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ECB’s Nagel: Rates Lift-Off Could Occur This Year if Asset Purchases End as Foreseen

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.

ECB’s Centeno: Guided by Data, ‘Final Decision’ by ECB on When to End Asset Purchases Still Open

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.

ECB Insight: ‘Some Time After’ Without Hidden Meaning, Econostream Understands

By David Barwick – FRANKFURT (Econostream) – There was no secret motive behind the recent change in wording of the European Central Bank’s forward guidance, Econostream understands.

German Bundesbank Warns of Noticeable Economic Fallout from Russian Invasion of Ukraine

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.

ECB Brief: De Guindos Sees Higher Inflation for Longer; Wages and Expectations Critical

ECB’s de Guindos: Inflation Likely to Remain Higher for Longer Than Expected Pre-War

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.

They Said it - Recent Monetary Policy Comments Made by ECB Governing Council Members

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.

ECB Insight: When Visco Says ECB Not Behind the Curve, Alarm Bells Should Ring

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco on Thursday said that the ECB was not behind the curve. Coming from him, the ECB might want to reconsider whether it is at heightened risk of this happening.

ECB Insight: Subtle Signs of Inflation Pessimism from ECB President Lagarde

By David Barwick – FRANKFURT (Econostream) – A close look at European Central Bank President Christine Lagarde’s comments on Thursday suggests, albeit subtly, somewhat more pessimism about inflation than just a week previously.

ECB Insight: For Knot, War no Inflation Game-Changer, But One More Reason to Worry

By David Barwick – FRANKFURT (Econostream) – Russia’s invasion of Ukraine is no reason to think medium-term inflation prospects in the euro area have become less worrisome, European Central Bank Governing Council member Klaas Knot implicitly suggested on Thursday.

ECB’s Knot: Biggest Job for Monetary Policy in Next Years May Be Keeping High Inflation Under Control

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.

ECB’s de Guindos: Even in Most Severe Scenario, Europe Not Going into Recession

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.

ECB’s Centeno: Conditions for Rate Lift-Off Not Yet Satisfied

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.

ECB Insight: Ukrainian Refugees’ Job Market Impact Seen as Limited; Consumption Effect Bigger

By David Barwick – FRANKFURT (Econostream) – Some 2.5 million Ukrainian refugees have entered the EU in the last few weeks as a result of Russian military aggression, but this is so far seen by the ECB as being of limited relevance for labour market developments, Econostream understands.

ECB’s Lagarde: 3Q Asset Purchases to Be Data-Dependent and Reflect the Outlook

ECB’s Lagarde: 3Q Asset Purchases to Be Data-Dependent and Reflect the Outlook

ECB’s de Cos: Russian Invasion Could Raise or Lower Mid-Term Inflationary Pressures

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.

ECB Hawk-Dove Ranking: Scicluna No Longer Ranked Among the Doves

ECB Insight: Renewal of TLTROs Still to Be Discussed, But Looking Less Likely

By David Barwick – FRANKFURT (Econostream) – The days of the targeted longer-term refinancing operations (TLTROs) of the European Central Bank seem likely to be numbered, Econostream understands.

They Said it - Recent Monetary Policy Comments Made by ECB Governing Council Members

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.

ECB’s Villeroy: Even Under Severe Scenario, See French 2022 GDP Growth at 2.8%

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%.