ECB

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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ECB officials can be prosecuted for corruption, money-laundering top EU court rules

The European Union's top court ruled on Tuesday that Latvia's former central bank governor Ilmars Rimsevics, 54, does not enjoy immunity from charges of corruption offences he allegedly committed while…

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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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ECB sees rising risk that housing bubble will burst

FRANKFURT, Nov 17 (Reuters) - The euro zone housing market is heating up, increasing the chances of a correction in both the residential and commercial segments, the European Central Bank…

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Europe’s pandemic productivity growth surge may wane: ECB study

FRANKFURT, Nov 10 (Reuters) - Euro zone labour productivity growth surged at the onset of the pandemic as firms rushed to adapt digital technologies but much of the gains are…

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ECB very unlikely to raise rates next year, Lagarde says

The European Central Bank is very unlikely to raise interest rates next year as inflation remains too low, European Central Bank President Christine Lagarde said on Wednesday, pushing back on…

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German tabloid attacks ECB chief Lagarde as ‘Madam Inflation’

Germany's best-selling tabloid Bild scathingly criticised European Central Bank (ECB) President Christine Lagarde, accusing her of destroying the earnings and savings of ordinary people by tolerating a rise in inflation.…

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Lagarde’s statement after ECB policy meeting

Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Link to statement on ECB website Good afternoon, the Vice-President and…

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ECB keeps policy unchanged; to push back on rate-hike bets

FRANKFURT, Oct 28 (Reuters) - The European Central Bank kept policy unchanged on Thursday as widely expected, holding fire before a crucial December decision on whether to end emergency stimulus…

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ECB urged to tighten trading rules for policymakers

FRANKFURT, Oct 25 (Reuters) - The European Central Bank should tighten the rules governing personal investments by its policymakers if it wants to steer clear of controversies like that embroiling…

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EU should consider sinking fund to manage COVID-19 countries debt -ECB’S Visco

ROME, Oct 21 (Reuters) - The European Union should consider creating a sinking fund to manage public debt accumulated by member states during the COVID-19 pandemic in the last two…

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Euro zone banks should be legally bound to climate transition plans, ECB says

Euro zone banks should be legally bound to adopt plans that spell out how they will mitigate their exposure to climate-related risks over the next 30 years, European Central Bank…

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ECB sees risk of housing bubbles in some countries: Enria

Asset quality at euro zone banks is deteriorating and housing bubbles may be developing in several countries, European Central Bank supervisor Andrea Enria said on Thursday. "While (non-performing loan) numbers…

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Slovak ECB policymaker Kazimir charged with ‘corruption-related crime’

Slovak prosecutors confirmed on Wednesday that ECB policymaker and Slovak central bank Governor Peter Kazimir had been charged with a corruption-related crime. "A prosecutor at the special prosecution office brought…

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ECB study shows Greece, Portugal, Spain and Malta companies the most exposed to physical risks of climate change

Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires,…

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ECB dials down stimulus one notch as expected

The European Central Bank will slightly reduce its emergency bond purchases over the coming quarter, it said on Thursday, taking a token step towards unwinding the emergency economic aid that…

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Inflation could prompt ECB to tighten policy quicker, Holzmann says

The European Central Bank could tighten policy sooner than many expect as inflationary pressures could prove to be persistent, ECB policymaker Robert Holzmann said in a contribution to Eurofi Magazine…

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Life after the ECB? The tapering debate begins

With the euro zone economy roaring back to life, the European Central Bank will debate a cut in its stimulus on Thursday, beginning a hard-fought and lengthy discussion on how…

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ECB must tighten policy if needed to counter inflation, Weidmann says

The European Central Bank must tighten monetary policy if it needs to counter inflationary pressures and cannot be put off from doing so by the financing costs of euro zone…

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Carige, Novo Banco and Piraeus among worst performers in ECB test

Italy’s Carige, Portugal’s Novo Banco and Greece’s Piraeus were among the worst performers in a health check of second-tier euro zone banks published by the European Central Bank on Friday.…

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ECB to overhaul payment system after crashes last year

The European Central Bank will overhaul its payment system as recommended in an independent review published on Wednesday to address deficiencies in its design and governance that led to a…

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ECB survey sees higher growth, inflation in next 2 years

Euro zone growth and inflation could be higher this year and next than earlier predicted, the European Central Bank's Survey of Professional Forecasters showed on Friday. Inflation, targeted at 2%…

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ECB sees some risks to outlook from fresh pandemic wave

A fresh wave of the coronavirus pandemic could pose a risk to the euro zone's economic recovery, European Central Bank President Christine Lagarde said on Thursday, after the bank hinted…

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ECB ramps up its role in tacking climate change

The European Central Bank unveiled plans on Thursday to take greater account of climate change in its key monetary policy decisions, the latest in a series of steps by the…

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UPDATED: ECB sets new inflation target, climate role in strategy update

The European Central Bank set a new inflation target on Thursday and claimed a role in fighting climate change after a strategy review that marks the biggest overhaul to date…

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ECB to come down on banks taking on too much financial risk, Enria says

The European Central Bank plans to come down on banks that are taking too much risk via financial instruments such as leveraged loans and equity-related derivatives, the ECB’s top supervisor…

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Euro zone business lending continues to drop – ECB

New lending to euro zone companies fell again in May, extending a drop from the previous month even as the bloc began its recovery from a pandemic induced recession, data…

