The European Central Bank will hike rates by 25 basis points when the Governing Council convenes for its monetary policy meeting this Thursday, June 15, taking its benchmark deposit rate
After decelerating at their last Governing Council meeting on May 4 from a 50-basis point pace to a 25-basis point rate hike, taking the benchmark deposit rate to 3.25%, European
The European Commission asked all European Union governments on Wednesday to end, this year, all subsidies for energy prices that were introduced last year to deal with price spikes after
The European Central Bank today hiked its policy interest rates by 25 basis points, raising its benchmark deposit rate from 3.0% to 3.25%. The ECB also decided today to announce,
Over the last two weeks, a number of European Central Bank officials came out in rapid succession with a message that the Governing Council will decide between a 25 and
At the March 16 meeting of the Governing Council of the European Central Bank, in the heat of the Silicon Valley/Credit Suisse bank crisis, the ECB decided to forge ahead
We suspect that no one has ever drawn a direct line between Federal Reserve Bank of St. Louis President James Bullard, a notable hawk through the course of this inflation
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
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
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
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
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
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
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
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
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
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
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
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