ECB’s Lagarde: Geopolitical Landscape Is Fragmenting Into Rival Blocs
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Monday that the world was splitting into opposing blocs.
18 November 2024
Latest News
ECB’s Stournaras: ‘I Think 25BP Is an Optimal Reduction’ for December
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Yannis Stournaras said on Monday that it was ‘reasonable’ to expect a 25bp cut in December, as this would be an ‘optimal reduction’.
18 November 2024
ECB’s Lane: Our Rate Path Has Brought ‘Substantial and Timely Progress in Disinflation’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that the interest rate path of the ECB had succeeded in engineering disinflation in a timely manner and that the ECB had commenced tightening with more or less proper timing under circumstances of high uncertainty and imperfect knowledge.
18 November 2024
ECB’s Makhlouf Rejects 50BP Rate Cut in December; Would Take ‘Overwhelming’ Evidence
By David Barwick – DUBLIN (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that he would need a great deal of convincing to support a 50bp rate cut by the ECB at the upcoming monetary policy meeting.
18 November 2024
ECB’s Makhlouf: Job Not Done, But Nothing Likely to Go Wrong Now and No Need to Rush
By David Barwick – DUBLIN (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that while the ECB still needed to deal with inflation, it could do so without hurrying and with confidence that things were no longer likely to go awry.
18 November 2024
ECB’s de Guindos: Risks Shifted From Concerns on High Inflation to Fears Over Growth
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Monday that the balance of risks on the macroeconomic side had switched from worries about inflation being too high to concerns about the economy.
18 November 2024
ECB’s Nagel: May Be on Verge of 'Significant Escalation’ of Geoeconomic Fragmentation
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that the world might be close to ‘significant escalation’ of trade tensions, but central banks would be able to control the situation.
18 November 2024
ECB’s de Guindos: Consumption Is ‘Key Factor’ Behind Fragile Growth
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Saturday that the ECB had to discover why economic growth was so weak and consumption was part of the answer to that question.
16 November 2024
ECB’s Cipollone: Unnecessary Restrictiveness Could Have Transitory and Permanent Costs
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Piero Cipollone said on Friday that the ECB should be aware of both temporary and lasting economic consequences of an overly restrictive approach in its monetary policy.
15 November 2024
ECB’s Panetta: Dividing Economy ‘Into Rival Blocs Would Do More Harm Than Good’
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Friday that trying to divide the global economy into opposing blocs would be more detrimental than beneficial.
15 November 2024
ECB’s Schnabel: Short-Term Rates ‘Remain the Instrument of Choice in Most Circumstances’
By David Barwick – FRANKFURT (Econostream) – Central banks should prioritise measures that can be easily undone to react promptly to altered circumstances, implying the continued primacy of short-term rates, European Central Bank Executive Board member Isabel Schnabel said Thursday.
14 November 2024
ECB’s de Guindos: Focus On Medium Term ‘Much More Important’ Than Fine-Tuning
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Thursday that monetary policy should be driven by the focus on the medium term, not by the desire to fine-tune.
14 November 2024
ECB’s Villeroy: Trump’s Plans Risk Raising US Inflation, Lowering Global Growth
By Marta Vilar – MADRID (Econostream) - European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that US President-elect Donald Trump’s economic programme could bring inflation back to the US.
13 November 2024
ECB’s Nagel: Trump Tariffs Could Put German GDP in the Red Next Year
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that the German economy could take a hit of 1% in 2025 if US President-elect Donald Trump were to implement his tariff plans.
13 November 2024
ECB’s Lagarde: Time to Close the Global Climate Finance Gap
By David Barwick – FRANKFURT (Econostream) - European Central Bank President Christine Lagarde on Tuesday urged against the backdrop of the latest United Nations Climate Change Conference (COP) that the global climate finance gap be closed.
12 November 2024
ECB’s Stournaras: Interest Rates May Go to Around 2% as of Next September
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday suggested that euro area interest rates could be lowered to about 2% by the end of the third quarter of 2025.
11 November 2024
Ex-ECB’s de Cos Appointed General Manager of Bank for International Settlements
By David Barwick – FRANKFURT (Econostream) – The Bank for International Settlements (BIS) on Monday announced the appointment of former European Central Bank Governing Council member Pablo Hernández de Cos to the position of General Manager of the BIS.
11 November 2024
ECB’s Holzmann: A Cut in December is ‘Possible’, But Not Automatic
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council Robert Holzmann said on Monday that a cut in December was possible but not inevitable.
11 November 2024
ECB’s Lane: ‘Let’s Not Exaggerate the Impact of the Fed on the Euro Area’ After US Election
By Marta Vilar – ATHENS (Econostream) – European Central Bank Chief Economist Philip Lane said on Thursday that the potential influence of the Federal Reserve’s decisions on the ECB after Donald Trump’s victory in the US presidential election should not be overestimated.
7 November 2024
ECB’s Stournaras: TPI ‘Cannot Be Used in All Cases’, May Never Be Used
By Marta Vilar – ATHENS (Econostream) – European Central Bank Governing Council member Yannis Stournaras said on Thursday that the Transmission Protection Instrument ‘cannot be used in all cases’ and, in fact, might never be used.
7 November 2024