DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
policymaker Pablo Hernandez de Cos - 1 Christine Lagarde - 1 De Cos - 1 Jesús Aguado - 1 Emma Pinedo - 1 David Latona - 1 Conor Humphries - 1
Top related locs:
MADRID Spanish Santander
Top related orgs:
European Central Bank - 1 policymaker - 1 ECB - 1 Thomson - 1

Search resuls for: "policymaker Pablo Hernandez de Cos"


7 mentions found


☆ ECB's De Cos sees another 25 bps rate hike in July, no certainty afterwards
  + stars: | 2023-06-23 | by ( ) www.reuters.com   time to read: +1 min
MADRID, June 22 (Reuters) - The European Central Bank will need to raise interest rates by another 25 basis points in July to combat inflation but the path afterwards remains unclear, ECB policymaker Pablo Hernandez de Cos said on Friday. De Cos added that given the "high uncertainty ... we will continue to take our decisions depending on the data and, in particular, on the aggregate assessment of the inflation outlook, the dynamics of underlying inflation." Euro zone inflation has been moderating for months, courtesy of lower energy prices and the steepest increase in rates in the ECB's 25-year history. But it remains unacceptably high for the ECB at 6.1% in May, with underlying price growth only just starting to slow despite signs economic growth is stagnating. Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by David Latona and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.
Persons: policymaker Pablo Hernandez de Cos, Christine Lagarde, De Cos, Jesús Aguado, Emma Pinedo, David Latona, Conor Humphries Organizations: European Central Bank, policymaker, ECB, Thomson Locations: MADRID, Spanish, Santander
☆ Euro zone inflation could fall faster than thought, ECB's De Cos says
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: +1 min
MADRID, Feb 15 (Reuters) - Euro zone inflation could fall faster than earlier thought given a host of positive developments in recent months but past price hikes and a tight labour market could still exert upward pressure on underlying prices in the near term, European Central Bank policymaker Pablo Hernandez de Cos said on Wednesday. "Recent data on euro area inflation and some of its key determinants are somewhat encouraging, but the overall situation still requires caution", De Cos said in a speech posted on the webpage of the Bank of Spain. He also mentioned the possible effects of the Chinese reopening, the resilience of the euro area economy and the transmission of ECB monetary policy decisions. "All these will have to be assessed as part of the full projections exercise under way in the run-up to our March meeting," De Cos said. Reporting by Jesús Aguado; Editing by Balazs KoranyiOur Standards: The Thomson Reuters Trust Principles.
☆ Collapse of FTX should serve as reminder of risks of crypto assets, ECB's De Cos says
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: 1 min
MADRID, Nov 16 (Reuters) - The collapse of crypto exchange platform FTX should serve as a reminder for clients of the risks crypto assets entail, European Central Bank policymaker Pablo Hernandez de Cos said on Wednesday. "We hope that the events we have recently experienced will make citizens aware of the risks associated with these cyrpto assets," De Cos said when asked about FTX's collapse. The exchange, which had been among the world's largest, filed for bankruptcy protection on Friday in one of the highest-profile crypto blowups after panicked traders withdrew $6 billion from the platform in just 72 hours and rival exchange Binance abandoned a rescue deal. Reporting by Jesús Aguado and Emma Pinedo; editing by David LatonaOur Standards: The Thomson Reuters Trust Principles.
☆ ECB not pre-committed to raise rates by 75 bps again, De Cos says
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: 1 min
MADRID, Nov 11 (Reuters) - The European Central Bank has not pre-committed to make another 75 basis-point increase at its next policy meeting, policymaker Pablo Hernandez de Cos said on Friday. "The fact that we have raised rates by 75 basis points ... does not mean that this will be the future pattern, it will depend on the data," De Cos said. The ECB has been raising its rates at record speed but it is still buying bonds to replenish its 5-trillion-euro ($5.07 trillion) stimulus portfolio, which has a dampening impact on long-term bond yields. Reporting by Jesús Aguado and Emma Pinedo; editing by Andrei KhalpiOur Standards: The Thomson Reuters Trust Principles.
☆ ECB's opinion on Spanish banking tax will be issued "very shortly", De Cos says
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: 1 min
MADRID, Nov 3 (Reuters) - The European Central Bank will issue its non-binding opinion on Spanish banking tax proposal "very shortly," policymaker Pablo Hernandez de Cos said on Thursday. Two sources with direct knowledge of the matter told Reuters last month that the ECB was set to warn of the adverse impact on Spanish banks' solvency of a proposed tax on the sector and of a higher cost of credit in the upcoming non-binding opinion. Reporting by Emma Pinedo Editing by Jesus AguadoOur Standards: The Thomson Reuters Trust Principles.
☆ Gold ticks higher on dollar pullback; hawkish Powell caps upside
  + stars: | 2022-11-03 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices edged higher on Thursday, helped by a slight dip in the dollar, although U.S. Federal Reserve Chair Jerome Powell's hawkish remarks limited further gains in zero-yielding bullion. Spot gold rose 0.2% to $1,638.32 per ounce, as of 0118 GMT, after falling 0.8% on Wednesday. Although gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of holding the non-yielding asset. The European Central Bank "will need additional interest rate increases" to fight off inflation, policymaker Pablo Hernandez de Cos said on Wednesday. Spot silver rose 0.3% to $19.33, platinum rose 0.6% to $935.98 and palladium edged 0.3% higher to $1,860.08.
☆ ECB will need more rate hikes to fight off inflation, De Cos Says
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +1 min
MADRID, Nov 2 (Reuters) - The European Central Bank "will need additional interest rate increases" to fight off inflation even considering the growing likelihood of a euro zone recession, policymaker Pablo Hernandez de Cos said on Wednesday. "But to what level and how fast will depend on the inflation outlook, which, in turn, depends on the growth outlook and therefore includes the higher probability of recession that we are now estimating," De Cos, who also heads the Bank of Spain, said in a statement. While the bank last week dropped the reference in its policy statement to likely rate hikes at "several" more meetings, ECB President Christine Lagarde appeared to revert back to this terminology after raising the deposit rate on Oct. 27 by 75 basis points to 1.5%, its highest level since 2009. Inflation in the euro zone accelerated to 10.7% in October and is expected to stay above the ECB's 2% target through 2024. Reporting by Jesús Aguado; editing by Andrei KhalipOur Standards: The Thomson Reuters Trust Principles.
0 next >>
Total: 7