The vice-president of Germany's central bank has issued a warning as insolvencies rise. The European Central Bank (ECB) discussed maintaining interest rates and the potential for further rate hikes. Officials expressed concerns about economic uncertainty and the difficulty in bringing inflation back to target. Some members argued in favor of keeping the door open for a possible further rate hike. However, there were varying opinions on the need for rate hikes, with some suggesting that the ECB may not need to increase rates anymore. ECB's President Christine Lagarde stated that the bank can now pause and assess the impact of its tightening. ECB Vice President Luis de Guindos highlighted the risks to the current growth outlook and the possibility of a euro-area recession.
ECB Vice President Luis de Guindos warns investors may hold an overly-optimistic view of the euro-zone economy https://t.co/ChKJreoOiy
Lagarde Says ECB Can Now Observe Impact of Its Rate Hikes https://t.co/tAUAWxN7KG
ECB probably won’t need to increase rates again, Muller says https://t.co/IoJQLnXUKs https://t.co/ccuva9PxXD
The European Central Bank will likely be able to refrain from increasing borrowing costs again, according to Governing Council member Madis Muller https://t.co/Ydcg7nmgiR
The European Central Bank will likely be able to refrain from increasing borrowing costs again, according to Governing Council member Madis Muller https://t.co/Rt8723dntq
The European Central Bank will likely be able to refrain from increasing borrowing costs again, according to Governing Council member Madis Muller https://t.co/5oNBH2q1HC
🔸 MULLER: HIGH ECB RATES ARE SMALLER PROBLEM THAN HIGH INFLATION
🔴 ECB'S MULLER: HIGH ECB RATES ARE A SMALLER PROBLEM THAN HIGH INFLATION.
🔸 ECB'S MULLER: INFLATION CLEARLY SHOWING TREND OF SLOWING 🔸 ECB'S MULLER: PROBABLY WE DON'T NEED TO INCREASE RATES ANYMORE
🔴 ECB'S MULLER: INFLATION CLEARLY SHOWING TREND OF SLOWING.
🔴 ECB'S MULLER: PROBABLY WE DON'T NEED TO INCREASE RATES ANYMORE.
Euro-area growth outlook faces downside risks, ECB’s Guindos says https://t.co/t5c4N3OGpQ via @rorihuela @weberalexander https://t.co/gNkc7MPgsd
🔴 ECB'S DE COS: A EURO-AREA RECESSION IS POSSIBLE.
EU bond selloff... First, ECB officials continued to push back on rate cuts. For instance, Bundesbank President Nagel said that it’d be “a mistake to loosen our monetary policy stance too early”, and Irish central bank governor Makhlouf said “I would not rule out today that we… https://t.co/z7Yr4v4Ccx
ECB Vice President Luis de Guindos says there are risks to the current growth outlook and that the euro-area economy may perform worse than currently expected https://t.co/wBjhANmdLb
ECB Vice President Luis de Guindos says there are risks to the current growth outlook and that the euro-area economy may perform worse than currently expected https://t.co/Hy0AFpAK8M
ECB Vice President Luis de Guindos says there are risks to the current growth outlook and that the euro-area economy may perform worse than currently expected https://t.co/VkDFaVjNBC
🔴 ECB'S DE GUINDOS: THE CURRENT RATE LEVEL FOR LONG ENOUGH WILL TAME INFLATION.
🔴 ECB'S GUINDOS: WE WILL BE DATA-DEPENDENT, UNCERTAINTY IS HIGH.
🔴 ECB'S GUINDOS: THE RISKS TO ECONOMIC OUTLOOK ARE TILTED TO THE DOWNSIDE.
🔴 ECB'S GUINDOS: INFLATION MAY TICK UP AGAIN IN NEXT FEW MONTHS.
🔴 ECB'S DE GUINDOS: Q4 EURO-AREA GDP PROBABLY SIMILAR TO Q3.
🔴 ECB'S GUINDOS: EURO-AREA ECONOMY IS STAGNATING IN 2H.
ECB must resist urge to cut rates early, Bundesbank chief says - Reuters https://t.co/UbKb56vyua
Lagarde says the ECB can now observe the impact of all its rate hikes https://t.co/sPQzpMRMEI via @WindSonja @weberalexander https://t.co/D77D7ni0Rb
The ECB is now at a point where it can pause and assess the impact of its tightening, according to President Christine Lagarde https://t.co/zeqWvC9i5g
The ECB is now at a point where it can pause and assess the impact of its tightening, according to President Christine Lagarde https://t.co/mHRsSWtmtr
The ECB is now at a point where it can pause and assess the impact of its tightening, according to President Christine Lagarde https://t.co/DX4tbNPlDp
🔴 ECB'S PRESIDENT LAGARDE: WE'VE ALREADY DONE A LOT ON RATES, AND CAN NOW WATCH.
🔴 ECB'S HOLZMANN: THERE IS EQUAL PROBABILITY OF HIGHER RATES AS A RATE CUT.
