By Xavier D’Arcy – FRANKFURT (Econostream) – Housing investment in the euro area has been less affected by monetary policy tightening than in the United States because mortgage markets are less indebted, leveraged and securitised, the ECB said on Wednesday.
17 May 2023
By Xavier D’Arcy – PARIS (Econostream) – Following is the full transcript of the interview conducted by Econostream on 03 May with Agence France Trésor Chief Executive Cyril Rousseau:
17 May 2023
- AFT's Rousseau sees ‘slightly higher demand’ for domestic inflation-linked products
- AFT's Rousseau: 10% inflation-linked target ‘not a fixed target but rather a soft one’
- AFT's Rousseau: ‘Don’t think de-anchoring is the main explanation’ for inflation swaps trading high
- AFT's Rousseau: Looks like resumption of money market activities by sovereigns ‘have not destabilised the market’
By Xavier D’Arcy – FRANKFURT (Econostream) – Lower-income households have suffered more from rising prices of late, but government support has alleviated some of the effects of the recent inflation surge, the European Central Bank said on Tuesday.
16 May 2023
By David Barwick – VIENNA (Econostream) – Following is the full transcript of the interview conducted by Econostream on 15 May 2023 with Robert Holzmann, Governor of the Austrian National Bank and member of the Governing Council of the European Central Bank:
16 May 2023
By David Barwick – VIENNA (Econostream) – The European Central Bank is hopefully heading for a terminal rate of somewhat above 4%, even if the smaller moves that are now likelier to characterise monetary tightening could imply hiking interest rates beyond the summer, according to ECB Governing Council member Robert Holzmann.
16 May 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Tuesday reiterated that the ECB was close to the end of the current monetary policy tightening phase.
16 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Governments, firms and social partners must support the European Central Bank in its pursuit of price stability, Governing Council member Joachim Nagel said on Monday.
15 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The economy should feel the biggest impact of the European Central Bank’s recent flurry of rate rises next year, the central bank said on Monday.
15 May 2023
By David Barwick – FRANKFURT (Econostream) – The European Central Bank may have to hike interest rates longer than expected to deal with the ongoing problem of increasing core inflation, ECB Governing Council member Peter Kažimír said Sunday.
14 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos said on Sunday that the ECB was in the final stretch of its tightening cycle.
14 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank needs to be cautious as it approaches its next monetary policy decisions, as monetary tightening is beginning to pose risks to the real economy, ECB Governing Council member Ignazio Visco said on Saturday.
13 May 2023
By David Barwick – FRANKFURT (Econostream) – The following is an overview of key recent comments made by European Central Bank Governing Council members with respect to monetary policy. We include only comments made since the Governing Council meeting of 4 May.
12 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank may need to continue increasing interest rates beyond the summer, Governing Council member Joachim Nagel said on Friday.
12 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – According to the European Central Bank’s latest Consumer Expectations Survey results, released on Thursday, euro area citizens’ perceptions of inflation climbed substantially in March.
11 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on 3 May with Markus Stix, Managing Director in charge of markets at the Austrian Treasury:
11 May 2023
- Austria plans ‘to tap 2049 green bond by €1bn via auction or syndication’
- Austria ‘will continue decreasing the maturity of our new issuance’
- Green CP programme demand split 50/50 USD and euro, 1m to 3m maturity
- Reintroduction of ECB ceiling has ‘no significant implications’ for Austria’
- April syndication order book saw lot of real money investors, fewer fast money accounts
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s fight against inflation is not over, ECB President Christine Lagarde said on Thursday.
11 May 2023
By David Barwick – FRANKFURT (Econostream) – The rapid change of the environment to one of high price pressures and increasing borrowing costs presents greater financial stability risks, European Central Bank Governing Council member Pablo Hernández de Cos said Thursday.
11 May 2023
By David Barwick – FRANKFURT (Econostream) – Inflation was still much too high, with underlying price pressures vexingly sticky, European Central Bank Governing Council member Olli Rehn said on Thursday.
11 May 2023