By Marta Vilar – MADRID (Econostream) – Some of the challenges facing the euro area’s external competitiveness, which have resulted in a gradual decline in its market share in global trade, might persist, according to a section of the Economic Bulletin prereleased by the European Central Bank on Monday.
23 September 2024
By Isabel Teles – FRANKFURT (Econostream) – The historical difference in productivity growth between the euro area and the United States can be attributed to both cyclical and structural components, according to a section of the Economic Bulletin pre-released Monday by the European Central Bank.
23 September 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde admitted on Friday that the ECB had made a mistake by considering inflation to be transitory after the 2022 energy shock.
20 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Friday said that monetary policy frameworks needed be able to adapt to new economic challenges and uncertainty.
20 September 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Friday indicated that the US Federal Reserve’s decision this week to start cutting interest rates with a 50bp move had not led to significant reactions in terms of exchange rates or rate expectations.
20 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Vice President Luis de Guindos on Friday said that inflation developments were positive and that the ECB would leave all options open so as to base its next decisions on incoming data.
20 September 2024
By David Barwick – FRANKFURT (Econostream) – Observers of the European Central Bank who reacted with enthusiasm at the appearance of an interview with a member of its Executive Board – on this occasion Vice President Luis de Guindos, who spoke with Portuguese weekly Expresso – may have felt a tinge of disappointment to find no reference to the most interesting recent development of relevance, namely the US Federal Reserve’s decision two days ago to launch its easing cycle with a surprisingly large 50bp cut.
20 September 2024
By Marta Vilar – MADRID (Econostream) – The German economy will remain weak in Q3, likely registering stagnation or negative growth, and inflation will rise again in coming months, according to the German Bundesbank’s latest monthly report, published on Thursday.
19 September 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that he is optimistic that the new EU Comission will move forward to achieve a capital markets union.
19 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta on Thursday said that the southern Italian economy needed a boost to overcome the weakness of the global business cycle.
19 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Thursday said that undershooting the inflation target was currently the main risk faced by the ECB.
19 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Thursday said that provided that the disinflation process continued, market expectations of further ECB interest rate cuts were reasonable.
19 September 2024
By Marta Vilar – MADRID (Econostream) – Euro area wage growth may appear to be receding, based on a couple of important indicators that seem to point to a slowdown, but it would be premature for monetary policymakers to feel relief.
18 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the ECB should cut interest rates further.
18 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the process of monetary policy easing would not be as abrupt as the previous tightening.
18 September 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks stands ready to remain in his current post of Governor of Latvijas Banka when his first term comes to an end in three months – now the Latvian Parliament just has to agree to the idea.
18 September 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks said on Monday that he did not disagree with financial market expectations calling for interest rates to come down to 2.5% by mid-2025.
16 September 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that if incoming data continued to confirm the ECB's inflation projections, it would be appropriate to gradually reduce the level of monetary policy restrictiveness, but the speed of the process would remain open.
16 September 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Vice President Luis de Guindos said on Monday that the ECB will retain full optionality in its monetary policy, given high uncertainty.
16 September 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Peter Kažimír on Monday said that the latest rate cut should not be taken as a sign that the ECB would start making similar decisions every six weeks.
16 September 2024