Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "National Bank of Belgium"


8 mentions found


The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.
Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil price shock could push ECB into another hike, National Bank of Belgium governor saidPierre Wunsch, governor of the National Bank of Belgium, discusses the latest inflation figures and the trends the ECB is monitoring.
Persons: Pierre Wunsch Organizations: Email, ECB, National Bank of, National Bank of Belgium Locations: National Bank of Belgium
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBelgium's central bank governor: Core inflation needs to go down before there is a pause in rate hikesPierre Wunsch, governor at the National Bank of Belgium, speaks to CNBC's Annette Weisbach from the ECB's Sintra Forum.
Persons: Pierre Wunsch, CNBC's Annette Weisbach Organizations: National Bank of Belgium Locations: Sintra
ECB President Christine Lagarde said at a news conference this month that the euro zone's central bank would add 50 basis points to the deposit rate. Economists took her at her word, with all 57 of them polled in the Feb. 10-15 period expecting a deposit rate hike to 3.00% at the March 16 meeting. The ECB will follow up on March's move with a further 25-basis-point lift next quarter, medians showed, giving a terminal deposit rate of 3.25% and a refinancing rate of 3.75%. In response to an additional question, an overwhelming majority - 26 of 28 - said the risk was the terminal deposit rate ends higher than they expect, rather than lower. Markets are currently pricing in a terminal deposit rate of 3.50%.
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | ReutersLONDON — Divisions are forming among the world's most influential central banks over their role in tackling climate change, as policymakers focus on reining in inflation. U.S. Federal Reserve Chairman Jerome Powell told a conference hosted by Sweden's central bank on Tuesday that the Fed would not become a "climate policymaker" or get involved in matters beyond its congressionally established mandate. The surge in inflation and rising interest rates have derailed the plan to redirect ECB corporate bond holdings towards greener assets in support of the energy transition. The central bank has been forced to stop its bond purchases, as it looks to shrink its balance sheet.
Bond-buying scars will open European can of worms
  + stars: | 2022-12-16 | by ( Pierre Briancon | ) www.reuters.com   time to read: +3 min
LONDON, Dec 16 (Reuters Breakingviews) - The euro zone will soon have to pay for a decade of European Central Bank largesse. The first is to use provisions accumulated by national central banks over the past decade. But the central banks had wide differences in their approach to provisioning, meaning some may be left weaker than others. A central bank cannot be declared bankrupt, but operating with little or negative equity could hurt its credibility. And even if central banks don’t penalise them, they face the added risk that governments may tax them instead.
The European Central Bank needs to raise interest rates into positive territory when taking into account inflation, despite recession risks, Belgium's central bank chief told CNBC. September's hike in the ECB's benchmark deposit rate to 0.75% meant rates were still negative in real terms, said Pierre Wunsch, governor of the National Bank of Belgium. "Real" interest rates are adjusted for inflation, which hit a record 10% in the euro zone in September and is forecast to be an average 8.1% for the year. The ECB raised rates from -0.5% to zero at its July meeting, its first hike in 11 years, after keeping rates in negative territory since 2014. It is currently attempting to tackle massive volatility in U.K. markets through an emergency bond-buying program, following a controversial government budget.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBelgium's central bank chief would 'not be surprised' if ECB raises rates above 3%Pierre Wunsch, governor of the National Bank of Belgium, says his bet is that rates would go above 2%.
Total: 8