ECB

ECB to raise interest rates for ninth time in a row

The European Central Bank will raise interest rates for the ninth time in a row on Thursday and keep the door open to further moves as persistent inflation and growing…

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Italy says ECB war against inflation will hit growth

Interest rate rises set by the European Central Bank (ECB) to curb inflation will take their toll in terms of lower economic growth, Economy Minister Giancarlo Giorgetti said on Monday.…

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ECB to raise rates further even as economy stutters

The European Central Bank is all but certain to raise borrowing costs to their highest level in 22 years on Thursday and leave the door open to more hikes, extending…

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Euro zone banks slowed lending further in March, ECB says

Bank lending to euro zone companies and households slowed again in March as higher interest rates and an uncertain economic outlook appeared to put a dampener on credit, European Central Bank data…

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ECB should keep raising rates until mid-2024, EU must tighten fiscal policy -IMF

The International Monetary Fund called on the European Central Bank on Friday to keep raising interest rates until the middle of 2024 and on European Union finance ministers to tighten fiscal policy…

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Lagarde says ECB ready to help banks but sector is ‘resilient’

The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde told MEPs, as she reiterated earlier assurances after the Swiss-brokered rescue…

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ECB survey sees moderating inflation, rising wage expectations

Inflation expectations among euro zone consumers dropped in January but expectations for wage growth continued to rise, adding to fears wage growth will slow efforts to control prices, a European…

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ECB must avoid unnecessary rise in real interest rates – Bank of Italy Governor

The European Central Bank (ECB) must avoid pushing real interest rates too high, given the level of private and public debt in the euro area, a top Italian policymaker said on Saturday. ECB Governing…

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ECB’s Centeno: we are approaching the end of the interest rate rise process

LISBON, Jan 10 (Reuters) - European Central Bank's governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end. The central banker, who was…

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ECB must step up efforts to ‘green’ monetary policy, board member says

The European Central Bank must adjust its monetary policy to make it more climate-friendly, even as it shrinks its bloated balance sheet to fight runaway inflation in the euro zone, ECB board…

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ECB says inflation hasn’t peaked, may surprise

Euro zone inflation has not peaked and it risks turning out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday, hinting at a series of…

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Euro zone banks could take big hit from inflation income drain, ECB says

Euro zone banks may see a surge in soured loans as rapid inflation and rising interest rates hit household incomes, particularly among the bloc's poorest, the European Central Bank said…

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ECB will probably keep raising rates beyond 2% level – Villeroy

The European Central Bank (ECB) will probably continue to raise interest rates beyond 2%, but "jumbo" rate hikes will not become a new habit, France's central bank chief said in…

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ECB must keep raising rates even if recession risks rise, Lagarde says

The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a euro zone recession has increased, ECB President Christine Lagarde said in an interview…

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ECB boss pledges to MEPs to fight inflation and restore confidence

Members of the European Parliament voiced concerns about rising energy and food prices, and mortgage rates during a hearing with European Central Bank President Christine Lagarde. MEPs in the Economic…

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ECB’s Schnabel sees risk of higher inflation: report

Euro zone inflation will be higher next year than previously thought and there is a risk that price growth could stay above the ECB's target in the medium term, European Central Bank board…

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Euro zone banks left flying solo by new glitch in ECB payment system

Several euro zone commercial and central banks were left flying solo by a new glitch in the European Central Bank's payment system late on Monday as they lost access to their online…

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ECB policymakers at odds on inflation strategy, hope for September deal – sources

European Central Bank (ECB) policymakers are still some way apart on their new inflation strategy but hope to reach an agreement before debating the future of their pandemic-fighting programme in…

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ECB wants veto power on stablecoins in the euro zone

The European Central Bank wants veto power on the launch of stablecoins such as Facebook's Diem in the euro zone and a greater role in their supervision, it has told European Union lawmakers. Central…

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ECB to stress test 38 euro area banks as part of the 2021 EU-wide stress test

he European Central Bank (ECB) will examine 38 significant euro area banks as part of the 2021 EU-wide stress test coordinated by the European Banking Authority (EBA). In line with the…

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Italian PM’s closest aid says ECB should consider wiping out pandemic debt

The European Central Bank should consider cancelling out or holding forever the government debt it buys during the current crisis to help nations recover and restructure, a top Italian government…

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Euro zone corporate vulnerability at levels seen in debt crisis: ECB

Euro zone firms are increasingly vulnerable amid a pandemic-induced recession but public support, including cheap cash from the European Central Bank, have limited the damage so far, a new ECB…

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ECB’s Weidmann calls on central banks to address climate-related financial risks

Bundesbank President Jens Weidmann on Thursday called on the Eurosystem, which includes the European Central Bank (ECB) and the euro zone's 19 central banks, to consider climate-related financial risks before…

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UPDATED: Presenting gloomy outlook, Lagarde calls for unlocking EU aid

European Central Bank President Christine Lagarde called on European Union leaders on Thursday to end a potentially damaging budget impasse and unlock aid for a region that is facing a…

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ECB could live with some inflation overshoot to help employment: Rehn

The European Central Bank should follow the U.S. Federal Reserve in putting more emphasis on welfare when it's setting policy, even if that would mean inflation exceeded its target temporarily,…

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ECB is watching out for pandemic-induced credit crunch

The European Central Bank is watching out for signs of a credit crunch as banks see their profits wiped out by the coronavirus pandemic and brace for a wave of…

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Renew Europe MEPs react to Eurogroup’s male-only list of candidates to ECB Board

Renew Europe deplores the decision made by the Eurogroup to present, once again, a male-only shortlist of candidates for the position of new member of the ECB's executive board and…

