ECB

ECB needs big Oct rate hike; should hit neutral rate this year, Rehn says

HELSINKI, Sept 28 (Reuters) - The European Central Bank must continue to raise interest rates quickly to tame inflation and could reach a level that no longer stimulates the economy…

Read More Here

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…

Read More Here

Asked about Italy, ECB’s Lagarde says she won’t fix ‘policy errors’

The European Central Bank won't use its latest emergency scheme to buy the bonds of countries that make "policy errors", its President Christine Lagarde said on Monday in response to…

Read More Here

ECB eyes blockchain for settling bank transactions, Panetta says

FRANKFURT, Sept 26 (Reuters) - The European Central Bank is studying ways of settling transactions between banks on a blockchain in a bid to keep control of money even if…

Read More Here

ECB seeks to cut subsidy to banks as rate hikes leave it on hook, sources say

FRANKFURT, Sept 23 (Reuters) - The European Central Bank is studying ways of cutting a subsidy to banks that stands to cost it tens of billions of euros in interest,…

Read More Here

Recession alone won’t subdue euro zone inflation – ECB’s de Guindos

COLOGNE, Germany, Sept 21 (Reuters) - The euro zone may suffer a recession over the winter as risks to the growth outlook are intensifying, but even that is not enough…

Read More Here

ECB to buy fewer bonds from polluting companies

FRANKFURT, Sept 19 (Reuters) - The European Central Bank will tilt its purchases of corporate bonds towards companies that emit less carbon, giving each firm a score based on their…

Read More Here

UPDATE – ECB to inflict pain as it hikes rates into next year, Lane says

WEXFORD, Ireland, Sept 17 (Reuters) - The European Central Bank could raise interest rates into next year, causing pain for consumers as it tries to depress demand that is now increasingly adding…

Read More Here

Women expect higher inflation than men, driven by food costs: ECB study

FRANKFURT, (Reuters) - Women expect higher inflation then men and their outlook is primarily driven by food costs, a European Central Bank study found this week, a potential concern for…

Read More Here

UPDATED: ECB ramps up rates by unprecedented 75 bps to fight inflation

FRANKFURT, Sept 8 (Reuters) - The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against…

Read More Here

ECB accounts show inflation concerns intensifying

Aug 25 (Reuters) - European Central Bank policymakers meeting last month appeared increasingly concerned that high inflation was getting entrenched, even as the risk of a recession loomed in the…

Read More Here

ECB, IMF call on climate standard setters to align company disclosures

A global standard setter for company climate disclosures should align with European and U.S. alternatives for easier implementation across jurisdictions and to avoid fragmenting information to investors, the European Central Bank and IMF have…

Read More Here

Factbox: ECB unveils new TPI anti-fragmentation instrument

FRANKFURT (Reuters) - The European Central Bank unveiled on Thursday its Transmission Protection Instrument (TPI), a new bond purchase scheme aimed at helping more indebted euro zone countries and preventing…

Read More Here

UPDATED: ECB to be determined in using anti-fragmentation tool – Villeroy

PARIS, July 22 (Reuters) - The European Central Bank will be determined in using its new bond-buying scheme to combat financial fragmentation between euro zone countries if it needs to…

Read More Here

Norse god Heimdall joins ECB – as gatekeeper software

FRANKFURT, July 13 (Reuters) - The European Central Bank has launched a software tool named after a god in Norse mythology to help it screen candidates for top banking jobs, ECB supervisor Elizabeth McCaul…

Read More Here

ECB climate stress test flags $71 billion risk to euro zone banks

FRANKFURT, July 8 (Reuters) - A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the…

Read More Here

For sale: Frankfurt’s iconic euro sculpture

FRANKFURT – The most widely used symbol for stories on the European Central Bank is now up for sale: The big blue euro sculpture outside the central bank's former headquarters…

Read More Here

ECB to revamp corporate debt holdings to favour greener firms

FRANKFURT, July 4 (Reuters) - The European Central Bank plans to gradually revamp its 344 billion euro ($358 billion) corporate debt portfolio to favour greener firms, it said on Monday, taking another…

Read More Here

Another inflation record firms case for bigger ECB rate hikes

FRANKFURT, July 1 (Reuters) - Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid…

Read More Here

Recession fears creep into ECB thinking at summer conference

SINTRA, Portugal, June 30 (Reuters) - European Central Bank policymakers put on a brave face at their annual gathering in the hills above the Portuguese capital and forecast further economic expansion despite…

Read More Here

Euro zone banks finally making progress on climate issues: ECB

FRANKFURT, June 22 (Reuters) - Banks across the euro zone are making "tangible" progress in managing climate risk but could still take years to meet the European Central Bank's expectations, ECB board…

