They Said It - Recent Comments of ECB Governing Council Members
They Said It - Recent Comments of ECB Governing Council Members
6 September 2023
News
ECB’s Knot: Next Week’s Decision up in the Air; Some Good Signs on Inflation Front
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Wednesday said that a September interest rate hike was possible but not certain, and that there were some positive signs with respect to inflation.
6 September 2023
ECB’s Villeroy: Policy Options Are Open, but Keeping Rates High Matters More Than Hiking Further
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the Council’s options were open at its meeting next week, but that with the peak of both core and overall inflation past, keeping interest rates high was more important than raising them further.
6 September 2023
ECB’s Nagel: ‘We Are Still Far From Meeting Our Inflation Target’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel late Tuesday said that the ECB was still far from having fulfilled its mandate and warned against assumptions that rate cuts would follow soon after the peak of the current tightening cycle had been reached.
6 September 2023
ECB's de Guindos: Action on CBDCs Necessary to Protect the Euro
By Mariana Somensi – NICOSIA (Econostream) - Europe cannot afford to remain passive while other jurisdictions move ahead in terms of central bank digital currencies (CBDCs), European Central Bank Vice President Luis de Guindos said on...
5 September 2023
ECB’s Schnabel: Prudential Supervision Must Take Into Account Climate Risks
By Mariana Somensi – NICOSIA (Econostream) - Climate-related and environmental risks (C&E risks) significantly increase financial risks and therefore warrant being taken into account by prudential supervision, ECB Executive Board member Isabel Schnabel said on Tuesday.
5 September 2023
ECB’s Knot for FSB: ‘Further Strains in Financial Markets Cannot Be Ruled Out in the Months Ahead’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday said that financial markets could experience additional stress in the coming months due to higher interest rates.
5 September 2023
ECB: Consumer Inflation Expectations Stable for Next 12 Months, Slightly Higher for Next Three Years
By Mariana Somensi – NICOSIA (Econostream) - The European Central Bank’s consumer expectation survey, released on Tuesday, showed median consumer inflation expectations for the next 12 months unchanged in July, while those for the next three years increased slightly.
5 September 2023
ECB’s Lane: Lower Goods and Services Inflation a ‘Welcome Development’
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Tuesday struck a generally positive tone on the latest euro area inflation developments, predicting continued easing of core readings and highlighting the reduced price pressures from goods and services.
5 September 2023
ECB Insight: If Not Quite Relaxed, Lane Sounds at Least Guardedly Optimistic About Inflation
By David Barwick – FRANKFURT (Econostream) – We suspect that Irish online news outlet The Currency tried to draw European Central Bank Executive Board member Philip Lane out more explicitly on the matter of what the ECB Governing Council might decide at its monetary policy meeting next week.
5 September 2023
ECB’s Panetta: To Report on Digital Euro Investigation Phase in October
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Monday said that the ECB’s work on a digital euro had progressed to the point at which the Governing Council would soon be faced with the decision to continue pursuing the project or not.
4 September 2023
ECB’s Lagarde: Decisive Action Has Been Paramount to Get Inflation Down
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Monday said that in the high-inflation environment of the last two years, decisive action by monetary policy has been crucial.
4 September 2023
ECB's Elderson: Banking Sector Must Deal With Climate-Related Litigation Risk
By Mariana Somensi – NICOSIA (Econostream) - European Central Bank Executive Board member Frank Elderson said on Monday that the banking sector must address the risks of climate- and environment-related litigation to avoid financial losses.
4 September 2023
ECB’s Centeno: Medium-Term Inflation Objective ‘Within Our Reach’ in Near Term
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Monday said that restoring price stability in the near term was within reach of monetary policy.
4 September 2023
They Said It - Recent Comments of ECB Governing Council Members
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 .
1 September 2023
Eurozone August Core HICP as Expected, Headline Inflation Slightly Above Estimates
By David Barwick - FRANKFURT (Econostream) - Annual euro area overall inflation in August came in at 5.3%, the same as in July, whilst inflation excluding energy, food, alcohol and tobacco also printed 5.3%, after 5.5% the previous month, according to the flash estimate of Eurostat on Thursday.
31 August 2023
ECB Insight: Schnabel Avoids Being Too Explicit, but Hawkish Tone Inescapable
By David Barwick – FRANKFURT (Econostream) – Not being the table-pounding sort, European Central Bank Executive Board member Isabel Schnabel prefers to articulate her policy preferences dressed in the more scholarly arguments typified by her speech on Thursday – from which we nonetheless draw the conclusion that she is leaning towards another rate hike next month.
31 August 2023
ECB’s Schnabel: Must Consider Full Risk Distribution; Fall in Real, Risk-Free Rates Could Thwart Us
By David Barwick – FRANKFURT (Econostream) – High uncertainty about the medium-term outlook means the European Central Bank has to consider the full distribution of risks, ECB Executive Board member Isabel Schnabel said Thursday.
31 August 2023
ECB’s Herodotou: Cyprus Economic Outlook Remains Positive, Monetary Policy to Reduce Inflation Further
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Thursday said that prospects for the economy of Cyprus were good and that high inflation would continue to subside as ECB monetary policy unfolded its impact.
31 August 2023
ECB’s de Guindos: Economic Slowdown Should Lead To Inflation Slowdown, but This Is Taking Time
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Thursday said that despite while the materialisation of downside economic risks was leading to visibly weaker activity, the downward impact from this on inflation was not showing up as readily.
31 August 2023