News

ECB Insight: Villeroy Punctures Lagarde’s Balloon of Strategic Ambiguity, Offers Clarity on October Cut

By David Barwick – FRANKFURT (Econostream) – Hours after our prediction one week ago that the European Central Bank’s Governing Council would cut interest rates in October, ECB President Christine Lagarde dropped what we and others considered a corroboratory hint. For those not fond of her strategic ambiguity, Council member François Villeroy de Galhau has now provided greater clarity.

7 October 2024

ECB’s Villeroy: Should ‘Quite Probably’ Expect an October Rate Cut

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Monday confirmed that the Governing Council was likely to cut interest rates at its next monetary policy meeting

7 October 2024

ECB's Elderson Advocates Holding Greater Share of EU Supranational Bonds

By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Frank Elderson said on Friday that the ECB should consider holding a larger share of EU supranational bonds.

4 October 2024

ECB’s de Guindos: Inflation Data Were Positive, Growth Risks to the Downside

By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Friday that inflation had surprised positively lately while growth was still subject to downside risks.

4 October 2024

ECB’s Centeno: ‘We Did It, Inflation Is Under Control’

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Mário Centeno on Friday declared victory over inflation and pointed to the recent decrease in services inflation.

4 October 2024

ECB’s Centeno: Current State of Euro Area Economy Requires Rate Cut

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Mário Centeno said on Wednesday that the Eurozone’s sluggish economy needed another ECB rate cut to avoid undershooting inflation.

2 October 2024

ECB’s Schnabel: Sustainable Return to Inflation Target Becoming More Likely

By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Isabel Schnabel said on Wednesday that the ECB must not ignore the headwinds to growth and that a return of inflation to the 2% target was now more probable.

2 October 2024

Exclusive: Transcript: Interview with Spanish Treasury Director General Díaz on 26 September

By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on September 26 with Carla Díaz Álvarez de Toledo, director general of the Spanish Treasury.

2 October 2024

Exclusive: Spanish Debt Head Díaz: Would Consider New Green Bonds Once 2021 Bond Nears €20 Billion

- Díaz: Latest syndication had highest demand for inflation-linked bond in euro area
- Díaz: Comfortable with portfolio average life
- Díaz: Won’t adjust issuance programme to short-term changes in interest rates
- Díaz: We try to be very predictable; issuance strategy not opportunistic,
- Díaz: Bond buybacks not part of our regular toolkit

18 November 2024

ECB’s de Guindos: Risks to Growth Remain Tilted to the Downside

By Marta Vilar – RIGA (Econostream) – European Central Bank Vice President Luis de Guindos said on Wednesday that growth had been weaker than expected and that risks remained tilted to the downside.

2 October 2024

ECB’s Kazāks: Vital That Banks Take Calculated Risks and Not Just Avoid Risk

By David Barwick – RIGA (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks on Wednesday said that economic growth required risk-taking on the part of banks.

2 October 2024

ECB’s Rehn: Inflation Data Back Case to Cut Rates in October

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Olli Rehn said on Tuesday that recent inflation data supported the case for an ECB rate cut in October.

1 October 2024

ECB’s Nagel: Central Bank Bond Purchases Should Be Limited to Exceptional Circumstances

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Tuesday that the ECB should only significantly increase its balance sheet under exceptional circumstances.

1 October 2024

ECB’s de Guindos: Survey Data Helped Us Understand Likely Persistence of 2022 Inflation Shock

By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Tuesday that survey data provided important insights for the ECB, citing the inflation shock beginning in 2022 as an example.

1 October 2024

ECB’s Lagarde: October Meeting to Take into Account Greater Confidence on Inflation

By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde on Monday said that the ECB’s confidence about restoring price stability had strengthened lately and that this would factor into the Governing Council's rate decision in October.

30 September 2024

ECB Insight: In Which We Change Our October Call: Governing Council to Cut

By David Barwick – FRANKFURT (Econostream) – Last Thursday we outlined a path for the European Central Bank’s Governing Council to cut interest rates in October rather than wait until December. Still, an October cut was, we wrote, ‘no given yet, though the odds have clearly risen.’

30 September 2024

ECB’s Escrivá: We Might Already Be at Last Yard of Inflation

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member José Luis Escrivá said on Friday that the euro area might be very close to the end of high inflation.

27 September 2024

ECB’s Nagel: ‘Further Digitalisation Will Strengthen Our Economy’

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday spoke in favour of more digitalisation while also urging that the associated risks be kept in mind.

27 September 2024

ECB's Cipollone: Must Be Careful That Foreign CBDCs Don't Undermine Euro's International Role

By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Piero Cipollone said on Friday that Europe had to watch that foreign central bank digital currencies did not weaken the international importance of the euro.

27 September 2024

ECB’s Rehn: Disinflation on Track, Risks to Growth Outlook Tilted to the Downside

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council Olli Rehn said on Friday that disinflation was on track in the EU but that the recovery was frail.

27 September 2024