ECB

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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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ECB keeps policy unchanged despite record-high inflation

FRANKFURT, Feb 3 (Reuters) - The European Central Bank kept policy unchanged as expected on Thursday, staying on track to provide copious stimulus this year even as inflation runs at…

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ECB kicks off climate stress test for banks

FRANKFURT, Jan 27 (Reuters) - The European Central Bank launched a stress test on Thursday to assess how prepared banks are to deal with potential shocks stemming from climate risk,…

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ECB’s Lagarde: Inflation drivers will ease gradually in 2022

PARIS, Jan 20 (Reuters) - Inflation in the euro zone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected…

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