By David Barwick – FRANKFURT (Econostream) – It is no surprise that on Thursday, the day French sovereign spreads surpassed Greece’s, European Central Bank Governing Council member François Villeroy de Galhau publicly reaffirmed his devotion to a more dovish monetary policy stance.
29 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Thursday said that countries acting together stood the best chance of rising to the challenge of the diverse structural changes underway.
28 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Thursday said that the ECB should cut at the next monetary policy meeting and leave itself the option to do so at subsequent ones as well.
28 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that disinflation in the euro area so far had been fast and fairly straightforward.
28 November 2024
By David Barwick – FRANKFURT (Econostream) – The European Central Bank may be able to cut interest rates further, but only gradually, according to Governing Council member Pierre Wunsch on Wednesday.
28 November 2024
By David Barwick – FRANKFURT (Econostream) - European Central Bank President Christine Lagarde on Thursday said that the impact on Europe of a trade war could be slightly inflationary on balance in the short run.
28 November 2024
By Marta Vilar – MADRID (Econostream) - European Central Bank Executive Board member Isabel Schnabel said on Wednesday that the ECB should be wary of cutting rates into accommodative territory.
27 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Tuesday said that the ECB would take interest rates towards a neutral level throughout the first half of next year.
26 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Tuesday that although the impact of US tariffs on European inflation might be insubstantial, that on long-term interest rates could be more considerable.
26 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Mário Centeno said on Tuesday that potential tariff hikes by the new Donald Trump administration were not positive for Europe.
26 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Tuesday that the indirect effect on inflation of potential tariff hikes could become more permanent.
26 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Monday said that he remained open-minded about how fast the ECB cut interest rates.
25 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Monday urged that monetary policy be eased gradually in view of multiple remaining upside risks to inflation.
25 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Philip Lane said on Monday that the ECB should stick to its current communication approach without guidance on the speed and size of interest rate cuts.
25 November 2024
By David Barwick and Marta Vilar – FRANKFURT (Econostream) - Like a leg straightening at the blow of a reflex hammer, markets reacted to Friday’s euro area PMI data by assuming that the stage was finally set for the European Central Bank to cut by 50bp next month. We think they are – yet again - assuming too much.
25 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Executive Board member Philip Lane said on Monday that the ECB should not maintain a restrictive monetary policy stance for too long lest it impact inflation and economic growth.
25 November 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Saturday that the decisions taken by the ECB are independent of those of the Fed.
23 November 2024
By Marta Vilar – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy said on Friday that economic activity in France was stronger than recent PMI data might suggest.
22 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Friday said that the ECB was evidently succeeding in getting inflation under control and that authorities were quite sure of durably restoring price stability earlier than projected in September.
22 November 2024
By Marta Vilar – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Friday that the latest PMI data were not surprising and confirmed the sluggish situation of the German economy.
22 November 2024