By David Barwick – FRANKFURT (Econostream) – Comments made by European Central Bank President Christine Lagarde on Friday effectively excluded a full-throated initial approach to unwinding the ECB’s balance sheet.
18 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday indicated that normalisation of the ECB’s balance sheet would take place cautiously and gradually, and would be subordinate to interest rates in determining the stance of monetary policy.
18 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will have failed in a big way if consumers saw inflation staying as elevated as it is now, ECB Chief Economist Philip Lane said Thursday.
17 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday noted the recent failure of the dollar to continue strengthening.
17 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – We have assembled below a reasonably complete compendium of all recent public comments by European Central Bank Governing Council members touching on the subject of quantitative tightening, favouring direct quotes where possible.
17 November 2022 Central Bank News
By David Barwick – FRANKFURT (Econostream) – It is critical that the European Central Bank keep inflation expectations under control, ECB Governing Council member Olli Rehn said on Thursday.
17 November 2022 Central Bank News
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