Read More Here

Ukrainian refugee influx could ease euro zone labour shortage: ECB

FRANKFURT, June 20 (Reuters) - The influx of Ukrainian refugees into the European Union could gradually ease labour shortages in the euro zone as some of those fleeing the war are likely…

Read More Here

ECB’s Lagarde vague on when, how anti-spread tool may kick in -sources

LUXEMBOURG (Reuters) - The head of the European Central Bank briefed euro zone finance ministers on Thursday on a planned tool to fight high spreads between bond yields of the bloc's nations,…

Read More Here

ECB pledges new crisis tool to help indebted southern states

The European Central Bank promised fresh support for the bloc's indebted southern rim on Wednesday, tempering a market rout that threatened a repeat of the debt crisis that almost brought…

Read More Here

UPDATED: French Finance Minister: must avoid any fragmentation of euro zone bloc

PARIS, June 15 (Reuters) - French Finance Minister Bruno Le Maire said on Wednesday it was imperative to avoid any fragmentation of the euro zone economic bloc, as the European Central Bank's…

Read More Here

ECB raises inflation, cuts growth forecasts

FRANKFURT, June 9 (Reuters) - The European Central Bank raised its inflation projections once again on Thursday but cut its growth outlook as the conflict in Ukraine continues to weigh…

Read More Here

ECB tells banks to buckle up as Ukraine war hits economy

FRANKFURT, May 18 (Reuters) - The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the economy and a sudden…

Read More Here

ECB may kick off development of digital euro by end-2023, Panetta says

FRANKFURT, May 16 (Reuters) - The European Central Bank may kick off the development of its digital euro, an electronic version of banknotes and coins, by the end of next year, ECB…

Read More Here

ECB’s Villeroy says too weak euro threatens price stability

PARIS, May 16 (Reuters) - The euro's weakness on currency markets could threaten the European Central Bank's efforts to steer inflation towards its target, ECB policymaker Francois Villeroy de Galhau said on…

Read More Here

ECB to start raising rates gradually this summer – Villeroy

PARIS, May 11 (Reuters) - The European Central Bank (ECB) will start raising rates gradually this summer, ECB member and Bank of France head Francois Villeroy de Galhau said on Wednesday. Several ECB policymakers…

Read More Here

Nearly one in three ECB bosses is German as France lags

FRANKFURT (Reuters) - One in three managers at the European Central Bank is German, giving the ECB’s host country an ever bigger representation than its size would imply, ECB data…

Read More Here

ECB backs EU plan to end “blind spots” over foreign banks

The European Central bank backed European Union proposals to toughen scrutiny of foreign lenders in the bloc, which has become a thorny issue since Brexit. Lenders from the United States,…

Read More Here

Poorer people trust the ECB less, study finds

FRANKFURT, (Reuters) - Poorer households trust the European Central Bank less, particularly in countries where income inequality is greater, an ECB study showed this week. The ECB and many of the world's…

Read More Here

Lagarde tells ECB policymakers to hold back criticism, leaks

WASHINGTON, April 22 (Reuters) - European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for several days, a move critics say stymies their ability to…

Read More Here

All large euro zone banks can withstand Russian write-off, ECB says

FRANKFURT, April 20 (Reuters) - All euro zone banks can withstand a full write-off of their Russian exposure and still respect their capital requirements, the European Central Bank's top supervisor Andrea Enria…

Read More Here

Euro zone faces slower growth, higher prices as war hits: ECB poll

FRANKFURT, April 15 (Reuters) - The euro zone economy faces slower economic growth and higher inflation as Russia's invasion of Ukraine pushes up costs, disrupts trade and hits confidence, a…

Read More Here

Euro zone financial system coping well with Ukraine war – ECB

FRANKFURT, April 6 (Reuters) - The euro zone's financial system is coping well with the war in Ukraine and the associated Western sanctions on Russia, European Central Bank Vice President Luis de…

Read More Here

ECB sees inflation stabilising around 2% target: Lane

FRANKFURT, March 31 (Reuters) - Euro zone inflation is increasingly likely to stabilise around 2% but the European Central Bank should be ready to change course if the outlook deteriorates due to Russia's war in Ukraine, ECB chief…

Read More Here

Euro zone facing slower growth, higher inflation: ECB’s Lagarde

Food and energy prices in the euro zone should stop rising, which should help the euro zone avoid a combination of stagnant growth and high inflation feared by economists, European…

