Category: ECB039s
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ECB’s Schnabel urges caution and emphasizes data-driven policy
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ECB chief: Incoming data broadly confirmed underlying expectations. Schnabel, President of the European Central Bank: Trust does not mean knowledge. History will judge not our intentions but our success in fulfilling our commitments. ECB President Schnabel: The closer interest rates get to the upper band of the neutral interest rate…
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ECB’s Lagarde: We are not pre-committing to a particular rate path
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The euro zone economy is expected to continue to recover in the coming quarters This follows growth in the first quarter, after five quarters of “stagnation.” The service sector is expanding, and manufacturing is showing signs of stabilization Price pressures are gradually diminishing However, wages are still rising at a…
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ECB’s Panetta adds to the chorus for a June a rate cut – “general consensus has emerged”
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As Governor of the Bank of Italy, Fabio Panetta is also a member of the Governing Council of the European Central Bank. On Saturday, he spoke at a press conference at the end of the G7 finance leaders’ meeting, saying he saw “a fairly general consensus emerging about the possibility…
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ECB’s Lane says Confidence on getting inflation lower is improving
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The European Central Bank’s chief economist, Philip Lane, spoke in an interview with the Spanish newspaper El Confidencial: Essentially, what we said in April was that if our level of confidence improved in inflation generally returning to our target, it would be appropriate to lower the current level of interest…