Exclusive: ECB Insiders Seen Generally Tilting Towards 25BP, but Very Willing to Discuss 50BP
Exclusive: ECB Insiders Seen Generally Tilting Towards 25BP, but Very Willing to Discuss 50BP
25 April 2023 | Central Bank News
Latest News
ECB’s Lane: ‘Current Data Are Indicating That We Should Raise Rates Again’
By David Barwick – FRANKFURT (Econostream) – Available data make it appropriate that the European Central Bank Governing Council hike rates at its policy meeting next week, Executive Board member Philip Lane said Tuesday.
25 April 2023 | Central Bank News
Scant Evidence of Excess Demand Driving Eurozone Inflation, Visco Says
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco said on Tuesday that excess demand was not a key driver of inflation in the euro area, despite the unexpected strength of the economy.
25 April 2023 | Central Bank News
ECB’s Schnabel: Inflation Higher and Economy Stronger Than Projected, But Lending to Slow Further
By Xavier D’Arcy and David Barwick – FRANKFURT (Econostream) – The European Central Bank’s May policy decision will depend on data now showing inflation to be higher and the economy stronger than expected, but also likely to confirm a further slowdown of lending, according to ECB Executive Board member Isabel Schnabel on Monday.
24 April 2023 | Central Bank News
Reversal of Inflation Dynamics Not in Sight Despite Falling Headline Inflation, Bundesbank Says
By Xavier D’Arcy – FRANKFURT (Econostream) – A reversal in the dynamics of inflation in Germany is not yet in sight, despite falling headline numbers and easing producer prices, the Bundesbank said on Monday.
24 April 2023 | Central Bank News
ECB’s Panetta Warns of Permanently Higher Interest Rates Due to Geopolitics
By Xavier D’Arcy – FRANKFURT (Econostream) – Geopolitical developments could reverse the fall of the natural rate of interest, permanently driving up key interest rates across the globe, European Central Bank Executive Board member Fabio Panetta said on Monday.
24 April 2023 | Central Bank News
ECB’s Stournaras: ‘Close to the End’ of Hiking, ‘But We Will Still Have Increases’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Saturday reiterated that the ECB was close to but had not yet reached the end of the hiking cycle.
24 April 2023 | Central Bank News
ECB’s Wunsch: Second-Round Effects Visible, Need Inflation and Wages to Subside Before We Pause
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Monday said that second-round inflation effects were visible and that a pause in ECB tightening would require that wages, core inflation and headline inflation subside.
24 April 2023 | Central Bank News
Future ECB Rate Hikes Should Be Limited in Number and Size, Villeroy Says
By Xavier D’Arcy – FRANKFURT (Econostream) – There may be a need for further European Central Bank rate hikes, but these should be limited in number and in size, Governing Council member François Villeroy de Galhau said on Monday.
24 April 2023 | Central Bank News
ECB’s Makhlouf: ‘Too Early To Start Planning for a Pause in Our Tightening of Policy’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that the ECB had already significantly tightened its monetary policy but could not yet contemplate pausing in the hiking cycle.
24 April 2023 | Central Bank News
ECB’s Visco: Risk of Doing Too Much at Least as Large as Risk of Doing Too Little
By David Barwick – FRANKFURT (Econostream) – The risk of an over-tightening of European Central Bank monetary policy is at least as great as the risk of under-tightening, ECB Governing Council member Ignazio Visco said on Thursday.
20 April 2023 | Central Bank News
Fight Inflation Now To Face Less Painful Trade-Offs, ECB’s Vujčić Says
By Xavier D’Arcy – LJUBLJANA (Econostream) – The European Central Bank needs to bring inflation down sooner rather than later to avoid unnecessary economic hardship, ECB Governing Council member Boris Vujčić said on Thursday.
20 April 2023 | Central Bank News
ECB’s Knot: Latest Inflation Data to Determine Magnitude of May Rate Hike
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that the size of the ECB’s expected rate hike next month – 25 or 50 basis points - would depend on the newest inflation data available then.
20 April 2023 | Central Bank News
Eurozone Can Achieve Simultaneous Growth and Disinflation, ECB's Lane Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is projecting both significant growth and substantial disinflation because the projected paths for output, consumption and investment remain well below the pre-pandemic trends, ECB Chief Economist Philip Lane said on Wednesday.
19 April 2023 | Central Bank News
Exclusive: Transcript of Interview with ECB Governing Council member Wunsch on 15 April 2023
By David Barwick – WASHINGTON (Econostream) – Following is the full transcript of the interview conducted by Econostream on 15 April 2023 with Pierre Wunsch, Governor of the National Bank of Belgium and member of the Governing Council of the European Central Bank.
19 April 2023 | Central Bank News
Exclusive: ECB’s Wunsch: March's Banking Sector Turmoil Could Have Limited or No Monetary Policy Impact
By David Barwick – WASHINGTON (Econostream) – The turmoil that hit banking sectors in various global jurisdictions last month will not necessarily have any significant bearing on the monetary policy decision to be made by the European Central Bank in two weeks, according to ECB Governing Council member Pierre Wunsch.
19 April 2023 | Central Bank News
ECB’s Lagarde Warns of Impact of Fragmenting Global Economy on Inflation
By Xavier D’Arcy – FRANKFURT (Econostream) – The fragmentation of the global economy into two blocs between the US and China may impact supply elasticity and price stability, European Central Bank President Christine Lagarde said on Monday.
17 April 2023 | Central Bank News
Core Inflation To Peak Before Summer, ECB’s Nagel Says
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that he expected core inflation in the Eurozone to peak before the summer.
17 April 2023 | Central Bank News
We Have a Narrow Path To Avoid Hard Landing, ECB’s Lagarde Says
By Xavier D’Arcy – FRANKFURT (Econostream) – Monetary policymakers have a narrow path to navigate in order to engineer a soft landing, European Central Bank President Christine Lagarde said on Sunday.
16 April 2023 | Central Bank News
No Pause in May, ECB Must Hike by either 25BP or 50BP, Šimkus Says
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank cannot pause at its May meeting and should hike its key interest rates by either 25bp or 50bp, Governing Council member Gediminas Šimkus said on Sunday.
16 April 2023 | Central Bank News