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ECB Insight: Doves on the Defensive as ECB Sentiment Shifts

ECB Insight: Doves on the Defensive as ECB Sentiment Shifts

By David Barwick – FRANKFURT (Econostream) – In contrast to comments of European Central Bank Governing Council member Mārtiņš Kazāks published earlier Friday, subsequent interventions today by his French and Finnish counterparts – François Villeroy de Galhau and Olli Rehn – added little new insight into the current ECB policy outlook.

25 July 2025 Central Bank News
ECB Insight: From Dovish to Doubtful – Kazāks Clouds September Outlook Further

ECB Insight: From Dovish to Doubtful – Kazāks Clouds September Outlook Further

By David Barwick – FRANKFURT (Econostream) – In our 6 June interview , European Central Bank Governing Council member Mārtiņš Kazāks appeared to envisage not just one, but at least two more rate cuts. His comments today make clear that this is no longer the case, and strongly support scepticism that there will be further easing seven weeks from now.

25 July 2025 Central Bank News
ECB Holds Interest Rates at 2%, As Expected

ECB Holds Interest Rates at 2%, As Expected

By Marta Vilar – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided to keep its key interest rates unchanged, as widely expected by markets and analysts.

24 July 2025 Central Bank News
Exclusive: New Zealand Treasury Debt Management Chief: Green Issuance to Focus on Existing 2034 Bond

Exclusive: New Zealand Treasury Debt Management Chief: Green Issuance to Focus on Existing 2034 Bond

- Kim Martin, NZ Debt Mgmt Chief of Treasury: Timing of two more taps of NZGB lines may not follow 2024 pattern
- Martin: Will issue new 2050 inflation-index bond before 30 June 2026
- Martin: Inflation linked bonds to remain part of our funding mix
- Martin: No reasons to diversify beyond our programme for long-dated issuance
- Martin: ‘A range of factors would need to align before we issued in other currencies’

21 July 2025 Debt Issuance News