Read More Here

ECB to weigh more bond buying if war crashes economy -Schnabel

FRANKFURT, (Reuters) - The European Central Bank would consider extending its money-printing programme beyond this summer if the euro zone economy fell into a "deep recession" because of the conflict in Ukraine,…

Read More Here

ECB objects to EU’s plan to water down banking rules

FRANKFURT, March 25 (Reuters) - European Union lawmakers should not grant banks exceptions from new global rules designed to avoid a new financial crisis, highlighting risks relating to housing and derivatives, the…

Read More Here

ECB has ‘extra space’ before first rate hike, Lagarde says

FRANKFURT, March 17 (Reuters) - The European Central Bank has given itself "extra space" between the planned end of its money-printing programme this summer and the first interest rate hike in more than…

Read More Here

ECB tells banks to check Russian, Belarusian clients; Some told to make extra checks on big payments, deposits

FRANKFURT/MADRID (Reuters) - European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that they are not used to circumvent Western…

Read More Here

ECB’s de Guindos says Europe will not go into recession due to Ukraine war

European Central Bank (ECB) Vice-President Luis de Guindos said rising inflation would continue to have an impact on the EU but that the bloc's economy would not go into recession…

Read More Here

ECB looking at ways to let Ukrainian refugees convert cash

FRANKFURT/VERSAILLES (Reuters) - The European Central Bank is working on a financial facility to let millions of Ukrainian refugees convert their savings into hard currency, to help them make a…

Read More Here

ECB’s Villeroy: No recession in Europe despite Ukraine crisis

PARIS, March 11 (Reuters) - There is no recession in Europe, said Francois Villeroy de Galhau, governor of the Bank of France and a member of the European Central Bank (ECB), who…

Read More Here

UPDATED: ECB winds down bond purchases despite Ukraine uncertainty

FRANKFURT, March 10 (Reuters) - The European Central Bank plans to end asset purchases in the third quarter, it said on Thursday, accelerating its exit from extraordinary stimulus in a surprise move,…

Read More Here

ECB says Sberbank likely to fail; Germany drops Russia issuers

FRANKFURT, Feb 28 (Reuters) - The European Central Bank on Monday warned that Sberbank Europe, a subsidiary of Russia's Sberbank , and two other subsidiaries under its watch "are failing or likely to…

Read More Here

ECB policymakers told Ukraine war may shave 0.3%-0.4% off GDP

PARIS, Feb 25 (Reuters) - European Central Bank chief economist Philip Lane told policymakers meeting in Paris the Ukraine conflict may reduce the euro zone's economic output by 0.3%-0.4% this year, four…

Read More Here

IMF backs ECB’s easy policy as it sees inflation easing

FRANKFURT, Feb 17 (Reuters) - The European Central Bank has been right to maintain its easy money policy as inflation is set to fall after "transient boosts" from supply snags that may…

Read More Here

Surging housing costs boosting overall euro zone inflation: ECB

FRANKFURT, Feb 16 (Reuters) - Euro zone housing costs rose sharply last year, boosted by soaring German property prices and adding to already uncomfortably high overall inflation, a European Central Bank study…

Read More Here

ECB faces backlash against green ‘distraction’ from fighting inflation

FRANKFURT, Feb 14 (Reuters) - European Central Bank President Christine Lagarde faces a backlash in the European Parliament on Monday from conservative lawmakers criticising the ECB's green strategy as a…

Read More Here

ECB’s Lagarde says hasty rate hike wouldn’t solve inflation problem -RND

FRANKFURT, Feb 11 (Reuters) - Raising the European Central Bank's main interest rate now would not bring down record-high euro zone inflation and only hurt the economy, ECB President Christine…

Read More Here

Better to normalise monetary policy step-by-step, ECB’s Rehn says

HELSINKI, Feb 10 (Reuters) - It is better to adjust euro zone monetary policy gradually in the current uncertain environment, European Central Bank policymaker and Finnish central bank chief Olli…

Read More Here

ECB could raise rates in 2022, new Bundesbank chief says

FRANKFURT, Feb 9 (Reuters) - The European Central Bank could raise interest rates this year as high inflation is proving more persistent than once thought, Bundesbank President Joachim Nagel told…

Read More Here

ECB’s Knot sees first interest rate hike in fourth quarter of 2022

AMSTERDAM, Feb 6 (Reuters) - Klaas Knot, the Dutch central bank president and a member of the European Central Bank's Governing Council, said on Sunday he expects the ECB to…

Read More Here

Euro zone firms see wages rising by 3% or more, ECB says

FRANKFURT (Reuters) - Euro zone companies expect wages to rise by 3% or more this year as workers demand to be compensated for inflation and it becomes more difficult to…

Read More Here