By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde might be well advised to resist her usual instincts and refrain from seeking unanimous support for the rate cut we expect to emerge from this week’s Governing Council meeting.
15 October 2024
By Marta Vilar – The European Central Bank’s latest Bank Lending Survey, released on Tuesday, showed that recent interest rate cuts did not ease credit standards for loans to enterprises and consumer credit in the Eurozone in 3Q24.
15 October 2024
By Marta Vilar – MADRID (Econostream) – Faster disinflation and weaker economic growth are not the only arguments wielded by European Central Bank Governing Council members in support of a rate cut this week. Cracks in the area’s labour market are also increasingly cited by authorities wanting to ease monetary policy further.
14 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Monday that central banks should ensure interoperability in their CBDCs from the very beginning.
14 October 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Klaas Knot on Friday urged the complete implementation of Basel III banking standards and said that some additional modifications might be necessary in light of the turmoil among some banks in March 2023.
11 October 2024
By David Barwick and Marta Vilar – FRANKFURT (Econostream) – Right off the bat, we would like to note that we stick to the view that the European Central Bank’s Governing Council is more likely than not to cut interest rates by 25bp at its monetary policy meeting next week. Too many Council members have indicated too clearly that they favour this outcome, while too few have expressed opposition or even just uncertainty.
11 October 2024
By David Barwick – FRANKFURT (Econostream) – On a day like today, that so very German word Torschlusspanik might come to mind. Literally ‘gate-closing panic’, it refers to the fear of letting an important opportunity slip by at the last minute and is often used in the context of those worried that their marriageability is on the verge of expiration.
9 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Pierre Wunsch said on Wednesday that the impact of climate transition on r* and inflation was ‘uncertain’.
9 October 2024
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Christodoulos Patsalides on Wednesday said that the ECB could be able to cut rates this month but should consider all available information.
9 October 2024
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Pierre Wunsch said on Wednesday that despite the comments of his colleagues about a potential October cut, the decision was not yet taken.
9 October 2024