Olli Rehn said on Monday.

ECB’s de Cos: To Tighten Significantly Further by Hiking at a Sustained Pace

By David Barwick – FRANKFURT (Econostream) – The European Central Bank expects to implement further significant monetary policy tightening by hiking at a sustained pace, Governing Council member Pablo Hernández de Cos repeated Tuesday.

ECB’s Villeroy: Interest Rates at Neutral Levels, Will Have to Go ‘a Bit Further’

ECB’s Villeroy: Interest Rates at Neutral Levels, Will Have to Go ‘A Bit Further’

ECB Hawk-Dove Ranking: Croatia’s Vujčić Joins Governing Council

ECB’s Kazāks: Rate Cuts in 2023 ‘Not Likely’, Given Macroeconomic Outlook

By David Barwick – FRANKFURT (Econostream) – The European Central Bank is unlikely to reverse the current policy tightening cycle before the end of the year, according to ECB Governing Council member Mārtiņš Kazāks on Friday.

ECB: Consumer Expectations of Inflation in One Year and Three Years Down

By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s consumer expectations survey, released Thursday for the fifth time, showed the trend of previous months being bucked as expectations in November of inflation in one year as well as three years ahead declined.

Exclusive: ECB Insider: Stronger-than-Expected Eurozone Economy Favours Council Hawks

- ECB insider: Easier to hike interest rates when labour markets are holding up well

ECB’s Stournaras: Rates to Rise Until Signs of Lower Inflation Become Certainty of Return to 2%

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Thursday said that official borrowing costs would increase until incipient indications of weaker inflation were confirmed and a return to price stability was ensured.