ECB

ECB’s bank supervisor nominee gets rough ride at confirmation hearing

By Francesco Canepa and Balazs Koranyi FRANKFURT, Sept 20 (Reuters) - The European Central Bank's nominee as chief bank supervisor, Claudia Buch, got given a hard time from European lawmakers at her…

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ECB may need until spring to conclude that no more hikes are needed: Kazimir

FRANKFURT, Sept 18 (Reuters) - The European Central Bank's rate hike on Thursday may have been its last for now but policymakers will need until March to be sure and…

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ECB’s Stournaras urges governments to help bring down inflation

Sept 17 (Reuters) - European Central Bank Governing Council member Yannis Stournaras said governments must do their part in reining in consumer prices after borrowing costs reached a level that…

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UPDATED: ECB raises rate to record high and signals end of hikes

ECB raises key rate for 10th straight time Increases inflation forecast for next year 2023-24 growth forecasts are cut Press conference at 1245 GMT By Francesco Canepa and Balazs Koranyi…

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ECB chief economist says easing inflation welcome but must continue -report

European Central Bank Chief Economist Philip Lane expressed cautious optimism that inflation was slowing in an interview with an Irish business publication, but said a lot more data was needed…

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Italy offers digital euro expert Cipollone for ECB post

By Giselda Vagnoni ROME (Reuters) - Piero Cipollone, Italy's choice for the European Central Bank's executive board, has a reputation for discreetly helping Rome's eurosceptic government rub along with EU…

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Momentum growing for ECB rate hike pause as growth falters -sources

By Balazs Koranyi JACKSON HOLE, Wyoming, Aug 25 (Reuters) - European Central Bank policymakers are increasingly concerned about deteriorating growth prospects and, while the debate is still open, momentum for…

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ECB to write to Italy raising objections over windfall tax on banks – press

The European Central Bank (ECB) is preparing to send a letter to Italy raising objections about the government's windfall tax on banks' profits, the Corriere della Sera daily wrote on…

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ECB to pause rate increases in September, say slim majority of economists

The European Central Bank will pause a more than year-long rate-hiking campaign in September, according to a narrow majority of economists polled by Reuters, but a further rise by year-end is…

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ECB says underlying inflation has peaked in good omen for future

FRANKFURT, Aug 4 (Reuters) - Underlying inflation in the euro zone has probably peaked, pointing to slower growth in other prices too, the European Central Bank said on Friday. The…

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ECB contemplates end of rate hikes as outlook worsens

Stournaras and Kazimir see end of hikes Differ on whether one more is needed No rate cut seen for several months Surveys point to worsening outlook Inflation, GDP data provides…

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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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ECB’s Visco says peak in interest rates is not far away

ROME, July 13 (Reuters) - The European Central Bank is "not very far" from a peak in interest rates following a series of increases, Bank of Italy governor Ignazio Visco…

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ECB to ditch windows and bridges in new euro banknote series

The European Central Bank is ready to revamp the design of its banknotes, ditching their historic “windows and bridges” theme that have populated European citizens’ wallets for the last 21…

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ECB backs draft EU rules for winding down smaller banks

The European Central Bank on Thursday backed proposed new EU rules for closing down smaller banks when they fail, but said they should be more ambitious and apply across the…

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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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J.P. Morgan now forecasts 4% peak for key ECB rate

(Reuters) - J.P.Morgan said it expected the European Central Bank to hike interest rates by another 25 basis points in September, taking its terminal rate forecast to 4% after the…

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ECB policymakers line up behind rate hike plans

FRANKFURT, June 16 (Reuters) - The European Central Bank needs to keep raising interest rates, policymakers said on Friday, reaffirming the bank's stance after fresh projections showed that inflation is…

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Global banks raise forecast to 4% peak for key ECB rate

June 16 (Reuters) - Major global investment banks lifted their terminal rate forecast for the European Central Bank to 4% in September, after the ECB raised borrowing costs and indicated…

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ECB urges banks in Russia to leave quickly

Euro zone banks in Russia should leave quickly, the bloc's top supervisor said on Tuesday, making a rare explicit call on those lenders to wind down operations more than a…

