Central Banks on Cowlpane

ECB's Nagel: ECB will do whatever necessary to him he energy price surge

Fri, 08 May 2026 16:26:37 +0000

Will do whatever is needed to contain energy price jumps
ECB is highly alert to increasing inflation risks.
ECB will do whatever necessary to curb energy price surge.
FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods.

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Fed's Goolsbee: inflation has not been great. Job market is pretty much stable

Fri, 08 May 2026 15:09:23 +0000

The job market is pretty much stable.
There is not a lot of evidence that job market is falling apart.
Inflation has not been great and is going the wrong way.
There is not a lot of evidence of the job market deterioration.
Inflation rises not just energy, was elevated before war.
We stop making progress on inflation last year
In the last few months as I started to go back up rather than down

ECB's Legarde: Higher energy costs will push up input prices

Fri, 08 May 2026 14:23:11 +0000

ECBs Legarde is speaking and says:

climbing energy costs will push up input prices.
Price increases may then be passed to consumer.
We should be well-placed to react, when needed

Current rates:The ECB at their last meeting last week held rates unchanged, with the main refinancing rate at 2.15% and the deposit facility at 2.0%, as policymakers adopted a cautious stance to assess the impact of the Iran/Middle East war on inflation and growth