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ECB’s Herodotou: Bank Lending Survey Shows That Monetary Policy Is Restrictive

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Wednesday said that recent data made clear that the ECB’s monetary policy was in restrictive territory.

ECB To Reach Peak of Hiking Cycle in June or July, Centeno Says

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is close to the peak of its hiking cycle, which could be reached in either June or July, depending on economic conditions, ECB Governing Council member Mário Centeno said on Wednesday.

ECB’s de Cos: If High Inflation Persists, Likelihood of Additional Tightening Would Increase

By David Barwick – FRANKFURT (Econostream) – Were high inflation to prove yet stickier at the level of the euro area, that would make additional monetary tightening even likelier, European Central Bank Governing Council member Pablo Hernández de Cos said Wednesday.

ECB’s Lagarde Warns of Upside Inflation Risks, Expresses Concern on Wages

By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde warned on Wednesday of upside risks to the inflation outlook in the euro area.

ECB Not Going To Stop Hiking Soon, Still Has To Do More, Schnabel Says

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank still has more work to do to bring inflation back to target and does not expect to stop hiking in the immediate future, Executive Board member Isabel Schnabel said on Tuesday.

They Said It About Monetary Policy - Recent Comments of ECB Governing Council Members

By David Barwick – FRANKFURT (Econostream) – The following is an overview of key recent comments made by European Central Bank Governing Council members with respect to monetary policy. We include only comments made since the Governing Council meeting of 4 May, since which many Council members have not yet spoken publicly.

ECB Is Not Finished Yet and Has More Rate Hikes To Come, Nagel Says

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is not finished yet and is committed to further rate hikes, Governing Council member Joachim Nagel said on Tuesday.

ECB’s Kazāks: ‘We Still Have Quite Some Ground to Cover’

By David Barwick – FRANKFURT (Econostream) – The European Central needs to continue tightening monetary policy in the coming months, Governing Council member Mārtiņš Kazāks said Tuesday.

ECB’s Kažimír: September ‘Earliest Date To Answer How Effective Our Measures Are’

By David Barwick – FRANKFURT (Econostream) – The European Central Bank will have to continue to hike interest rates at each of the next two Governing Council monetary policy meetings if not beyond, Council member Peter Kažimír said Tuesday.

Decline in Core Inflation Could be Misleading Signal, ECB’s Lane Says

By Xavier D’Arcy – BERLIN (Econostream) – European Central Bank Executive Board member Philip Lane said on Tuesday that he expected core inflation to come down soon, but that this could be a misleading signal.

ECB Hawk-Dove Ranking: Council Becoming Less Hawkish

Still Momentum in Eurozone Food and Core Inflation, ECB’s Lane Says

By Xavier D’Arcy – BERLIN (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that there was still momentum in core and food inflation in the Eurozone.

ECB Should Keep Hiking Until Underlying Inflation Pressure Subsides, Knot Says

By Xavier D’Arcy – FRANKFURT (Econostream) - The European Central Bank needs to continue raising rates until underlying inflation pressures in the Eurozone have abated, Governing Council member Klaas Knot said on Sunday.

ECB Should Move Forward Cautiously, Visco Says

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank should proceed in its fight against inflation with caution, ECB Governing Council member Ignazio Visco said on Friday.

ECB Probably Has a Few More Hikes Left, Villeroy Says

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is likely to undertake further rate hikes at its upcoming meetings, ECB Governing Council member François Villeroy de Galhau said on Friday.

ECB Insight: More Ground to Cover, Says Lagarde, But Don’t Ask How Much

By David Barwick – FRANKFURT (Econostream) – The European Central Bank delivered more or less as expected on Thursday, opting to slow the pace of its tightening whilst making clear that, given the lack of a clear impact of higher borrowing costs on the real economy, this was not to be understood as the end of the hiking cycle.

ECB Insight: Default Option of 25BP Likely to Prevail as Data Fail to Meet Standard for 50BP

By David Barwick – FRANKFURT (Econostream) – Directly following the European Central Bank Governing Council’s last monetary policy meeting, we inclined to the opinion that another 50bp hike in May was somewhat likelier than the only other reasonable alternative of 25bp.

ECB Says Tightening in Access to Loans Points to ‘Persistent Weakening of Credit Dynamics’

By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s latest quarterly Bank Lending Survey, released on Tuesday, showed another strong decline in demand for credit and a significant tightening of financing conditions.

ECB’s de Cos: No Lack of Risks and Vulnerabilities Facing Global Banking System

By David Barwick – FRANKFURT (Econostream) – The global banking system confronts many challenges that argue against relaxing the regulatory framework, European Central Bank Governing Council member Pablo Hernández de Cos said Friday.

ECB Insight: Option of 25BP Hike Leads, but Tally of Council Underscores Risk of Surprise

By David Barwick – FRANKFURT (Econostream) – Under the European Central Bank’s data-dependent, meeting-by-meeting approach to setting monetary policy, the classification at a given moment of Governing Council members’ respective likelihood of supporting one option or another is subject to an obvious and big caveat.