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Men took bigger jobs hit in pandemic, ECB study finds

Men suffered bigger jobs losses across the euro zone during the COVID-19 pandemic, a European Central Bank study found on Wednesday, confounding some earlier predictions that women would take a…

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ECB makes good progress on new strategy, Lagarde says

European Central Bank policymakers meeting this weekend made "good progress" in reshaping the ECB's strategic goals, including the role it plays in fighting climate change and a revised approach to inflation, President…

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Euro zone economy on right path but too early to debate end of ECB help: Lagarde

The euro zone economy is at a turning point but its recovery must be firm and sustainable before the European Central Bank can debate clawing back emergency support, ECB President…

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ECB maintains copious stimulus even as recovery takes hold

The European Central Bank an elevated flow of stimulus as expected on Thursday, fearing that any retreat now would accelerate an already worrisome rise in borrowing costs and choke off…

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UPDATED: Berlin faces legal steps as EU aims to ensure primacy of bloc’s law

The European Commission on Wednesday started a legal procedure against Germany, aiming to force Berlin to ascertain the primacy of European law over national court decisions after Germany's highest court…

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ECB’s Knot: Dutch, European, world economies recovering quicker than expected

The head of the Netherlands' Central Bank Klaas Knot said on Wednesday the Dutch economy is recovering more quickly than expected from the economic crisis caused by the coronavirus pandemic.…

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Digital euro could boost single currency’s international use, ECB says

Creating a digital euro could boost the single currency's international status by making it easier to use for paying or saving, the European Central Bank said on Wednesday. The European…

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ECB’s Lagarde says too early to discuss life after emergency support

It is still too early for the European Central Bank to discuss winding down its 1.85 trillion euro emergency bond purchase scheme, ECB President Christine Lagarde said, less than two…

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Recovery from coronavirus will be long, says ECB Economist Lane -Le Monde

The road to recovery from the coronavirus pandemic will be long with the unemployment rate in the euro zone not returning to its 2019 level before 2023, ECB Chief Economist…

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ECB can phase out emergency stimulus as vaccinations pick up

The European Central Bank can start to phase out emergency stimulus measures when the pace of coronavirus vaccinations reaches a critical level and the economy picks up speed, Luis de…

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ECB survey sees slower growth, faster inflation this year

The euro zone economy will grow slower this year than earlier thought while a temporary surge in inflation is likely to exceed a previous projection, a key European Central Bank…

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From chips to drivers, euro zone firms warn supply is tight: ECB

Euro zone manufacturers cannot get enough computer chips and other key inputs to keep up with growing demands, resulting in lower economic activity and higher prices, the European Central Bank…

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ECB policy should remain accommodative in coming years, Villeroy tells BBG

The European Central Bank's monetary policy should remain accommodative in coming years, ECB policymaker Francois Villeroy de Galhau said on Wednesday. Villeroy, who is also Bank of France governor, also…

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Europeans want digital euro to be private, safe and cheap: ECB survey

Euro zone citizens expect the European Central Bank's proposed digital euro to be private, safe and cheap, an ECB survey showed on Wednesday. The ECB is working on creating an…

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ECB’s Schnabel warns against blocking the EU’s recovery fund

European Central Bank board member Isabel Schnabel has warned against attempts to block the European Union's Recovery Fund, saying such a step would be an "economic disaster for Europe". The…

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EU rescue funds agreement compatible with EU treaties, ECB’s de Cos says

The European Union agreement to disburse rescue funds to member countries funded by common debt is compatible with EU treaties, European Central Bank Governing Council member Pablo Hernandez de Cos…

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ECB’s Panetta says digital euro may still be five years away

The European Central Bank could decide around mid-year whether to proceed with a digital euro but the formal launch of the currency may still be around five years away, ECB…

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ECB’s Lagarde warns stimulus may take some time to show up

The European Central Bank may need some time before the recently agreed acceleration in the pace of money printing, part of its efforts to cushion the fallout of the COVID-19…

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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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UPDATED: ECB keeps copious stimulus measures unchanged

The European Central Bank left its ultra-easy policy unchanged as expected on Thursday but kept the door open to more stimulus as the outlook sours amid a spreading COVID-19 pandemic.…

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ECB to unveil yet another stimulus package

The European Central Bank will unveil fresh stimulus measures on Thursday to prop up the recession-hit currency bloc long enough for a coronavirus vaccine to be deployed and its devastated…

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ECB says Euro zone consumers go cashless as pandemic boosts cards’ appeal

Euro zone consumers have been paying more with cards and less with cash since the coronavirus pandemic began, and they plan to continue doing so after it ends as shops…

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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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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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Pandemic no excuse for UK banks not to move staff to Europe, says ECB

UK-based banks looking to continue doing business in the euro zone after the Brexit transition period must move staff to the continent and not use the pandemic as an excuse…

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Europe’s insurance deposit scheme still years away: ECB

A European Deposit Insurance Scheme, long advocated by the European Central Bank, is unlikely to be agreed on in the coming years, ECB bank supervisor Andrea Enria said on Wednesday.…

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ECB’s De Cos says it will take time before COVID vaccine has positive impact on economy

It will take time before any COVID-19 vaccine has a positive impact on the economy, European Central Bank policymaker Pablo Hernandez de Cos said on Friday, stressing that bold economic…

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