By David Barwick – FRANKFURT (Econostream) – Econostream has updated our hawk-dove ranking to take into account the passage of the last monetary policy meeting, so that the columns indicating voting status include only future meetings – as of today, 14 September, 26 October and 14 December.
28 July 2023
By David Barwick – LJUBLJANA (Econostream) – European Central Bank Governing Council member Madis Müller on Friday said that the ECB was confronting a changed situation in which the next monetary policy decisions were not as clear as they had been previously.
28 July 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Friday said that the ECB was not done after yesterday’s 25bp hike and that it should continue with a ‘firm step’ towards price stability.
28 July 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday said that it was difficult to imagine that the ECB would hike rates in September.
28 July 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that with monetary policy transmission requiring time, perseverance had become the principal virtue to govern coming policy decisions.
28 July 2023
By David Barwick – FRANKFURT (Econostream) – Prone though she may be to missteps, European Central Bank President Christine Lagarde got through Thursday’s post-Governing Council meeting press conference without any obvious and serious blunders, and in particular was merely misinterpreted by some to have said that the ECB had no more ground to cover.
28 July 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boštjan Vasle on Friday said that the stubbornly robust labour market posed a threat to core inflation.
28 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Friday that the fight against high inflation was not yet over in the Eurozone.
28 July 2023
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday left the evolution of monetary policy in the coming months entirely up to incoming data, except to make clear that a cut was not one of the options that stood a chance of being considered.
27 July 2023
By David Barwick – FRANKFURT (Econostream) – Yet again, the principal outcome of the European Central Bank’s Governing Council meeting this Thursday seems beyond dispute, given the lack of any obviously adequate reason to backtrack from the 25bp rate hike consistently signalled over the last weeks. It thus once more comes down to how the ECB frames its attitude toward policy decisions ahead.
25 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – In a further sign of rate hikes feeding through to the Eurozone economy, the European Central Bank’s latest Bank Lending Survey, released on Tuesday, showed demand for credit continuing to plummet.
25 July 2023
By David Barwick and Xavier D’Arcy – 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 15 June, but earlier comments can still be seen in versions up to that of 9 June .
24 July 2023
By David Barwick and Xavier D’Arcy – 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 15 June, but earlier comments can still be seen in versions up to that of 9 June .
19 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – A 25bp hike at next week’s European Central Bank meeting is a near certainty, ECB Governing Council member Joachim Nagel said on Wednesday.
19 July 2023
By David Barwick – VILNIUS (Econostream) - Following is the full transcript of the interview conducted by Econostream on 17 July with Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and member of the Governing Council of the European Central Bank:
19 July 2023
By David Barwick – VILNIUS (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Monday said that pending a careful examination of all pertinent factors, the ECB might want to consider the possibility early next year of picking up the pace of quantitative tightening with respect to its asset purchase programme (APP).
19 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank is close to its terminal rate, though might still have some tightening left to do, ECB Governing Council member Ignazio Visco said on Tuesday.
18 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The balance of risks to the monetary policy outlook is shifting and the European Central Bank should possibly start paying attention to the risk of overtightening, ECB Governing Council member Klaas Knot said on Tuesday.
18 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – There is a high probability that the European Central Bank will hike its key interest rates by another 25bp at its upcoming meeting, but any further hikes will be data-dependent, ECB Governing Council member Joachim Nagel said on Monday.
18 July 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – Disinflation in the Eurozone could occur faster than the European Central Bank currently expects, ECB Governing Council member Ignazio Visco said on Tuesday.
18 July 2023