european-central-bank
Top StoriesNo Messing Around With Red-Hot Inflation: Five Questions for the ECB
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ECB’s Villeroy Lays Out Plan for Shrinking Balance Sheet
Date: October 12, 2022
NEW YORK (Reuters) – The European Central Bank should start shrinking its balance sheet once its interest rate is close to 2%, first by getting banks to repay their loans and then by whittling down its bond holdings, ECB policymaker Francois Villeroy de Galhau said on Tuesday. Trying to fight runaway prices, the ECB has...
ECB’s Lane Says Rate Hikes May Hit Harder Than Bond Unwind
Date: October 11, 2022
FRANKFURT (Reuters) – The European Central Bank may have a bigger impact on markets by raising interest rates than by whittling down its massive pile of bonds, the ECB’s chief economist Philip Lane said on Tuesday, giving his first hint about a nascent policy debate. Fighting record-high inflation, the ECB increased rates at its last...
ECB’s Knot Says Inflation Warnings Not yet Priced In
Date: October 10, 2022
AMSTERDAM (Reuters) -European Central Bank (ECB) governing council member Klaas Knot said on Monday that markets seem to be underestimating the risk that inflation will be higher than models are predicting. Knot said there is a significant chance inflation in 2024 will be higher than the 2.3% the ECB has guided for, but that markets...
ECB’s Centeno Warns of Possible Policy Overreactions
Date: October 10, 2022
By Sergio Goncalves LISBON (Reuters) – The European Central Bank (ECB) should avoid overreactions that could lead to a loss of credibility and must gradually normalise its monetary policy after a long period of ultra-low interest rates, ECB policymaker Mario Centeno said on Monday. The ECB raised its main interest rate by a record 75...
ECB Engaged in Bringing Down Inflation to 2% in Two to Three Years From Now – Villeroy
Date: October 10, 2022
PARIS (Reuters) -The European Central Bank (ECB) is engaged in bringing down inflation to 2% percent in “two to three years” from now, ECB member and Bank of France head Francois Villeroy de Galhau told France Culture radio on Monday. He reiterated that “close to 2%” was still the right target monetary policymakers at the...
Euro Zone Demand Surge Playing Increasing Role in Excessive Inflation: ECB
Date: October 7, 2022
FRANKFURT (Reuters) – Surging consumer demand across the euro zone is playing an increasing role in excessive inflation, a European Central Bank study showed on Friday, suggesting that – as some policymakers have feared – price pressures are becoming more entrenched. Inflation, running at a record high of 10%, was initially driven by surging energy...