By David Barwick – FRANKFURT (Econostream) - European Central Bank President Christine Lagarde on Friday said that the fragmentation of capital markets in Europe called for achieving Capital Markets Union (CMU) and proposed solutions to the various factors hindering progress toward this goal.
22 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Christodoulos Patsalides on Thursday said that the ECB should cut interest rates only gradually even with economic growth feeble.
21 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Yannis Stournaras said on Thursday that it could be time to think about removing from the ECB's Monetary Policy Statement the reference to interest rates being set at a ‘sufficiently restrictive’ level.
21 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Thursday that if US President-elect Donald Trump were to raise tariffs against Europe, the region's inflation wouldn’t suffer a big hit.
21 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta is nothing if not persistent. Dwindling hopes of egging his peers into an outsized rate cut next month seem merely to have motivated him to try another tack to engineer more accommodation.
21 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Wednesday that the central bank was not ‘almighty’ in tackling weak growth, which was the greatest risk for the moment.
20 November 2024
By Marta Vilar – ATHENS (Econostream) – Following is the full transcript of the interview conducted by Econostream on 8 November 2024 with Dimitris Tsakonas, Director General of the Greek Public Debt Management Agency:
20 November 2024
By Marta Vilar – ATHENS (Econostream) – An upgrade of Greece’s credit rating to investment grade by rating agency Moody’s could lead to €3-5 billion in additional demand for Greek debt, said Dimitris Tsakonas, Director General of the Public Debt Management Agency of the country.
20 November 2024
By David Barwick – FRANKFURT (Econostream) – German economic weakness is set to persist in the current quarter, the German Bundesbank said on Tuesday in its latest monthly report.
19 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Tuesday that the ECB should ease its monetary policy to neutral or accommodative territory ‘if necessary’.
19 November 2024
By Marta Vilar – MADRID (Econostream) – The European Central Bank Governing Council’s hitherto ironclad commitment to purely data-dependent communication devoid of forward guidance is showing first cracks.
19 November 2024
By Marta Vilar – MADRID (Econostream) – Two weeks after the US presidential election, the uncertainty underlying insiders’ previously hesitant comments about the impact of Donald Trump’s victory on the European Central Bank’s monetary policy stance remains, but policymakers are becoming increasingly outspoken.
19 November 2024
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is currently more likely than half a year ago to undershoot its target, but this is natural, ECB Governing Council member Boris Vujčić said Monday.
18 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday said he expected multiple consecutive ECB rate cuts.
18 November 2024
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
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
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
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
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
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