european-central-bank
Top StoriesExplainer-Oil Price Surge Changes ECB Narrative Only at the Margins
Top StoriesAnalysis-Rate Rises Pile Pain on Sme Firms in U.S. And Europe
Top StoriesEuro Zone Inflation Eases in Feb but Core Prices Pick Up
Top StoriesECB’s Villeroy: Rate Hike Signals Strong Confidence in European Banks
Analysis-Investors Stick to Bets on Early End to ECB Hikes as Uncertainty Grows
Date: March 16, 2023
By Yoruk Bahceli and Naomi Rovnick AMSTERDAM (Reuters) – Investors held tight to bets that banking jitters would rein in the ECB’s ability to jack up borrowing costs again in the months ahead, as the central bank delivered a large rate hike on Thursday but wouldn’t signal future moves given an uncertain outlook. The European...
Instant View: ECB Sticks With Big Rate Hike Even as Bank Fears Roil Markets
Date: March 16, 2023
(Reuters) – The European Central Bank pushed through another big increase in interest rates on Thursday, sticking with its question to fight inflation despite turmoil in financial markets that has raised fears about a global banking crisis. The ECB raised its three policy rates by 50 basis points in its sixth consecutive rate hike and...
Big ECB Hike Adds Fuel to the Banking Sector Fire
Date: March 16, 2023
By Joice Alves LONDON (Reuters) – Euro zone bank shares hit a ten-week low on Thursday after the European Central Bank (ECB) raised rates by half a point, even though some investors had thought the turmoil in financial markets would deter it from delivering another hefty hike. The rising cost of borrowing added pressure on...
Euro Zone Recovery Gathers Pace, Allays Fears of recession-PMI
Date: March 3, 2023
LONDON (Reuters) – The recovery in euro zone business activity gathered pace last month as growth accelerated in the bloc’s dominant services industry, a survey showed, providing the latest piece of evidence suggesting the currency union will avoid a recession. S&P Global’s Composite Purchasing Managers’ Index (PMI), seen as a good barometer of overall economic...
Morgan Stanley, Others Now Forecast 4% Peak for Key ECB Rate
Date: March 3, 2023
By Sudip Kar-Gupta (Reuters) -Morgan Stanley and two other investment banks have revised their forecasts for the European Central Bank’s terminal rate – the level at which its key interest rate will peak – to 4% as inflationary pressures weigh. Data this week showed a surprise surge in underlying inflation across the 20-nation euro zone....
Hawkish ECB Comments Push up Rate-Hike Expectations
Date: February 17, 2023
By Leigh Thomas and Francesco Canepa PARIS/FRANKFURT (Reuters) – European Central Bank interest rates still have some way to rise, two influential policymakers said on Friday, pushing up market pricing for the peak rate and helping to unwind benign expectations after the last policy meeting. ECB board member Isabel Schnabel and French central bank chief...