Higher inflation, stronger GDP growth across the euro area’s main economies, and the continuation of the conflict in the Middle East reinforce our baseline scenario, shared now by most investors,
The European Central Bank (ECB) maintained, as expected, the benchmark Deposit Facility Rate at 2.25% at its policy meeting today, while hinting it is ready to increase interest rates again
Following the Memorandum of Understanding (MOU) between the US and Iran, first confirmed by the Pakistani government on June 12 and then signed by US President Donald Trump on June
The resumption of tanker flow traffic through the Strait of Hormuz has rapidly lowered energy prices, taking the European Central Bank (ECB) solidly into the baseline scenario of its June
The de-escalation between the US and Iran and the gradual re-opening of the Strait of Hormuz have lowered the pressure on the European Central Bank (ECB) to implement back-to-back interest
The European Central Bank (ECB) delivered today a widely anticipated 25bps rate hike, taking the deposit facility rate to 2.25%, stressing that inflation risks are tilted to the upside and
The euro area flash May inflation report and final PMIs sent mixed signals to European Central Bank (ECB) officials. While the increase in energy prices and headline inflation moderated in
Since the onset of the war with Iran, markets have swung from pricing, at its height, 45bps of hikes at the June 11 European Central Bank (ECB) meeting to, in
The European Central Bank’s (ECB) April monetary policy meeting reinforced the consensus among most Governing Council (GC) members to hike interest rates by 25 basis points at its next projections
European Central Bank (ECB) President Christine Lagarde signaled after today’s monetary policy meeting that, due to the continuing conflict in the Middle East and the blockade of the Strait of
Over European Central Bank (ECB) officials are stressing they need more time to assess the economic impact of the Strait of Hormuz crisis on the euro area economy. Most Governing Council (GC) members
The ongoing ceasefire between the US and Iran has contributed to taming energy prices, reducing over the last two weeks the magnitude of the shock facing the euro area. This
European Central Bank (ECB) officials are squarely focused on assessing the medium-term impact of the ongoing energy crisis on euro area inflation. Beyond the length of the war, and its
Since the inception of the war between the US, Israel and Iran markets have tightened conditions massively for the European Central Bank. Today, ECB Executive Board Member Isabel Schnabel put
Despite yesterday’s European Central Bank (ECB) press release flagging both upside inflation and downside growth risks from the Iran war, and President Christine Lagarde’s wait-and-see tone at the subsequent press
Facing soaring natural gas and commodity prices, and a potentially severe supply shock from the conflict between the US, Israel, and Iran, the European Central Bank (ECB) chose today to
Soaring oil and natural gas prices last week and over the weekend triggered by the US-Israeli strikes on Iran and the expansion of the war into a regional conflict, including
Over Sourced articles this week indicate that euro area governments are looking to bring forward the renewal of the European Central Bank’s (ECB) three key executive board positions that are due
The European Central Bank’s (ECB) policy meeting on February 5 reinforced two main elements underpinning the Governing Council’s (GC) policy stance. On the one hand stronger than expected growth, on-target
The European Central Bank (ECB) as expected maintained its policy stance and overall communication unchanged after its monetary policy meeting today. The Governing Council (GC) thinks that inflation is on