By David Barwick – FRANKFURT (Econostream) – The financial stability situation of the euro area has worsened again, the European Central Bank said on Wednesday.
16 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday repeated his assertion that the ECB could potentially slow the pace of policy tightening after reaching a normalisation range in December.
16 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Wednesday said that slower economic growth by itself would not be sufficient to restore euro area price stability.
16 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank should start running off the bonds acquired under QE only after markets have absorbed significant TLTRO repayments, Governing Council member Pablo Hernández de Cos said Wednesday.
16 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank still needs to hike rates, but there are reasons to think that it can do so at a slower pace than to date, ECB Governing Council member Ignazio Visco said Wednesday.
16 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Wednesday repeated the warning that the economic cost of monetary policy inaction in the face of high inflation would be greater than the cost associated with higher interest rates.
16 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Tighter financial conditions increase the risk posed by financial vulnerabilities of sovereigns, households and companies, European Central Bank Vice President Luis de Guindos said Wednesday.
16 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will deliver on its price stability mandate, Governing Council member Pablo Hernández de Cos said Wednesday.
16 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Tuesday confirmed that interest rates would rise further, with any recession not clearly going to have a significant impact per se on inflation.
15 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that indications of a turnaround in US core and headline inflation were a welcome development on both sides of the Atlantic.
15 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – In a speech in Tokyo on Tuesday, European Central Bank Governing Council member François Villeroy de Galhau cautioned observers of ECB monetary policy against expecting ‘jumbo rate hikes’ to become a habit.
15 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Tuesday warned that quantitative tightening could, depending on the degree, have profoundly negative financial stability and economic consequences.
15 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will set forth in December the key principles of its approach to reducing the size of its balance sheet, Vice President Luis de Guindos said Monday.
14 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Monday said that monetary policy had to proceed carefully, lest too much tightening caused a permanent output decline, but accepted the need to withdraw accommodation and did not exclude moving into restrictive territory.
14 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Tuesday said that decisions about rate hikes should take into account factors including the probability of recession.
14 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that he would support more ECB interest rate hikes.
11 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – Two days ago, we argued here that it seemed pointless to debate whether the European Central Bank’s communication has been setting the stage for what some call a pivot, so obvious has it been.
11 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday warned that the tightening of monetary policy globally posed risks to the stability of the financial system.
11 November 2022 Central Bank News
By David Barwick – VIENNA (Econostream) – The European Central Bank will continue to hike interest rates in December, but the magnitude of the hike remains completely open for now, Governing Council member Robert Holzmann said on Friday.
11 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday said that reinvestments of maturing assets did not correspond to the ECB’s general attempt to normalise monetary policy.
10 November 2022 Central Bank News