By Mariana Somensi – NICOSIA (Econostream) - Annual inflation in the euro area decreased to 5.2% in August, compared to 5.3% in July, whilst inflation excluding energy, food, alcohol and tobacco decreased to 5.3% from 5.5%, according to data released by Eurostat on Tuesday.
19 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau late Monday said interest rates would remain at 4% as long as necessary to restore price stability.
19 September 2023
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 14 September, but earlier comments can still be seen in versions up to that of 11 September .
18 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday indicated that he accepted last Thursday’s 25bp rate hike but warned that there was a risk of doing too much.
18 September 2023
By David Barwick – FRANKFURT (Econostream) – German headline and core inflation should continue to decelerate in the next months, but will remain supported by strong wage growth, the German Bundesbank said on Monday in its latest monthly report.
18 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said that the ECB might still have to hike rates.
18 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Friday said that with interest rates at their current level, the euro area could return to price stability before too long.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday warned against being complacent with regard to fiscal policy in an environment of higher interest rates.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday called on euro area government to better coordinate their fiscal policies with monetary policy so as to avoid contributing to inflation.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the ECB’s next monetary policy steps would depend on incoming economic and financial data.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB did not anticipate having to increase official borrowing costs in the near future.
15 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday had it both ways, suggesting by any reasonable interpretation that today’s dovish hike decided by the Governing Council could be the end of the tightening cycle, but at the same time stubbornly beating back the idea that the peak of euro area interest rates had definitively been reached.
14 September 2023
By Mariana Somensi – NICOSIA (Econostream) - The European Central Bank on Wednesday said that Italy's plans to impose an extraordinary tax on credit institutions could threaten the transmission of monetary policy.
13 September 2023
By David Barwick – FRANKFURT (Econostream) – In the run-up to the September 2022 monetary policy meeting of the European Central Bank’s Governing Council, we surmised with respect to the outcome that available evidence pointed to a 75bp hike ‘as a bit more probable on the basis of the number of supporters and the feebleness of the pushback.’
13 September 2023
By Mariana Somensi – NICOSIA (Econostream) - The European Central Bank announced on Wednesday the nomination of Deutsche Bundesbank Vice President Claudia Buch to be chair of the Supervisory Board charged with overseeing the area's private financial institutions.
13 September 2023
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that overall inflation had passed its peak in France, confirming the effectiveness of the ECB’s monetary policy.
12 September 2023
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 27 July, but earlier comments can still be seen in versions up to that of 24 July .
11 September 2023
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that a new framework to guide central banks and regulators on nature risk would let monetary authorities and supervisors take into account the degradation of nature in their mandate.
7 September 2023
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Governing Council member Klaas Knot on Thursday warned central banks and supervisors that nature-related financial risks are real and require urgent action.
7 September 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Wednesday said that the ECB was not done after yesterday’s 25bp hike and that it should continue with a ‘firm step’ towards price stability.
6 September 2023