Reports Tagged: ECB

April 11, 2024

The European Central Bank today modified its policy statement to add that if the inflation outlook, core inflation dynamics, and policy transmission evolve as expected in the coming weeks and

April 09, 2024

Over the past quarter or so we have pushed back on market pricing for a rate cut by the European Central Bank at its meeting on March 7, and at

April 01, 2024

For about three weeks Euro rates markets have traded in a narrow range, pricing between 85 and 95 basis points of cuts by the European Central Bank for the second

March 12, 2024

At the latest press conference on March 7, European Central Bank President Christine Lagarde announced that the central bank intends to present the results of its operational framework review on

March 13, 2024

The European Central Bank confirmed today that its updated operational framework will operate a demand-driven floor system with the deposit facility rate (DFR) as the policy rate. As expected, the

March 07, 2024

The all-important European Central Bank quarterly staff forecast revisions came in today as expected, with 2024 headline inflation, the biggest mover, dropping from 2.7% to 2.3%, 2024 growth revised down

March 04, 2024

The Governing Council of the European Central Bank will be presented with important quarterly forecast revisions when it convenes on Wednesday and Thursday of this week for its March 6-7

February 23, 2024

The Euro area February PMIs released yesterday strengthened the hand of the European Central Bank leadership and Governing Council members who, barring an unforeseen shock to the trend of recent

February 20, 2024

Market expectations and the debate over whether the European Central Bank will first cut rates at its March 6, April 11, or June 6 meeting have been deliberately and methodically

February 01, 2024

Financial markets repriced odds for a 25-basis points rate cut at the European Central Bank’s April 11 meeting to near certainty after ECB President Christine Lagarde refused to explicitly rule

January 23, 2024

On January 10, we wrote that market pricing for the timing of ECB rate cuts, even though off its highs, was still too aggressive. We said that there would be

January 19, 2024

Over the last few weeks, the eurozone’s four largest economies unveiled issuance plans that add up to €1.25 trillion ($1.36 trillion) in sovereign debt this year. Despite these still elevated, even if

January 10, 2024

European Central Bank Vice President Luis de Guindos today acknowledged that inflation has been falling more rapidly than in their latest forecast, and that the eurozone may have entered a

January 03, 2024

Note: We are pleased to announce that Victor Mendez-Barreira, formerly at the publication Central Banking, has joined SGH as ECB analyst to support CEO Sassan Ghahramani’s coverage of the central bank.

December 14, 2023

In our last few reports, we wrote that the ECB would at this meeting reposition itself closer to markets – significantly closer than the outdated “legacy” signaling from the September

December 05, 2023

In an interview with a major international news service today European Central Bank Executive Board Member Isabel Schnabel repositioned her outlook, acknowledging not just the steeper than expected drop in

November 30, 2023

The European Central Bank had been long expecting a steep drop in inflation in October and November, especially on the back of the base effect of high energy prices last

October 26, 2023

After a furious campaign of 450 basis points of rate hikes, the Governing Council of the European Central Bank took in essence a well-deserved breather at their two-day policy meeting

October 20, 2023

The political, market, and geopolitical news cycles have entered a new phase of enormous risk and volatility. But from a policy perspective, the upcoming meeting of the Governing Council of

October 02, 2023

ECB officials can be nothing but pleased that the September Eurozone preliminary CPI release on Friday came in significantly below the August numbers, finally and decisively breaking below the 5%