By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Tuesday warned that quantitative tightening could, depending on the degree, have profoundly negative financial stability and economic consequences.
15 November 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank will set forth in December the key principles of its approach to reducing the size of its balance sheet, Vice President Luis de Guindos said Monday.
14 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Fabio Panetta on Monday said that monetary policy had to proceed carefully, lest too much tightening caused a permanent output decline, but accepted the need to withdraw accommodation and did not exclude moving into restrictive territory.
14 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Constantinos Herodotou on Tuesday said that decisions about rate hikes should take into account factors including the probability of recession.
14 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday said that he would support more ECB interest rate hikes.
11 November 2022
By David Barwick – FRANKFURT (Econostream) – Two days ago, we argued here that it seemed pointless to debate whether the European Central Bank’s communication has been setting the stage for what some call a pivot, so obvious has it been.
11 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday warned that the tightening of monetary policy globally posed risks to the stability of the financial system.
11 November 2022
By David Barwick – VIENNA (Econostream) – The European Central Bank will continue to hike interest rates in December, but the magnitude of the hike remains completely open for now, Governing Council member Robert Holzmann said on Friday.
11 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Thursday said that reinvestments of maturing assets did not correspond to the ECB’s general attempt to normalise monetary policy.
10 November 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank cannot count on a possible euro area recession to do its job with respect to high inflation, according to ECB Executive Board member Isabel Schnabel on Thursday.
10 November 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank has to act pre-emptively in an environment featuring almost solely upside inflation risks, Governing Council member Peter Kažimír said Thursday.
10 November 2022
By David Barwick – FRANKFURT (Econostream) – Increased market rates in the wake of European Central Bank monetary policy tightening could also harbour risks for the banking sector, De Nederlandsche Bank Executive Board member Steven Maijoor said Thursday.
10 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the ECB would have hiked rates by the end of this year to around 2%, but would probably have to go further to deal with inflation.
10 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mario Centeno on Wednesday expressed the need to bring inflation under control as a means of limiting the toll on economic growth.
9 November 2022
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s consumer expectations survey, released Wednesday for the third time, showed a slight increase in September in expectations of inflation in one year, but no change in the corresponding measure for three years ahead.
9 November 2022
By David Barwick – FRANKFURT (Econostream) – Whether or not the European Central Bank executes a monetary policy pivot as early as December, it seems hardly a matter of debate that its communication has already been laying the groundwork for one to come sooner or later.
9 November 2022
By David Barwick – GENEVA (Econostream) – European Central Bank Governing Council member Pierre Wunsch on Tuesday said that the view of financial markets that real interest rates would have to approach zero could prove optimistic.
8 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Tuesday said that quantitative tightening in the euro area would start next year but would have to be approached cautiously.
8 November 2022
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday called for continued monetary policy tightening even if slower growth were a consequence.
8 November 2022
- Kazāks: ‘Discussion about the size of the step is appropriate and of course there will be one’
- Kazāks: December step size depends on economy and on whether we adjust other instruments
- Kazāks: Adjusting other instruments could improve policy transmission to all segments of economy
- Kazāks: ‘There is no need to take a pause at the turn of the year, we should continue hiking into next year’
- Kazāks: Any recession ‘likely to be relatively shallow and short-lived, and this would not lead to rate cuts’
- Kazāks: Situation ‘becoming more nuanced’, so natural that our discussions reflect greater ‘diversity of views’