european-central-bank
Top StoriesECB Hikes Rates, Throws Lifeline to Indebted Countries
Top StoriesItaly’s ‘Super Mario’ Draghi Undone by Political Infighting
Top StoriesStocks Dip, Euro Volatile After ECB Rate Hike
Top StoriesECB to Join Rate Hike Club With Big Move Under Discussion
Analysis-Debt-laden Italy Looks No Less Vulnerable as Rates Shoot Higher
Date: July 20, 2022
By Dhara Ranasinghe and Yoruk Bahceli LONDON (Reuters) – Debt-laden Italy finds itself in markets’ crosshairs again, as the prospect of a collapse in its national unity government coincides with the European Central Bank preparing to deliver its first interest rate rise in 11 years. Like other indebted euro zone countries, Italy has spent the...
ECB Weighs Bigger Rate Hike With Safety Net for Indebted Countries
Date: July 19, 2022
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation, two sources with direct knowledge of the discussion told Reuters. To cushion the impact of the higher borrowing costs, policymakers are also expected...
The Hike Is (almost) Here! Now for What Comes Next: Five Questions for the ECB
Date: July 18, 2022
By Dhara Ranasinghe, Stefano Rebaudo and Vincent Flasseur LONDON (Reuters) – The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken. That outlook is getting murkier by the day because...
Analysis-ECB Bond Aid Plan’s Fault Lines Exposed by Italy’s Political Crisis
Date: July 15, 2022
By Francesco Canepa FRANKFURT (Reuters) – A government crisis in Italy is complicating a politically sensitive plan devised by the European Central Bank to support indebted euro zone countries on the bond market before it even starts in earnest. In an unprecedented effort to cap borrowing costs, the ECB said last month it would buy...
ECB Set for 25bps Rate Hike in July; Slim Majority Say Should Do 50 -Economists
Date: July 15, 2022
By Swathi Nair BENGALURU (Reuters) – The European Central Bank will stand by its policy guidance and raise its deposit rate by 25 basis points next Thursday, but a narrow majority of economists polled by Reuters said it should go for a bigger half-point hike. This week the euro fell to and below parity with...
Analysis-Euro Is at Parity; Its Fate Is Now With Energy Markets
Date: July 13, 2022
By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) – The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price shock triggered by the Ukraine conflict tips the bloc into a prolonged economic crisis. The single...