ECB’s de Guindos: ‘Euro Area Financial Stability Outlook Is Fragile’
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that the financial stability outlook was delicate.
17 October 2023
News
TRANSCRIPT: Interview with ECB Governing Council member Wunsch on 13 October 2023
By David Barwick – MARRAKECH, Morocco (Econostream) - Following is the full transcript of the interview conducted by Econostream on 13 October 2023 with Pierre Wunsch, Governor of the National Bank of Belgium and member of the Governing Council of the European Central Bank.
16 October 2023
Exclusive: ECB’s Wunsch: ‘We Don’t Want to Rock the Boat’; Assume We’ll Be Cautious in Changing PEPP
By David Barwick – MARRAKECH, Morocco (Econostream) – The European Central Bank is likely to approach with caution any decision to change its approach to the pandemic emergency purchase programme (PEPP), according to ECB Governing Council member Pierre Wunsch.
16 October 2023
ECB’s de Cos: Incoming Data Confirming Our Expectations of Inflation; Growth May Surprise Negatively
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pablo Hernández de Cos on Monday said that the latest data had been consistent with projections for inflation but had possibly been weaker than anticipated with respect to growth.
16 October 2023
ECB’s Lane: Can Normalise Policy ‘Only When We Are Sufficiently Confident’ Of Hitting Target
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that monetary policy normalisation required that the ECB first be sure enough of the restoration of price stability.
16 October 2023
ECB’s Nagel: 'Monetary Policy Will Have to Be Kept Tight for a While'
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Joachim Nagel on Saturday said that monetary policy had to remain tight to control inflation.
14 October 2023
ECB’s Lagarde: ECB Interest Rates to Stay Restrictive as Long as Necessary
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank President Christine Lagarde on Saturday said that ECB interest rates would remain high for as long as required to meet the inflation target.
14 October 2023
ECB’s Lagarde: Euro Area Inflation to Continue to Decrease to Near 2% in 2025
By David Barwick – MARRAKECH, Morocco (Econostream) – European Central Bank President Christine Lagarde on Saturday said that inflation should remain on a downward trend towards 2% in 2025.
14 October 2023
ECB’s Visco: No Intervention Needed Over Italian Rates
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Ignazio Visco on Friday said that there was no need for the ECB to intervene over Italian yields.
13 October 2023
ECB’s Knot: Restrictive Policies Remain Necessary
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday said that it would be necessary to maintain the current restrictive monetary policy stance to ensure monetary stability.
13 October 2023
ECB’s Lagarde: Ready to Do More if Necessary to Hit 2% Inflation Target
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank President Christine Lagarde on Friday said that the ECB was ready to take further action if necessary to get inflation back to target.
13 October 2023
Exclusive: ECB Insider: Italy at the Moment Is a Classical Situation Where the TPI Should Not Be Used
By David Barwick – MARRAKECH, Morocco (Econostream) – Rising Italian bond yields due to that country’s higher-than-expected projected budget deficit exemplify the circumstances under which it would be inappropriate for the European Central Bank to deploy its transmission protection instrument (TPI), in the view of a Eurosystem insider who spoke to Econostream recently.
13 October 2023
ECB’s Villeroy: Present Level of Interest Rates Appropriate
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the peak of core inflation in the euro area had passed and that current ECB rate levels were adequate.
12 October 2023
ECB’s Reinesch: Should Agree No Later Than December to Bring Forward End of PEPP Investments
By David Barwick – FRANKFURT (Econostream) – The European Central Bank should decide by the end of this year to accelerate the termination of investments under the pandemic emergency purchase programme (PEPP), according to ECB Governing Council member Gaston Reinesch.
12 October 2023
ECB’s Centeno Urges Keeping Current Monetary Policy Stance Until Inflation Comes Down
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Mário Centeno on Thursday said that the ECB would keep the current policy stance until it was clear that inflation was down.
12 October 2023
ECB’s Knot: Services Inflation Main Concern Right Now
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that domestic factors such as services inflation were now more concerning than external factors.
12 October 2023
ECB’s Centeno: Without Materialisation of Risks, Hiking Cycle Is Done
By Isabel Teles – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that further interest rate hikes would be unlikely if no new shocks occurred.
11 October 2023
ECB’s Villeroy Calls for ‘Fairer Seat at the Table’ for Emerging and Developing Economies
By David Barwick – MARRAKECH, Morocco (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that emerging markets should be more equitably represented in international financial institutions (IFIs), and that this meant revising IMF quotas.
11 October 2023
Exclusive: ECB’s Kazāks: May Not Need to Hike Further Unless Something Happens, But Uncertainty High
By David Barwick – MARRAKECH, Morocco (Econostream) – The European Central Bank may not need to increase borrowing costs further, even if the very high uncertainty now prevailing makes it impossible to say yet for sure that no more rate hikes will be needed, ECB Governing Council member Mārtiņš Kazāks said Wednesday.
11 October 2023
ECB’s Centeno: No Need to Jump From Objective to Objective
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Wednesday said that there was no need to rush to further adjustments of monetary policy instruments.
11 October 2023