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ECB’s Lagarde sees no peak in core inflation despite ‘moderation’

European Central Bank President Christine Lagarde on Monday acknowledged "signs of moderation" in core inflation in the euro zone but reaffirmed it was too early to call a peak in that…

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ECB’s Panetta: End of rate-hike cycle not far off

BERLIN, June 2 (Reuters) - European Central Bank board member Fabio Panetta is expecting further hikes in interest rates but says the end of the cycle is in sight, according…

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ECB nearing end of tightening cycle but final stretch remains, De Guindos says

MADRID, June 1 (Reuters) - The European Central Bank (ECB) has gone through most of its monetary policy tightening to bring inflation back to its medium-term target of 2%, though…

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Home prices may slump in euro zone as rates rise, ECB says

FRANKFURT, May 31 (Reuters) - Home prices in the euro zone may be headed for a "disorderly" decline as high mortgage rates make purchases unaffordable for households and unattractive for…

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ECB has no certainty on how high interest rates must go – Lane

May 26 (Reuters) - The European Central Bank should not try to predict where interest rate hikes need to end given the vast uncertainty in inflation dynamics, chief economist Philip…

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ECB eyes additional steps to tackle bank deposit risks

MILAN, May 19 (Reuters) - The European Central Bank is considering whether requirements tailored for individual lenders could help address the risks arising for those holding large amounts of uninsured…

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ECB will be ‘courageous’ to fight off inflation, Lagarde says

MADRID, May 19 (Reuters) - The European Central Bank will not flinch from taking the decisions needed to bring inflation down to its mid-term goal of 2%, the bank's president…

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UPDATED: ECB to keep raising rates, though most of tightening is done, De Guindos says

MADRID, May 18 (Reuters) - The European Central Bank will have to keep raising interest further to bring inflation back to its mid-term goal of 2% though most of the…

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ECB zeroes in on struggling borrowers and forex as times get tougher

FRANKFURT, May 17 (Reuters) - The European Central Bank on Wednesday told banks to step up how they manage struggling borrowers and their own currency trading in an environment of…

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EU’s Gentiloni sees no risk of EU real estate or debt crisis as rates rise

BRUSSELS, May 15 (Reuters) - Europe is not in danger of a real estate or debt crisis as a result of the rapid rise in European Central Bank interest rates, Economic Commissioner…

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ECB now closer to final stages of rate hiking cycle, ECB’s De Cos says

MADRID, May 11 (Reuters) - The European Central Bank is now closer to the final stages of its interest rate raising cycle, ECB's policymaker Pablo Hernandez de Cos said on…

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ECB must be ‘extremely attentive’ to wages, Lagarde says

TOKYO, May 10 (Reuters) - The European Central Bank must be "extremely attentive" to factors that may fuel inflation further, such as wage growth, ECB President Christine Lagarde said in…

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UPDATED: UBS expects ECB to deliver another 25 bp rate hike in July before taking pause

May 5 (Reuters) - UBS economists said the European Central Bank (ECB) was likely to hike interest rate by another 25 basis points (bps) in July, lifting the benchmark for…

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UPDATED: ECB raises rates by 25 bps in inflation fight

Debate was between 25 and 50 bps hikes Decision in line with market, analyst expectations Inflation remains too high and stubborn Hike was 7th straight, but so far the smallest…

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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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ECB says 16 euro zone banks fall short of climate demands, may face penalties

15% of banks fail to disclose enough information ECB can name, fine banks that don't comply Capital requirements can be increased too Banks must make first disclosure by June FRANKFURT,…

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ECB’s Knot ‘not uncomfortable’ with terminal rate market expectations

DUBLIN, April 20 (Reuters) - European Central Bank (ECB) policymaker Klaas Knot is "not uncomfortable" with current market expectations which envisage interest rates rising to around 3.85% from 3% currently,…

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ECB told not to take banks’ word for it when assessing risk

FRANKFURT, April 17 (Reuters) - The European Central Bank should stop relying on banks' self-assessments when setting capital requirements and do its own homework instead, independent experts said on Monday.…

