The market’s interest is focused on the critical meeting of the ECB’s board of directors next Thursday, September 8, as the pressures on the Central Bank to proceed with a significant – by 0.75% – increase in its key interest rate are increasing. According to the poll published today by the Reuters agency, about half […]
Tag: European Central Bank (ECB)
ECB survey: Consumers expect further increase in inflation
Consumers do not see an easing of inflationary pressures, instead expecting further strengthening in the long term, according to the results of the European Central Bank’s latest survey of consumer expectations. Average inflation expectations over the next 12 months were unchanged at 5.0%, while for the next three years they rose to 3.0% from 2.8% […]
ECB’s Centeno says against hasty decisions on inflation
European policymakers should avoid hasty measures in response to high inflation, which is expected to moderate over time and converge with the European Central Bank’s targets, ECB Governing Council member Mario Centeno said on Thursday . “We should be concerned and act – as consumers and as policymakers – about the inflation numbers we’ve seen. […]
The ECB sees inflation landing in 2024
By Leonidas Stergiou Two speeches and interviews by ECB officials days before the September 8 meeting put a brake on expectations of sharp interest rate hikes. The chief economist of the ECB, Philip Lane, from Spain and the Greek central banker and member of the d.s. of the ECB, Yannis Stournaras, from Austria, warned of […]
Villerois (EKT): The next rate hike must be ‘regular and predictable’
His opposition to the possibility of a giant rate hike by the ECB next week, which seems to be prevailing in recent hours in market estimates, was taken by French central banker Villeurat de Gallo, saying that the Bank’s next move should be “regular and predictable “. Eurozone inflation hit a new all-time high of […]
Goldman Sachs and BofA now see a giant 0.75% ECB rate hike
Goldman Sachs and Bank of America revised their forecasts for the European Central Bank’s interest rates today, estimating that a new surge in inflation will prompt its officials to respond aggressively. In particular, as Bloomberg reported, economists from both banks are now predicting that the ECB will raise interest rates by 75 basis points (0.75%) […]
Eurozone: New record of inflation at 9.1% in August, +11.1% in Greece
Inflation in the Eurozone continued its rally in August, surpassing analysts’ estimates with a new record high of 9.1% from 8.9% in July, according to the initial data released today by Eurostat. Analysts’ average estimates put the index at 9%. The jump in energy prices remains dizzying, with an annual rate of 38.3% in August […]
G. Stournaras for ECB: ‘There is no need to take very big steps’
The European Central Bank (ECB) should continue raising interest rates, but there is no need for a big move and the bank should instead take a prudent, cautious approach to normalizing its policy, the head of the Bank of Greece said on Tuesday, as reported by Reuters. The remarks are the first to go against […]
Nagel: We shouldn’t delay rate hikes because of recession fears
The European Central Bank must act decisively to contain inflation, Bundesbank chief Joachim Nagel said on Tuesday, following other officials who have called for a big rate hike next week, Reuters reports. The ECB raised interest rates by 50 basis points last month, and the only real question heading into September seems to be whether […]
What does the drop in Greek bonds mean for the economy?
By Tasos Dasopoulos Abstinence from the issuing activity of new bonds is imposed by the explosive atmosphere created by the expectation of the second increase in the interest rates of the euro prepared by the ECB for the meeting next Thursday. Statements on the need for a decisive stance by the ECB to contain galloping […]