Exclusive: ECB Insider: ‘I’m Almost Sure’ That December Hike Will Be 50BP
Exclusive: ECB Insider: ‘I’m Almost Sure’ That December Hike Will Be 50BP
24 November 2022 | Central Bank News
Latest News
ECB’s Knot: Interest Rates to Go Beyond Neutral, to Discuss 2023 Balance Sheet Reduction
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that official interest rates would exceed neutrality and that the Council would next month discuss the reduction in 2023 of the ECB’s balance sheet.
24 November 2022 | Central Bank News
ECB’s Makhlouf: ‘Global Financial Markets Are Fraught with Risk’; Must Remain Vigilant
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Thursday said that financial markets around the world were susceptible to disruptions in the wake of global monetary policy tightening.
24 November 2022 | Central Bank News
Bundesbank: German Inflation Could Remain in Double Digits into 2023
By David Barwick – FRANKFURT (Econostream) – Double-digit inflation could persist in Germany into next year, the German Bundesbank said on Wednesday in its latest monthly report.
23 November 2022 | Central Bank News
ECB’s Rehn: Monetary Policy Has to Keep Expectations Anchored
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is likely to hike interest rates further and must keep expectations anchored, ECB Governing Council member Olli Rehn said on Tuesday.
22 November 2022 | Central Bank News
ECB’s Nagel: I’m Not Calling for a Rate Move of any Particular Size
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday reiterated his call for further decisive monetary policy action, but indicated that he was not seeking a December rate hike of a particular magnitude.
22 November 2022 | Central Bank News
ECB’s Holzmann: ‘No Signs that Core Inflation is Reducing’
By David Barwick – FRANKFURT (Econostream) – There is no indication that euro area core inflation is declining, according to European Central Bank Governing Council member Robert Holzmann said on Tuesday.
22 November 2022 | Central Bank News
ECB’s Lane: One Argument in Support of a 75BP Hike in December No Longer Applicable
By David Barwick – FRANKFURT (Econostream) – European Central Bank Chief Economist Philip Lane indicated Monday that one reason for preferring a 75bp rate hike in December was no longer valid.
21 November 2022 | Central Bank News
Exclusive: ECB’s Holzmann: If Things Stay Unchanged Between Now and Dec 15, I Would Go for 75BP
Exclusive: ECB’s Holzmann: If Things Stay Unchanged Between Now and Dec 15, I Would Go for 75BP
21 November 2022 | Central Bank News
ECB Insight: Knot, Dialling Rate Hike Rhetoric down a Notch, Borrows a QT Page from Villeroy
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot’s comments on Friday suggest that he may be backing down from his earlier enthusiasm for the possibility of a renewed 75bp rate hike in December.
21 November 2022 | Central Bank News
ECB Insight: Council Members’ Comments Suggest a Cautious Start to QT Start Doable in 1Q
By David Barwick – FRANKFURT (Econostream) – As the public discussion of the European Central Bank’s approach to quantitative tightening heats up, one can venture some guesses about what will materialise, based on Governing Council members’ contributions to that discussion.
21 November 2022 | Central Bank News
They Said It: Recent ECB Policymaker Comments on Quantitative Tightening
By David Barwick – FRANKFURT (Econostream) – To the reasonably complete compendium published here last Thursday of recent public comments by European Central Bank Governing Council members touching on the subject of quantitative tightening, we have added remarks made on Friday.
21 November 2022 | Central Bank News
ECB’s Vasle: Must Continue Normalising Monetary Policy; Rates to Become Restrictive
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Monday said that the ECB had to keep normalising monetary policy and that interest rates would be hiked to the point of being restrictive.
21 November 2022 | Central Bank News
ECB’s Knot: ‘We Have to Hang in There for Quite a Long Time’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday said that the terminal rate of the current ECB hiking cycle could not be known under the current circumstances, but that monetary authorities still had much to do.
18 November 2022 | Central Bank News
ECB’s Knot: Policy Must Turn Restrictive; Should ‘Test the Waters’ with QT Before Deciding Ultimate Pace
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday said that ECB monetary policy had to become restrictive in order to slow demand and called for quantitative tightening to start early but be cautious.
18 November 2022 | Central Bank News
ECB Insight: Nagel, Though Hawkish as Usual, Sticks to the Beaten Path
By David Barwick – FRANKFURT (Econostream) – The speech made Friday afternoon by European Central Bank Governing Council member Joachim Nagel ultimately offered little to guide ECB watchers.
18 November 2022 | Central Bank News
ECB’s Nagel: Need Further Decisive Steps; Mustn’t Be Lulled Too Quickly into Letting up
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday called for additional decisive monetary policy action, saying that initial unclear indications of lower price pressures shouldn’t lull the ECB into relaxing.
18 November 2022 | Central Bank News
ECB Insight: Lagarde Excludes Full-Bore Approach to QT, Stressing Primacy of Interest Rates
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
ECB’s Lagarde: Appropriate to Normalise Balance Sheet in Measured, Predictable Way
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
ECB’s Lane: Would Be a Major Failure by Us if Households Expected Inflation to Remain High
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