By David Barwick and Marta Vilar – FRANKFURT (Econostream) – Although one large investment bank recently saw fit to change its call for the European Central Bank Governing Council’s 12 December monetary policy meeting from 25bp to 50bp, at Econostream we see little reason to doubt our expectation that the smaller option will prevail next week.
4 December 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Wednesday said that the ECB would reach its 2% inflation target no later than the middle of next year.
4 December 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Robert Holzmann said on Tuesday that the ECB’s interest rate move next week would be ‘moderate’.
3 December 2024
By Marta Vilar – BARCELONA (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Tuesday that Europe would need a fair amount of resources to grow sustainably and be strategically independent.
3 December 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Olli Rehn on Monday said that there were grounds for the ECB to lower borrowing costs further this month.
2 December 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Monday said that the ECB would further cut interest rates this month.
2 December 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Christodoulos Patsalides on Monday said that disinflation was proceeding well but that services inflation was still an issue.
2 December 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Philip Lane on Monday said that the ECB Governing Council would react symmetrically to threats of undershooting and overshooting its inflation target.
2 December 2024
By Marta Vilar – S’AGARÓ, SPAIN (Econostream) – European Central Bank Vice President Luis de Guindos said on Friday that the December monetary policy meeting of the ECB Governing Council would deliver just ‘one more step’ on the downward trajectory of interest rates.
29 November 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Yannis Stournaras on Friday said that a 25bp cut was the most probable outcome of the ECB’s next monetary policy meeting.
29 November 2024
By Marta Vilar – S’AGARÓ, SPAIN (Econostream) – European Central Bank Vice President Luis de Guindos said on Friday that the latest Eurozone CPI data were positive and consistent with the ECB’s projections.
29 November 2024
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