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ECB urged to prepare to issue a digital euro

The European Central Bank must prepare to issue a digital euro to complement banknotes "if and when" it becomes necessary, ECB board member Fabio Panetta said on Friday. Major central…

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ECB plans more intrusive checks on bank directors

The European Central Bank plans stricter and more intrusive checks on the suitability of bank directors, hoping to close national loopholes, ECB board member Yves Mersch said in an editorial…

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ECB’s Visco says euro’s strength is a worry

A recent strengthening in the euro's exchange rate is a worry and will warrant a reaction from the European Central Bank if it drags inflation farther away from its goal,…

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Slovenia, Netherlands to compete for ECB board job

Frank Elderson of the Netherlands and Bostjan Jazbec of Slovenia were the only two candidates put forward by their respective countries as candidates to succeed Yves Mersch at the executive…

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ECB Bulletin warns Euro zone unemployment will continue to rise

Unemployment will continue to rise in the euro zone and there is little upside in demand for consumer goods even as the economy recovers from an unprecedented recession, the European…

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ECB’s Visco says efficient public administration in Italy more important than state lender

European Central Bank governing council member Ignazio Visco said on Wednesday Italy would benefit more from reforms to its public administration than from the creation of a large public lender…

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ECB to supervise five Bulgarian, eight Croatian banks

The European Central Bank will take direct supervision of five banks in Bulgaria and eight in Croatia, countries that have both applied to join the euro zone, it said in…

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ECB may set stage for more stimulus measures

The European Central Bank is all but certain to keep policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening already-anaemic inflation expectations, it…

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Climate change bigger economic risk than pandemic, ECB’s Schnabel says

The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change even if the issue at first appears unrelated to monetary…

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ECB calls on Croatia, Bulgaria to do more before joining euro

Bulgaria and Croatia still have work to do in fixing their economies and improving their institutions before joining the euro, European Central Bank board member Fabio Panetta said today. The reforms undertaken…

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COVID-19 and German constitutional court decision top meeting with ECB’s Lagarde

MEPs quizzed ECB President Christine Lagarde for the first time since the pandemic and the German constitutional court’s ruling on the ECB’s bondbuying programme. During the quarterly ‘Monetary Dialogue’ with…

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ECB to decide on further stimulus to eurozone today

The European Central Bank is certain to give the ailing euro zone economy another shot in the arm and the only question is the timing, with arguments split between a move later…

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German court rules ECB bond-buying programme as legal, wants re-assurances on cost-benefit analysis

Germany’s top constitutional court has ruled the European Central Bank's vast debt purchasing programme as legal, but ordered the German Government to ensure that the ECB has carried out a…

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ECB could increase size of bond-buying programme if crisis persists – Lagarde

European Central Bank President Christine Lagarde announced that the Bank would be ready to increase its planned €750 billion bond-buying programme to support European economies in the current economic crisis…

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ECB launches emergency €750bn coronavirus package

The European Central Bank (ECB) has launched an emergency €750bn package to ease the impact of the coronavirus pandemic. It will buy government and company debt across the eurozone, including…

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ECB’s Lagarde Warns of 2008-Style Crisis Unless Europe Acts

European Central Bank President Christine Lagarde said Europe risks a major economic shock echoing the global financial crisis unless leaders act urgently on the coronavirus outbreak, and signaled that her…

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Lagarde discusses the European Central Bank’s policy revamp with MEPs

ECB President Christine Lagarde, on Thursday fielded questions from the Economic and Monetary Affairs Committee on the review of the bank’s monetary policy. In her opening remarks, Ms Lagarde set…

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Photo Story: ‘Slight’ change to €20 note

A close-up image of the signature of the European Central Bank (ECB) President Christine Lagarde on the new 20 Euro banknote in Frankfurt am Main, Germany. The signing of new…

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Euro zone urged to strengthen domestic demand

The euro zone needs to strengthen domestic demand, including via greater public investment, if it is to withstand weakness abroad, the European Central Bank’s new President Christine Lagarde said on…

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Euro zone corporate lending growth plunges in Sept

Bank lending to euro zone companies plunged last month, suggesting that the bloc’s economic slowdown is finally slowing lending after a period of surprising resilience, data from the European Central…

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No regrets says Draghi as he leaves the helm of ECB

European Central Bank President Mario Draghi said Thursday he had no regrets after completing his eight-year term at the head of the institution. "How do I feel? I feel like…

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ECB to test five Croatian banks

The European Central Bank said on Wednesday it would carry out a stress test of five Croatian banks, a preliminary step in Zagreb’s bid to join the euro zone. Zagrebačka…

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EU’s 2018 bank stress test considered too mild

Last year’s European Union bank stress test did not appropriately reflect systemic risks, EU auditors said on Wednesday, a shortfall that may have produced misleading results for some lenders,…

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ECB warns Italy: Obey the budget rules or face the consequences

European Central Bank Vice President Luis de Guindos warned that Italy needs to obey European Union budget rules or face higher borrowing costs that could hurt its economy even more.…

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Eurozone inflation rate in April beats forecasts

Euro zone inflation surged beyond expectations during the month of April, bring slight relief for the European Central Bank (ECB). Much of the surge was likely related to seasonal effects…

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ECB looking into Swedbank’s Estonian operations

The European Central Bank (ECB) is looking into Swedbank's Estonian operations, Swedish daily Dagens Nyheter reported on Wednesday, citing an undisclosed source. Sweden is not part of the eurozone but…

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ECB retains same interest rates

This week, the European Central Bank announced that it will keep its interest rates unchanged. This decision was based on the ECB's regular economic and monetary analyses. In a statement, the…

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