european-central-bank
Top StoriesGerman Bond Yields at New Highs After Stronger-Than-Expected PMIs
Top StoriesECB Must Be Prudent With Rates Hikes as Recession Risk Rises: Panetta
Top StoriesEuro Zone Current Account Swings Back to a Surplus in June
Top StoriesGerman Bond Yields Rise After Schnabel Fuels Inflation Worries
As ECB Mulls Another Big Hike, Schnabel Says Inflation Outlook Hasn’t Improved
Date: August 18, 2022
By Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) – The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase next month even as recession risks harden. The central bank for the 19-country bloc surprised investors...
Euro Zone Growth, Inflation Accelerate, but Recession Looms Later in Year
Date: July 29, 2022
By Jan Strupczewski and Balazs Koranyi BRUSSELS/FRANKFURT (Reuters) – The euro zone economy grew much faster than expected in the second quarter, but economists said it might be the economy’s last hurrah before ever-higher inflation and supply chain problems cause a mild recession in the second half of the year. The stronger growth came despite...
Euro Zone Inflation Hits yet Another Record High After Big Jump
Date: July 29, 2022
FRANKFURT (Reuters) – Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European Central Bank to opt for another big interest rate increase in September. Consumer price growth in the 19 countries sharing the euro currency accelerated to 8.9% in July from...
Analysis: ECB Faces Italian Debt Test as Politics Intervenes
Date: July 27, 2022
By Francesco Canepa and Giselda Vagnoni FRANKFURT/ROME (Reuters) – The European Central Bank seems almost certain to face a test of its resolve to rein in excessive bond yields in coming weeks as the euro zone’s biggest debtor, Italy, heads for elections that a rightist bloc with a eurosceptic past is expected to win. The...
Euro Zone Business Lending Unexpectedly Surges in June
Date: July 27, 2022
FRANKFURT (Reuters) – Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in Ukraine are pointing to recession risks, European Central Bank data showed. Lending to companies in the 19-country euro area expanded by 6.8% in June...
Euro Zone Business Activity Contracted in July as Price Rises Bite – PMI
Date: July 22, 2022
LONDON (Reuters) – Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a near-stalling of service sector growth as burgeoning costs pushed consumers to cut back on expenditure, a survey showed. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge of overall economic health,...