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ECB’s Nagel: Europe Must Build Its Own Strength in Defense, Markets, and Finance

ECB’s Nagel: Europe Must Build Its Own Strength in Defense, Markets, and Finance

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Tuesday urged Europe to act decisively to strengthen its security and economic resilience, warning that the continent could otherwise become a “plaything of the major powers” in an increasingly power-based world order.

4 November 2025

Exclusives

Insights

ECB Insight: "Judgment Over Models" Meets the 2028 Projection Horizon

ECB Insight: "Judgment Over Models" Meets the 2028 Projection Horizon

By David Barwick – FRANKFURT (Econostream) – Following Thursday’s decision to leave interest rates alone, European Central Bank Governing Council policymakers wasted little time signaling that the December Eurosystem staff projections – the first to include 2028 inflation – should not be over-interpreted.

31 October 2025
ECB Insight: Lagarde Refreshes, Not Revises, the Message

ECB Insight: Lagarde Refreshes, Not Revises, the Message

By David Barwick – FRANKFURT (Econostream) – It was just as well that the European Central Bank on Thursday also decided to move to the next phase of the digital euro project, which to some degree filled the vacuum left by a monetary policy decision notably short on actual news.

30 October 2025
ECB Insight: The Non-Event, or Patience as Policy

ECB Insight: The Non-Event, or Patience as Policy

By David Barwick – FRANKFURT (Econostream) – The European Central Bank’s policy meeting looks set to be a deliberate non-event designed to blend seamlessly into a series of non-events: rates on hold, no pre-commitment, and the same disciplined message that has dominated for months. Optionality to be preserved, not exercised.

28 October 2025

ECB Tone Meter

Entire Governing Council

26 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 4 November 2025

ECB Tone Meter

Meeting Bias

ECB Governing Council Meeting