european-central-bank
Top StoriesNo Need for Germany to Shift Central Bank Cash Deposits for Now – Finance Agency
Top StoriesUniCredit Gets ECB’s Green Light for Second 1 Billion Euro Share Buyback
Top StoriesHigh Inflation, Recession Risk Widen ECB Dilemma
Top StoriesNear 50-year High German Inflation Strengthens Case for Larger ECB Rate Rise
ECB Must Swiftly Normalise Rates; Neutral May Not Be Enough, Knot Says
Date: August 30, 2022
(Reuters) -The European Central Bank must swiftly normalise interest rates as inflation could still go higher and lifting rates to the neutral level, which neither stimulates nor slows growth, may not be enough, Dutch central bank chief Klaas Knot said on Tuesday. The ECB raised its deposit rate by 50 basis points to zero in...
O’Grady to Return to Bank of Ireland as CEO – Irish Times
Date: August 30, 2022
DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Grady to become its next chief executive, just months after he left the lender, the Irish Times reported on Tuesday, citing unnamed sources. Francesca McDonagh, who was named chief operating officer at Credit Suisse last week, announced in April...
Traders Ramp up Bets on 75 Basis-Point ECB Sept Hike, Bond Yields Jump
Date: August 29, 2022
By Yoruk Bahceli (Reuters) -Euro zone money markets moved on Monday to price in a two-thirds chance of a large 75 basis-point European Central Bank rate hike in September after policymakers made the case over the weekend for a large move to tame inflation four times above their target. Particularly in focus was ECB board...
ECB Should Raise Rates at Steady Pace, Chief Economist Says
Date: August 29, 2022
FRANKFURT (Reuters) -The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking cycle, partly to maintain room to correct the policy path if circumstances change, ECB chief economist Philip Lane said on Monday. The ECB raised rates by 50 basis points to zero in July. While a...
Decision to End ECB Reinvestments Takes Back Seat to Rate Hikes, Sources Say
Date: August 26, 2022
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) – The European Central Bank could soon start talks on ending reinvestments of cash maturing in its 3.3 trillion euro ($3.3 trillion) Asset Purchase Programme, but a decision is not urgent and is unlikely to be taken next month, sources close to the discussion said on Thursday. Facing...
German 10-year Yields Hit Fresh 8-week High on Inflation Concerns
Date: August 24, 2022
(Reuters) -Germany’s 10-year government bond yield rose to a fresh eight-week high on Wednesday as inflation fears reinforced expectations for an aggressive European Central Bank (ECB) monetary tightening path. Analysts expect the ECB to raise interest rates to tame inflation — which they forecast will stay uncomfortably high through 2023 — even if a recession...