Villeroy says the ECB won’t raise rates again, excluding surprises https://t.co/DrF0zDHFQ1 via @JReganReg https://t.co/0M0nKwrku2
ECB MUST RESIST URGE TO CUT RATES EARLY (Reuters) The European Central Bank must resist any temptation to cut interest rates early as the most difficult part of fighting off the recent inflation surge could still be ahead, Bundesbank President Joachim Nagel said on Thursday. https://t.co/RrUf5AzNwn
The ECB won’t increase borrowing costs again, unless there is an unexpected event, according to Governing Council member Francois Villeroy de Galhau. https://t.co/yvKdUGqEdZ
ECB must resist urge to cut rates early, Bundesbank chief says https://t.co/VUCoWYPcme https://t.co/Oj98eEu3HB
The ECB won’t increase borrowing costs again, unless there is an unexpected event, according to Governing Council member Francois Villeroy de Galhau. https://t.co/zbeCc4rIEK
The ECB won’t increase borrowing costs again, unless there is an unexpected event, according to Governing Council member Francois Villeroy de Galhau. https://t.co/En2JlNXIjt
🔴 SPAIN'S ECONOMY MIN. CALVIÑO: SPAIN'S BUDGET CONSIDERS ECB RATES TO BE AT THEIR PEAK.
ECB policymakers open to another interest rate rise if needed https://t.co/BmUzUFzfy4
The ECB may need to increase interest rates again, Gabriel Makhlouf says https://t.co/8fZlWbbOpt
ECB’s Makhlouf says it’s too soon to rule out another rate hike https://t.co/q3oCKliBTD via @livfletcher_ https://t.co/sMhTakBGL4
ECB Should Be Ready to Hike Again, Officials Agreed Last Month https://t.co/0536F4DVUk
🔴 ECB'S WUNSCH: MARKET PRICING OF RATE CUTS "VERY OPTIMISTIC" AND INCREASES LIKELIHOOD THAT MORE TIGTHENING IS NEEDED - BOERSEN-ZEITUNG.
🔴 ECB'S WUNSCH: MY BASE CASE IS THAT NO MORE RATE HIKES NEEDED BUT WE CAN WAIT UNTIL SPRING TO MAKE THAT CALL.
ECB officials agree they should raise borrowing costs again if needed, according to an account of their policy meeting in October https://t.co/H3pIYZT2WQ
ECB should be ready to hike again, officials agreed last month https://t.co/AeQ8eq279Y via @weberalexander @WindSonja https://t.co/gDVuV3DGOM
ECB officials agree they should raise borrowing costs again if needed, according to an account of their policy meeting in October https://t.co/wGe0AUtFiv
ECB officials agree they should raise borrowing costs again if needed, according to an account of their policy meeting in October https://t.co/8aTIt56aJc
⚠️ ECB MUST RESIST URGE TO CUT RATES EARLY, BUNDESBANK CHIEF SAYS Full Story → https://t.co/29q1PEqPod The European Central Bank must resist any temptation to cut interest rates early as the most difficult part of fighting off the recent inflation surge could still be ahead,… https://t.co/jtFbSksdKX https://t.co/ta3TblS9aG
🔴 ECB'S NAGEL: THE ECB STILL FACING THE MOST DIFFICULT PART OF INFLATION FIGHT AND IT WOULD BE A MISTAKE TO LOOSEN POLICY TOO.
🔴 ECB ACCOUNT: IT WAS ARGUED THAT THE GOVERNING COUNCIL SHOULD BE CAREFUL THAT ITS EFFORTS TO SUBDUE INFLATION DID NOT EVENTUALLY LEAD TO AN UNDERSHOOTING OF THE TARGET.
🔴 ECB ACCOUNT: IT WAS GENERALLY ASSUMED THAT THE LAST MILE IN BRINGING INFLATION BACK TO TARGET WAS THE MOST DIFFICULT.
🔴 ECB ACCOUNTS: MEMBERS ALSO AGREED WITH THE BOARD’S PROPOSAL TO CONTINUE APPLYING FLEXIBILITY IN REINVESTING REDEMPTIONS FALLING DUE IN THE PEPP PORTFOLIO.
🔴 ECB ACCOUNT: IT WAS MAINTAINED THAT, GIVEN THE CURRENT OUTLOOK, IT COULD BE EXPECTED THAT THE GOVERNING COUNCIL WOULD BE ABLE TO BRING INFLATION BACK TO ITS 2% TARGET BY 2025.
🔴 ECB ACCOUNTS: GOVERNING COUNCIL SHOULD BE READY, ON THE BASIS OF AN ONGOING ASSESSMENT, FOR FURTHER INTEREST RATE HIKES IF NECESSARY.
🔴 ECB ACCOUNTS: MEMBERS ARGUED IN FAVOUR OF KEEPING THE DOOR OPEN FOR A POSSIBLE FURTHER RATE HIKE.
🔴 ECB: MEMBERS SAW MORE ECONOMIC UNCERTAINTY THAN IN SEPTEMBER.
🔴 ECB ACCOUNTS: EXPECTATIONS WERE MOVING FROM A HUMP-SHAPED INTEREST RATE PATH.
🔴 ECB ACCOUNTS: ALL MEMBERS AGREED WITH THE PROPOSAL BY ECB’S LANE TO MAINTAIN THE THREE KEY ECB INTEREST RATES AT THEIR CURRENT LEVELS.
🔴 ECB’S MAKHLOUF: IT'S TOO EARLY TO DISCUSS CUTTING RATES.
The vice-president of Germany's central bank has a warning for lenders as insolvencies rise https://t.co/ytmnh4gErV