By David Barwick – FRANKFURT (Econostream) – The European Central Bank Governing Council appears headed for a series of rate cuts of 25bp each, with the question of whether these cuts should only occur in conjunction with projection meetings still very much up in the air.
19 March 2024
By David Barwick – FRANKFURT (Econostream) –European Central Bank monetary authorities should care no less about deviations of inflation below the ECB’s price stability target than they do about overshooting it, Governing Council member Pablo Hernández de Cos said Tuesday.
19 March 2024
By Isabel Teles – FRANKFURT (Econostream) – Supply side shocks have made a large contribution to core inflation in the euro area and are likely to continue to be relevant, according to findings presented in a research bulletin pre-release published Tuesday by the European Central Bank.
19 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that the ECB would be ready to discuss the reduction of interest rates in June, when more data and new projections would be available.
19 March 2024
By David Barwick – FRANKFURT (Econostream) – The following is an overview of recent comments made by European Central Bank Governing Council members. We include only comments made since the Governing Council meeting of 7 March, but earlier comments can still be seen in versions up to that of 4 March .
18 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Monday said that monetary policy easing could contribute to avoiding recession in the euro area.
18 March 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Sunday said that monetary policy easing could be anticipated to start soon and the month of June would be appropriate to begin.
17 March 2024
By Isabel Teles – LONDON (Econostream) – European Central Bank Executive Board member Philip Lane on Friday said that there was evidence showing that the euro area labour market was not as tight as compared to one year ago.
15 March 2024
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is likely to start cutting interest rates at the end of the second quarter if the latest information are consistent with current forecasts, according to ECB Governing Council member Gaston Reinesch.
15 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that the research commissioned by the German Bundesbank on the functioning of financial institutions during the National Socialist era would allow for a better understanding of the past.
15 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Friday said that there would be enough data to support a change to a less restrictive monetary policy stance by the time of the Governing Council meeting in June.
15 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Thursday said that ECB wanted to have more information before changing its monetary policy stance and that data available in June would make a change possible.
14 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Thursday said that the ECB’s monetary policy stance would not be impacted by the changes to the operational framework announced the previous day.
14 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that were still risks to the economic outlook and that it was not yet the moment to consider the fight against inflation won.
14 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday said that it was necessary to take time to ensure that the shift in the ECB’s monetary policy stance was done correctly.
14 March 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Thursday urged that the ECB start cutting interest rates.
14 March 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that he expected the Governing Council to decide to cut interest rates for the first time in June.
14 March 2024
By Isabel Teles – FRANKFURT (Econostream) – There minimum reserve requirements and the remuneration of minimum reserves would remain unchanged, according to a press release published Wednesday by the European Central Bank announcing changes to its operational framework.
13 March 2024
By Isabel Teles – FRANKFURT (Econostream) – The deposit facility rate (DFR) would remain the main tool of the European Central Bank’s monetary policy, according to a press release published Wednesday by the ECB announcing changes to its operational framework.
13 March 2024
By Isabel Teles – FRANKFURT (Econostream) – A mix of instruments including main refinancing operations (MROs), three-month longer-term refinancing operations (LTROs), and, in the future, structural longer-term credit operations and a structural portfolio of securities would be relied on to provide liquidity to the banking system, according to a press release published Wednesday by the European Central Bank announcing changes to its operational framework.
13 March 2024