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Germany’s Buch seen as favorite to be new ECB top supervisor, sources say

By Balazs Koranyi WASHINGTON (Reuters) - Three women are seen as the top contenders to become the European Central Bank's new supervisory chief, with Germany's Claudia Buch considered the clear…

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ECB policymakers converging on 25-bps rate hike in May – sources

By Balazs Koranyi WASHINGTON, April 13 (Reuters) - European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on…

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Euro zone banks boost capital, profits, ECB data shows

April 12 (Reuters) - Euro zone banks bolstered their capital buffers and cut their bad debts in the final quarter of 2022, while higher interest rates boosted lending margins, European…

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ECB may need to hike rates again in May – Lane

FRANKFURT, April 6 (Reuters) - The European Central Bank will need to raise interest rates again in May if inflation develops along the path seen in the bank's March economic…

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Oil price surge changes ECB narrative only at the margins

FRANKFURT, April 3 (Reuters) - An oil production target cut announced by some of the world's top exporters is bad news for the European Central Bank as it tries to…

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Stubborn inflation keeps ECB on course for more rate hikes

Headline inflation drops by most on record But core inflation accelerates to new high Consumer data points to drop in spending Unemployment remains low By Francesco Canepa FRANKFURT, March 31…

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ECB could hike rates again in May to tame stubborn inflation: Knot

ECB not done with hikes, Knot says Core inflation shows no sign of abating Inflation risk tilted to upside ECB should move to gradually end all APP reinvestments By Balazs…

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EU banks resilient, have strong capital, liquidity – statement

BRUSSELS, March 24 (Reuters) - The European Union banking sector is resilient because it has strong capital and liquidity positions, European Union leaders said in a statement after a summit…

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ECB to reassure EU leaders on bank stability, call for EU deposit insurance

By Jan Strupczewski BRUSSELS, March 24 (Reuters) - The European Central Bank is likely to reassure European Union leaders on Friday that euro zone banks are safe after market turbulence…

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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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What can the ECB do to stop the banking crisis?

FRANKFURT, March 20 (Reuters) - A Swiss orchestrated rescue of Credit Suisse by rival UBS has failed to calm nerves as investors worry which banks could be next in line.…

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ECB ready to help banks even as it hopes for calm after Swiss deal

FRANKFURT (Reuters) - The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde said, adding that the Swiss-brokered rescue of Credit…

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UPDATED: ECB watchdog sees no Europe contagion after US, Swiss bank rescues

By Balazs Koranyi, Pete Schroeder and Tom Westbrook March 17 (Reuters) - European Central Bank supervisors see no contagion for euro zone banks from recent sector turmoil, a source said…

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UPDATED: Two ECB hawks call for more rate hikes despite banking turmoil

Kazimir and Simkus challenge official guidance Villeroy says latest hike is show of confidence ECB Supervisory Board meeting on banks By Francesco Canepa and Balazs Koranyi FRANKFURT, March 17 (Reuters)…

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UPDATED: ECB raises rates as planned despite banking turmoil

Rates rise by 50 bps as previously indicated No signal about future moves Markets had bet on smaller move after bank share selloff Inflation to remain high for years to…

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ECB likely to stick to big rate hike despite banking turmoil

ECB sees headline inflation still above target in 2024-25 Core inflation to be revised higher in new projections Policymakers lean towards 50-bps hike as planned By Francesco Canepa and Balazs…

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ECB to test banks for cyber resilience, Enria says

FRANKFURT, March 9 (Reuters) - The European Central Bank plans to test the cyber resilience of the euro zone's top banks after a sharp rise in cyberattacks, including after Russia's…

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ECB’s Lane sees signs strong inflation is easing

FRANKFURT, March 6 (Reuters) - Inflation in the euro zone remains high but there are signs it is easing, the European Central Bank's chief economist Philip Lane said on Monday…

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ECB facing high core inflation in the near term, Lagarde says

FRANKFURT, March 5 (Reuters) - Underlying inflation in the euro zone will stay high in the near term so a 50 basis point European Central Bank interest rate increase later…

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