ECB’s Kazāks: ‘There’s No Urgent Need to Moves Rates’
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is in no rush to change its key interest rates, ECB Governing Council member Mārtiņš Kazāks said Friday.
25 July 2025
News
ECB Insight: Lagarde’s Strategic Ambiguity Continues — And So Might the Pause
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde struck a somewhat hawkish tone on Thursday, pointing to better-than-expected economic data, dismissing fears of undershooting, and repeatedly declining to encourage expectations of further easing.
24 July 2025
Portugal Appoints OECD's Álvaro Santos Pereira to Replace Centeno
By Marta Vilar – MADRID (Econostream) – The Portuguese government has appointed OECD Chief Economist Álvaro Santos Pereira as the next governor of Banco de Portugal, replacing Mário Centeno.
24 July 2025
ECB’s Lagarde: We Are ‘In a Good Place to Hold and to Watch How Risks Develop’
By Marta Vilar – FRANKFURT (Econostream) - European Central Bank President Christine Lagarde on Thursday said that the ECB was well positioned to maintain a wait-and-see attitude pending the evolution of the situation over the upcoming months.
24 July 2025
ECB Holds Interest Rates at 2%, As Expected
By Marta Vilar – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided to keep its key interest rates unchanged, as widely expected by markets and analysts.
24 July 2025
ECB Insight: Waiting for September Amid Trump’s Brinkmanship
By David Barwick – FRANKFURT (Econostream) – Our starting point in considering where the European Central Bank now stands is that we assign only limited weight to US President Donald Trump’s 12 July announcement.
22 July 2025
Portugal to Name Next Central Bank Governor Thursday, Centeno Still in the Running
By Marta Vilar – MADRID (Econostream) – The Portuguese government is set to name the next head of the Banco de Portugal governor following Thursday’s Council of Ministers meeting. While a reappointment of Governor Mário Centeno remains unlikely, it’s still a possibility.
21 July 2025
ECB Insight: As Banco de Portugal Decision Nears, ECB Role for Centeno Remains Remote
By David Barwick – FRANKFURT (Econostream) – With the question of Mário Centeno’s future at Banco de Portugal seemingly close to resolution, a new possibility looms: could he be headed for an even higher post on the ECB’s Executive Board?
21 July 2025
Transcript: Interview with New Zealand Treasury Debt Management Chief Kim Martin
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 18 July 2025 with Kim Martin, Chief of New Zealand Debt Management of the Treasury.
21 July 2025
Exclusive: New Zealand Treasury Debt Management Chief: Green Issuance to Focus on Existing 2034 Bond
- Kim Martin, NZ Debt Mgmt Chief of Treasury: Timing of two more taps of NZGB lines may not follow 2024 pattern
- Martin: Will issue new 2050 inflation-index bond before 30 June 2026
- Martin: Inflation linked bonds to remain part of our funding mix
- Martin: No reasons to diversify beyond our programme for long-dated issuance
- Martin: ‘A range of factors would need to align before we issued in other currencies’
ECB Insight: Policy Uncertainty Meets Wave of Turnover at Governing Council
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
ECB Comment Recap: Policymakers Signal Pause Now, Easing Bias Remains — But Not All on Board
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
ECB Insight: Centeno Waits, Lisbon Delays: The Uncertain Road to a Successor at Banco de Portugal
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
Transcript: Interview with Bulgarian National Bank Governor Dimitar Radev
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
Exclusive: Bulgarian National Bank’s Radev: Threshold for More ECB Rate Cuts ‘Should Remain High’
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
ECB’s Nagel: A ‘Steady Hand’ is Required in Monetary Policy
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
ECB Insight: Joachim Nagel— At Last, the Right German, but at the Wrong Time?
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
ECB Insight: Schnabel Casts Further Doubt on September Cut
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
ECB’s Panetta: Appropriate to Cut Rates Further if Downside Risks to Growth Strengthen Disinflation
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
Transcript: Interview with ECB Executive Board member Isabel Schnabel on 09 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