The Dutch central banker and member of the Board expressed the view that the European Central Bank must immediately tighten its monetary policy, possibly even front-loading because inflation may move even higher. of the Bank Klaas Not. “Rapid normalization of interest rates is an essential first move, while some forward-looking hike should not be ruled […]
Tag: European Central Bank (ECB)
Christine Lagarde: From crisis to crisis we become stronger
By Morgane Miel Since November 1, 2019 – the date of her appointment as head of the European Central Bank (ECB) – Christine Lagarde has been shared between the 19 countries of the European Union that use the euro. This in itself makes it particularly expensive. Still, we managed to meet her in her office […]
Olli Wren: Time for action for the ECB
The European Central Bank needs to act strongly to curb inflation and maintain expectations of future price growth as the weak euro exacerbates rising energy costs, according to Olli Rehn. It is important for policymakers to continue with a “consistent and smooth” normalization of monetary policy, Rehn, who heads Finland’s central bank, told Bloomberg Television […]
I. Schnabel: The ECB must react dynamically to the inflationary impulse
In the opinion of the director of the central bank Isabel Schnabel, the European Central Bank (ECB) must react dynamically to the rise of inflation in the eurozone. Both the likelihood and the cost of today’s high rate of inflation being embedded in expectations are uncomfortably high, he told a Federal Reserve symposium in Jackson […]
M. Kazaks (ECB): The ECB needs another big interest rate hike in September
A recession in the euro zone is now highly likely, but that alone will not reduce inflation and the European Central Bank should opt for a big rate hike next month, ECB policymaker Martins Kazaks said on Saturday, according to with reuters. The ECB raised interest rates by 50 basis points in July to zero, […]
Reuters: Some ECB members want to start talking about 75 basis point hikes
Some members of the European Central Bank want the bank’s next meeting in September to discuss raising interest rates by 75 basis points, despite the risk of a recession in the Eurozone, as the picture on the path of inflation worsens, Reuters reported, citing five sources with knowledge of the case. THE ECB raised interest […]
EKT Minutes: Interest rates increased by 50 bp. due to worsening inflation
A very large number of European Central Bank members agreed at the last meeting that it is appropriate to raise interest rates by 50 basis points, as suggested by chief economist Philip Lane, according to the minutes of the meeting released today. As mentioned, the increase by 50 m.v. was deemed justified due to the […]
Traders now see an increase in ECB interest rates by 1%
Traders are raising bets that the European Central Bank will resort to more aggressive measures to tame inflation as the euro zone faces record energy prices following Russia’s war in Ukraine. In particular, as reported by Bloomberg, based on swaps linked to the dates of ECB decisions, the market now expects the Bank to raise […]
Rehn: Research on digital euro ends in October 2023
The research stage for the digital euro is expected to be completed by October 2023, the board member said. of the European Central Bank, Olli Rehn on Tuesday, as reported by Reuters. After the investigation, the ECB will decide whether to start the project to create a digital euro, said Rehn, who is the governor […]
At the heart of this year’s Jackson Hole meeting is tackling inflation
This time last year, the world’s major central banks were united in getting the inflation hypothesis wrong. Now, as top policymakers gather for the Kansas Federal Reserve’s annual monetary policy conference in Jackson Hole, Wyoming, the U.S. central bank looks like it can manage a “soft landing” for its own economy, but the outlook for […]