By David Barwick – FRANKFURT (Econostream) – Directly following the European Central Bank Governing Council’s last monetary policy meeting, we inclined to the opinion that another 50bp hike in May was somewhat likelier than the only other reasonable alternative of 25bp.
2 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s latest quarterly Bank Lending Survey, released on Tuesday, showed another strong decline in demand for credit and a significant tightening of financing conditions.
2 May 2023
By David Barwick – FRANKFURT (Econostream) – The global banking system confronts many challenges that argue against relaxing the regulatory framework, European Central Bank Governing Council member Pablo Hernández de Cos said Friday.
28 April 2023
- Pre-meeting summary below of all ECB Governing Council members' policy views
27 April 2023
- ECB insider: Won’t be surprised if we hike by 25bp, but wouldn’t exclude another outcome
- ECB insider: Risk of doing too little currently still greater than the risk of doing too much
- ECB insider: Would require a ‘quite negative’ April inflation surprise for me to support 50bp
By David Barwick – FRANKFURT (Econostream) – Available data make it appropriate that the European Central Bank Governing Council hike rates at its policy meeting next week, Executive Board member Philip Lane said Tuesday.
25 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Ignazio Visco said on Tuesday that excess demand was not a key driver of inflation in the euro area, despite the unexpected strength of the economy.
25 April 2023
By Xavier D’Arcy and David Barwick – FRANKFURT (Econostream) – The European Central Bank’s May policy decision will depend on data now showing inflation to be higher and the economy stronger than expected, but also likely to confirm a further slowdown of lending, according to ECB Executive Board member Isabel Schnabel on Monday.
24 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – A reversal in the dynamics of inflation in Germany is not yet in sight, despite falling headline numbers and easing producer prices, the Bundesbank said on Monday.
24 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Geopolitical developments could reverse the fall of the natural rate of interest, permanently driving up key interest rates across the globe, European Central Bank Executive Board member Fabio Panetta said on Monday.
24 April 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Saturday reiterated that the ECB was close to but had not yet reached the end of the hiking cycle.
24 April 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Monday said that second-round inflation effects were visible and that a pause in ECB tightening would require that wages, core inflation and headline inflation subside.
24 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – There may be a need for further European Central Bank rate hikes, but these should be limited in number and in size, Governing Council member François Villeroy de Galhau said on Monday.
24 April 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that the ECB had already significantly tightened its monetary policy but could not yet contemplate pausing in the hiking cycle.
24 April 2023
By David Barwick – FRANKFURT (Econostream) – The risk of an over-tightening of European Central Bank monetary policy is at least as great as the risk of under-tightening, ECB Governing Council member Ignazio Visco said on Thursday.
20 April 2023
By Xavier D’Arcy – LJUBLJANA (Econostream) – The European Central Bank needs to bring inflation down sooner rather than later to avoid unnecessary economic hardship, ECB Governing Council member Boris Vujčić said on Thursday.
20 April 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that the size of the ECB’s expected rate hike next month – 25 or 50 basis points - would depend on the newest inflation data available then.
20 April 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is projecting both significant growth and substantial disinflation because the projected paths for output, consumption and investment remain well below the pre-pandemic trends, ECB Chief Economist Philip Lane said on Wednesday.
19 April 2023
By David Barwick – WASHINGTON (Econostream) – Following is the full transcript of the interview conducted by Econostream on 15 April 2023 with Pierre Wunsch, Governor of the National Bank of Belgium and member of the Governing Council of the European Central Bank.
19 April 2023
By David Barwick – WASHINGTON (Econostream) – The turmoil that hit banking sectors in various global jurisdictions last month will not necessarily have any significant bearing on the monetary policy decision to be made by the European Central Bank in two weeks, according to ECB Governing Council member Pierre Wunsch.
19 April 2023