By David Barwick – FRANKFURT (Econostream) – Amid intense debate over monetary easing, the European Central Bank is in the midst of another shift: a wave of Governing Council turnover. At least two—more likely four to six—new members will join by 2026, with potential implications for policy dynamics.
17 July 2025
By Marta Vilar – MADRID (Econostream) – Following is a collection of views expressed by ECB Governing Council members on various topics of high relevance related to next week’s meeting and the further evolution of monetary policy:
16 July 2025
By Marta Vilar – MADRID (Econostream) – With just days to go before Mário Centeno’s term as Banco de Portugal governor officially ends, the government has yet to name a successor – a delay that makes it increasingly likely he will remain in place for next week’s ECB Governing Council meeting, and possibly even the one in September.
15 July 2025
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 14 July 2025 with Dimitar Radev, governor of the Bulgarian National Bank and - following Bulgaria's planned adoption of the euro on January 1, 2026 - soon-to-be European Central Bank Governing Council member.
15 July 2025
By Marta Vilar – MADRID (Econostream) – The bar for additional easing by the European Central Bank remains high, according to Dimitar Radev, governor of the Bulgarian National Bank and - following Bulgaria's planned adoption of the euro on January 1, 2026 - soon-to-be ECB Governing Council member.
15 July 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Tuesday urged a stable approach to the ECB’s monetary policymaking.
15 July 2025
By David Barwick – FRANKFURT (Econostream) – With less than a year until the next expected vacancy on the European Central Bank’s Executive Board—Vice President Luis de Guindos is due to depart at the end of May 2026— sets off a new round of openings, we continue our examination of policymakers with a credible shot not only at joining the Board, but at leading it.
14 July 2025
By David Barwick – FRANKFURT (Econostream) – We wrote in this space on 27 June that it was ‘appropriate to view a September cut — never a certainty — with less confidence than may have seemed justified three weeks ago.’ If at the time we tended to incline toward the view that the September cut could simply be delayed, we must now wonder whether there will be any further easing at all.
11 July 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Friday that if downside growth risks added to existing disinflation, the ECB would have to cut interest rates further.
11 July 2025
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – Following is the full transcript of the interview conducted by Econostream on 09 July with Isabel Schnabel, member of the Executive Board of the European Central Bank:
11 July 2025
By Marta Vilar and David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Wednesday firmly rejected calls for further monetary policy easing in the euro area and downplayed concerns about the euro’s exchange rate strength.
11 July 2025
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 3 July 2025 with Esther Finnbogadóttir, head of funding and debt management of the Icelandic Ministry of Finance.
10 July 2025
By Marta Vilar – MADRID (Econostream) – The Ministry of Finance of Iceland could issue the 2044 bond it announced in Q4, according to its Head of Funding and Debt Management, Esther Finnbogadóttir.
10 July 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Robert Holzmann said on Wednesday that there was no reason to cut interest rates again in 2025.
9 July 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that it would not be appropriate for policymakers to promise or exclude further easing.
9 July 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Wednesday that he hoped the euro would stabilise and that its strength would have no additional negative impact.
9 July 2025
By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s June rate cut was intended to prevent temporary inflation undershooting from becoming more lasting, ECB Executive Board member Philip Lane said Wednesday, adding that high uncertainty continued to call for a data-dependent, meeting-by-meeting approach.
9 July 2025
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Boris Vujčić said on Tuesday that incoming data would determine if the ECB had to lower rates further or if it would be better off keeping them at current levels.
8 July 2025
By David Barwick - TALLINN (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday said that it was important that Germany not lose sight of the need for sustainable fiscal developments.
7 July 2025
By David Barwick – FRANKFURT (Econostream) – With less than a year to go until the next anticipated vacancy on the European Central Bank’s Executive Board—Vice President Luis de Guindos is set to depart at the end of May 2026—we consider it timely to examine some of the policymakers regarded as potential Board candidates.
7 July 2025