European Central Bank officials’ remarks suggest they assume euro-area inflation will drop “materially below” 2% in a year’s time, according to Bloomberg Economics.
The European Central Bank asked the region’s leaders to start choosing a successor to Chief Economist Philip Lane, opening the race for yet another vacancy on its Executive Board.
The euro-area economy grew at twice the pace analysts predicted, despite an unexpected slump in France and headwinds including elevated inflation and the selloff in bond markets.
The European Central Bank is responding in a measured way to inflation as most prices are stable and pressures are largely imported rather than driven by domestic factors, Governing Council member Emmanuel Moulin said.
Christine Lagarde will leave the European Central Bank with one victory notched up over inflation, camaraderie restored among policymakers and the euro on track to join the digital age.
European Central Bank officials are prepared to raise interest rates in December if the inflation outlook doesn’t improve, people familiar with the situation said.
European Central Bank President Christine Lagarde played down the danger that inflation will spread beyond energy after news that she’ll step down early overshadowed Thursday’s decision to leave interest rates untouched.
The race to lead the European Central Bank is entering its decisive phase after President Christine Lagarde said she’d depart early, with the Netherlands and Spain heading a field that could yet expand.
President Christine Lagarde announced she’ll leave the European Central Bank in early 2027, intensifying the struggle to replace one of the world’s most powerful monetary policymakers.
European Central Bank officials are preparing to finish 2026 with a third interest-rate increase, the last before an increasingly complex backdrop overshadows decisions next year.
European Central Bank Governing Council member Olli Rehn said policymakers will have additional information at the final rate decision of the year, while suggesting the current policy approach is working.
European Central Bank policymakers are getting impatient with Christine Lagarde’s refusal to offer clarity on her future, people familiar with the matter said.
The European Central Bank can afford to take some time in analyzing inflation dynamics that are shaped by opposing forces in the global economy, Governing Council member Martins Kazaks said.
A tightening in financial conditions may limit the need for European Central Bank monetary policy action, according to Governing Council member Primoz Dolenc.
The European Central Bank may need to raise interest rates again because data suggest price pressures keep building, Governing Council member Gediminas Simkus said.