News


ECB’s Villeroy: Rate Cut in October ‘Very Likely’

ECB’s Villeroy: Rate Cut in October ‘Very Likely’

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Wednesday that a new interest rate cut was ‘very likely’ to emerge from next week's monetary policy meeting.

9 October 2024
ECB’s Nagel: ‘Inflation is Basically on the Retreat’

ECB’s Nagel: ‘Inflation is Basically on the Retreat’

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday said that despite the expected rebound of euro area inflation this quarter, inflation was essentially on the decline.

8 October 2024
ECB Insight: Policymakers Strangely Unmoved by Recent Oil Price Spike

ECB Insight: Policymakers Strangely Unmoved by Recent Oil Price Spike

By Marta Vilar – MADRID (Econostream) – As support mounts for an interest rate cut at the European Central Bank’s Governing Council meeting next week, policymakers appear oddly unfazed by the dramatic impact on oil prices of rising tensions in the Middle East.

8 October 2024
ECB Insight: Villeroy Punctures Lagarde’s Balloon of Strategic Ambiguity, Offers Clarity on October Cut

ECB Insight: Villeroy Punctures Lagarde’s Balloon of Strategic Ambiguity, Offers Clarity on October Cut

By David Barwick – FRANKFURT (Econostream) – Hours after our prediction one week ago that the European Central Bank’s Governing Council would cut interest rates in October, ECB President Christine Lagarde dropped what we and others considered a corroboratory hint. For those not fond of her strategic ambiguity, Council member François Villeroy de Galhau has now provided greater clarity.

7 October 2024