By David Barwick – FRANKFURT (Econostream) – The opposition of Austrian National Bank Governor Robert Holzmann to the European Central Bank’s decision yesterday to cut interest rates by 25bp must have been somewhat of a surprise not just to a large number of his fellow Governing Council members, but to Holzmann himself.
7 June 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday said that the ECB was likely entering a period of reducing monetary policy restrictions after cutting interest rates by 25bp.
6 June 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde on Thursday succeeded in leaving even more uncertain than might have been expected the timing of any further interest rate cuts, though without undermining the idea that more monetary policy easing would be coming as the disinflation process continued and wages ultimately softened.
6 June 2024
By Isabel Teles – FRANKFURT (Econostream) – The European Central Bank’s Governing Council on Thursday decided to cut its key interest rates by 25bp, as widely expected by markets and analysts.
6 June 2024
By David Barwick – FRANKFURT (Econostream) – A July rate cut by the European Central Bank appears unlikely, given the need for the ECB to proceed with easing carefully and supported by data every step of the way, in the opinion of several insiders who spoke to Econostream very recently.
5 June 2024
By David Barwick – FRANKFURT (Econostream) – Much of what filled this space ahead of the 11 April monetary policy meeting of the European Central Bank Governing Council remains valid now, starting with the idea that, as we said at the time, ‘a first rate cut in June should be everyone’s central scenario.’
4 June 2024
By Isabel Teles – ROME (Econostream) – European Central Bank Governing Council member Fabio Panetta on Friday said that reducing interest rates quickly and gradually would be the best way to deal with macroeconomic uncertainty.
31 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – As monetary policy easing looms ever larger, risks to the economy remain, European Central Bank Governing Council member Boštjan Vasle said Monday.
31 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Friday said that the May inflation flash estimate of 2.6%, up from 2.4% in April, was not far from the expected inflation path.
31 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Thursday said that improving the current regulation on the capital markets union (CMU) should take priority over creating a new set of rules.
30 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Wednesday said that the looming ECB interest rate cut would not be strongly felt by French banks due to their diverse business model.
29 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – Following is the full transcript of the interview conducted by Econostream on 27 May 2024 with Janno Luurmees, who heads the Estonian State Treasury Department:
29 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – Estonia has concluded its Eurobond syndications for this year but has plans for a final T-bill auction in the autumn, according to Janno Luurmees, who heads the Estonian State Treasury Department.
29 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – The European Central Bank must stay data-dependent and should not switch to autopilot after its first rate cut in June, ECB Governing Council member Mārtiņš Kazāks said Wednesday.
29 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Tuesday said that interest rate decisions would benefit from the information available at the quarterly projection meetings, given the ECB's data-dependent approach.
28 May 2024
By Aurėja Bobelytė – VILNIUS (Econostream) – The European Central Bank‘s latest consumer expectations survey, released Tuesday, showed inflation expectations 12 months ahead to be at their lowest level in April in almost three years.
28 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member Mário Centeno on Tuesday said that people were already feeling the impact of monetary policy easing even before the ECB’s decision to cut interest rates.
28 May 2024
By David Barwick – VIENNA (Econostream) - Following is the transcript of a brief chat that took place on 27 May 2024 between Econostream and Robert Holzmann, Governor of the Austrian National Bank and member of the Governing Council of the European Central Bank, following the latter’s participation in a panel discussion.
28 May 2024
By David Barwick – VIENNA (Econostream) – European Central Bank Governing Council member Robert Holzmann on Monday said he would support a 25bp rate cut by the ECB next week in view of the likelihood of disinflation to continue in an environment of economic weakness.
28 May 2024
By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Executive Board member Isabel Schnabel on Tuesday said that quantitative easing (QE) exposed central bank to risks and needed to be used prudently if deployed outside the context of market turbulence.
28 May 2024