European Central Bank (ECB)
Schnabel warns next disinflation phase will be harder
Base effects, core inflation and supply-side risks threaten the outlook, she says
ECB raises concerns over Italian macro-pru committee
Decree should give a casting vote to governor and remove members’ vetoes, ECB says
Cipollone joins ECB board
Italian economist succeeds Panetta, who takes over the Bank of Italy
People: New governor in Sierra Leone
Brazilian president nominates two new central bank directors; new head of statistics at ECB; and more
Swedish parliament urged to reinforce legal status of cash
“More consumers and businesses need access to payment accounts,” says Riksbank governor
ECB holds rates unchanged at 4%
Central bank pauses tightening cycle after 10 consecutive rate increases
Eurozone budget deficit declined in 2022
Government imbalances declined to 3.6% of GDP from 5.2% in 2021
EU data protection bodies raise concerns about digital euro
EDPB and EDPS request central bank explain how it will process and protect data
EU council appoints Buch head of ECB’s supervisory board
German official will replace Andrea Enria on January 1 for a five-year term
ECB launches digital euro preparation phase
Phase includes CBDC rulebook and selection of providers, as well as testing
Higher bond yields makes an ECB pause more likely
Lower inflation and tighter financing conditions reinforce idea 4% rates could be enough
Rate hikes: too much, too late – and now too dangerous
Why monetary tightening risks a global credit crunch
Inflation in Germany has peaked, says Bundesbank president
Both CPI and HICP inflation declined sharply in September
Latest ECB rate hike was a ‘close call’, say minutes
A group of officials argued incoming data did not support higher rates
Balance sheet data can help gauge systemic risk, ECB paper says
Researchers present methodology for assessing large and small lenders based on SRisk measure
Cross-border CBDC challenging to deliver, officials warn
But digital currency could tackle “extremely high” remittance costs, says IMF’s Tobias Adrian
PEPP to become ECB’s weapon of choice
Facing high but falling inflation, the governing council is expected to hold rates
A league table for central bank hawkishness
Steve Kamin runs the numbers to assess which central banks have raised rates most aggressively
Germany needs tighter fiscal policy, Nagel says
EU Stability and Growth Pact should have stricter fiscal rules, Bundesbank president argues
More rate hikes may be needed, says Bundesbank’s Nagel
German governor has a soft landing as his baseline scenario
Joachim Nagel on the ECB’s terminal rate, fiscal policy, model relevance and the digital euro
The Deutsche Bundesbank president speaks about compromise on the Governing Council, rolling back PEPP, the need to implement Basel III and the chances of a revised Stability and Growth Pact
Will the ECB take its key rate past 4%?
French and Spanish governors say policy is working, but Nagel warns pace is too slow
ECB raises rates to all-time high of 4%
Lagarde says “solid majority” supported raise but says some members opposed it
ECB criticises Italy’s windfall tax on banks
Central bank warns measure could hamper monetary transmission and weaken lenders