Reports Tagged: ECB

March 16, 2023

In volatile times, the right policy response is to do the right thing, and that includes holding a steady hand. That is exactly what the European Central Bank Governing Council

March 13, 2023

European Central Bank officials, on two key fronts, face a much easier decision than their counterparts at the US Federal Reserve when the Governing Council convenes on Thursday for its

March 03, 2023

Despite a series of problematic national and Eurozone aggregate inflation prints that were just released this week, the overall message from European Central Bank officials in the run-up to the

February 15, 2023

Bank of Spain Governor and European Central Bank Governing Council member Pablo Hernandez de Cos, who has distinguished himself as the toughest inflation fighter among his southern European colleagues, warned

February 02, 2023

The European Central Bank hiked all three of its policy interest rates by 50 basis points today, lifting its benchmark deposit rate from 2.0% to 2.5%, as was clearly flagged

January 17, 2023

Late last week an article came out flagging the possibility that after a 50 bp hike at the next ECB meeting on February 2, and another 50 bps on March

January 06, 2023

It was not so long ago that many European Central Bank officials were lobbying hard for a rapid, so called “Phase Two” deceleration from the aggressive 50 and 75 basis

December 15, 2022

European Central Bank hawks may have lost a skirmish when the Governing Council decided, as widely expected, to de-normalize the “jumbo” 75 bp rate hike pace of the last two

November 30, 2022

There is a major disconnect between market expectations and pricing, and the policy rate European Central Bank officials increasingly feel will be needed to bring inflation back down to their

December 13, 2022

In a series of reports leading up to this week’s meeting of the Governing Council of the European Central Bank we noted that while there was a clear desire by

November 28, 2022

European Central Bank Executive Board member Isabel Schnabel, who we have long considered to be the most important and influential thought leader on the Board in support of President Christine

November 22, 2022

In yesterday’s report, (SGH 11/22/22, “ECB: Frontloading Pressures”), we outlined ongoing pressures beneath the surface across the ECB to continue the process of frontloading interest rate hikes. And while 50bps

November 21, 2022

After a pair of jumbo-sized 75 basis point rate hikes to bring its policy rate to 1.5%, and concerned about potential recessionary pressures, the European Central Bank’s lean, if not

October 27, 2022

There was little drama going into today’s monetary policy meeting of the European Central Bank surrounding a second, outsized 75-basis points rate hike that had for some time now been

October 20, 2022

In yesterday’s report, “ECB: Rates, Remuneration, and Balance Sheet,” we inadvertently triggered a bit of a tempest among some of our clients that are deeply familiar with the workings of

October 19, 2022

The European Central Bank will hike its benchmark deposit rate by 75 basis points, from 0.75% to 1.50%, when the Governing Council convenes again in Frankfurt next Thursday, October 27

October 11, 2022

European Union leaders managed to agree last Friday that they would like natural gas and energy prices more generally to be lower, but that is where consensus ended. How to reach that

October 03, 2022

European Union governments and the European Central Bank are struggling to reconcile two objectives that are contradictory and whose policy responses are pulling the economy in opposite directions: how to

September 30, 2022

The European Central Bank is monitoring potential spillover effects on euro area banks and pension funds from the collapse in UK gilt markets but believes it to be contained. Through

September 08, 2022

We believe the single, overarching take away for markets from Christine Lagarde’s press conference today following the European Central Bank Governing Council meeting should be just how many references the