european-central-bank
BankingECB Cuts Interest Rates as Growth Dwindles
BusinessAnalysis-Euro, Now a Safer Bet, Emerges a Winner From Market Turmoil
Top StoriesAnalysis-France May Be Next Test of the Euro’s Foundations
Top StoriesGermany’s May Inflation Rises 2.8% on Higher Services Prices
ECB Delivers Its First Rate Cut in Five Years
Date: June 6, 2024
ECB delivers its first rate cut in five years By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, keeping its word despite an increasingly uncertain inflation outlook. The ECB had all but promised a rate cut after seeing inflation fall...
Sterling Ticks Lower as Wage Growth Expectations Ease
Date: June 6, 2024
Sterling ticks lower as wage growth expectations ease LONDON (Reuters) – The pound softened versus the euro on Thursday ahead of a European Central Bank meeting and after data showed a fall in British businesses’ expectations for wage growth in the coming year. The euro was last up 0.12% on sterling at 85.09 pence, though...
Spain’s BBVA Seeks ECB Go-Ahead for Sabadell Hostile Bid, Source Says
Date: June 5, 2024
Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says By Jesús Aguado LONDON (Reuters) – Spain’s BBVA asked the European Central Bank on Tuesday to authorize its more than 12 billion euro ($13 billion) hostile bid for Sabadell, a source close to BBVA said. BBVA’s all-share offer was rejected by Sabadell last month,...
Euro Zone Inflation Rises in Fresh Signal for ECB Caution
Date: May 31, 2024
Euro zone inflation rises in fresh signal for ECB caution By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank still faces a slow and uncertain journey to reach its goal of fully reining in prices. The bigger-than-expected increase in inflation was unlikely...
Analysis-Recovering Euro Keeps Dollar ‘gorilla’ From Scuppering ECB Rate Outlook
Date: May 14, 2024
Analysis-Recovering euro keeps dollar ‘gorilla’ from scuppering ECB rate outlook By Amanda Cooper and Stefano Rebaudo LONDON/MILAN (Reuters) – The euro has resisted falling to parity with the dollar for now, thanks to a rosier economic backdrop, to the relief of European Central Bank policymakers who could be struggling to detach themselves from the Federal...
Euro Zone Inflation Steady in April, Reinforcing ECB Rate Cut Case
Date: April 30, 2024
Euro zone inflation steady in April, reinforcing ECB rate cut case FRANKFURT (Reuters) – Euro zone inflation held steady as expected in April but a crucial indicator on underlying price pressures slowed, solidifying an already strong case for the European Central Bank to cut interest rates in June. The ECB all but promised a rate...