ECB

COVID-19 restrictions may lead to economic contraction in Europe, ECB’s De Cos says

Newly introduced restrictions to contain the coronavirus epidemic could slow economic recovery or even lead to a contraction in Spain and other European countries in the fourth quarter, European Central…

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ECB’s Visco says worsening COVID picture could hit euro zone recovery

Growing coronavirus infection numbers are putting at risk the prospects for continued economic recovery in Italy and the euro zone as a whole, Bank of Italy Governor Ignazio Visco said…

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ECB to signal more stimulus as second-wave recession fears grow

The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday but it is likely to pave the way for action in December as fresh…

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ECB President says Europe must not delay recovery fund

Europe must distribute its 750 billion euro recovery fund for the pandemic-hit economy promptly and should debate creating a permanent fiscal tool for the bloc, European Central Bank President Christine…

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Interest rates in euro zone likely to stay low for years

Interest rates in the euro zone are very likely to remain at their current historically low levels in the coming years, European Central Bank (ECB) governing council member Klaas Knot…

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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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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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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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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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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 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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Lagarde urges Europe to overcome self doubt in its first speech as ECB President

Christine Lagarde steered clear of monetary policy in her first speech as European Central Bank president, calling instead for “strength, resolve and courage” in the region at an award ceremony…

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Draghi on his farewell appeals for more Europe, not less Europe

Mario Draghi handed over to Christine Lagarde as European Central Bank chief Monday saying it was "easier to say goodbye knowing that the ECB is in good hands". "It is…

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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 loose monetary policy – Lawrence Zammit

Last week Mario Draghi, the outgoing president of the European Central Bank, announced that the ECB had decided to cut one of its key interest rates, the one charged on…

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European Parliament approved Lagarde’s nomination as ECB president

The European Parliament backed Christine Lagarde on Tuesday as the next president of the European Central Bank, paving the way for her to become the first woman to hold the…

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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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Serious concerns raised about BOV operational and managerial processes – The Sunday Times

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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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One euro zone bank falls short of ECB capital requirements

An ECB presentation showed on Monday that one euro zone bank is falling short of the European Central Bank's capital requirements for 2019, meaning it will face restrictions on how…

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Corporate Dispatch Europe Explained – The Week Ahead

A quick glance at the main forthcoming events in the European Union including EU Council, Commission and Parliament meetings and other EU-related conferences and events. Events for the week of…

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Marked slowdown in eurozone growth says ECB chief

Countries with high public debt like Italy should increase their efforts to cut it, European Central Bank Governor Mario Draghi. Italy has the highest debt in the eurozone after Greece,…

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New €100 and €200 banknotes unveiled

The European Central Bank (ECB) today unveiled the new €100 and €200 banknotes, which will enter into circulation on 28 May 2019. After the €5, €10, €20 and €50, the…

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2019 – a year of changes at European Institutions

2019 will bring a lot of changes in the European Institutions as various roles' terms expire. Financial Times Europe’s biggest jobs reshuffle is at hand. Never have so many…

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EIB agreed to start talks to become supervised by ECB

The European Investment Bank has agreed to start talks to become independently supervised by the European Central Bank after EU governments demanded sweeping governance changes at the lender after Brexit.…

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European Central Bank and Bank of England to meet on Brexit

The European Central Bank and the Bank of England will convene a technical working group on risk management in the period around 30 March 2019 in the area of financial services.…

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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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