european-central-bank
Top StoriesAnalysis-Euro-dollar Parity Leaves ECB Facing Costly Choices
TradingExplainer-Why the Euro’s Fall Below Parity Versus Dollar Matters
InvestingEuropean Shares Slide After Hot U.S. Inflation, Euro Falls Below Parity
Top StoriesHackers Posing as Merkel Target ECB’s Lagarde – German Source
ECB’s Nagel Says Bond Spreads Are Fair Until Proven Otherwise
Date: July 12, 2022
FRANKFURT (Reuters) – European Central Bank policymaker Joachim Nagel raised the bar for an ECB intervention on the bond market on Tuesday, saying he assumed differences in yields to be “fundamentally justified” until proven otherwise. The ECB is working on a new bond-buying scheme to curb borrowing costs for Italy and other indebted countries in...
ECB Climate Stress Test Flags $71 Billion Risk to Euro Zone Banks
Date: July 8, 2022
By Francesco Canepa FRANKFURT (Reuters) -A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone’s largest banks, the European Central Bank said on Friday. The ECB said the estimate in its first climate stress test significantly...
Analysis-Euro’s 20-year Low Leaves ECB Facing Costly Choices
Date: July 7, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The euro’s tumble towards parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices. Letting the currency fall would push up already record high inflation, raising the risk of price growth becoming...
ECB’s Villeroy Says He Has No Doubts About Anti-Fragmentation Tool
Date: July 7, 2022
PARIS (Reuters) – French ECB policymaker Francois Villeroy de Galhau said on Thursday he had no doubts the European Central Bank’s plans to keep euro zone bond spreads from unjustifiably widening would get off the ground, in the face of German reservations. The ECB’s biggest shareholder, Germany’s Bundesbank, laid out its conditions for providing fresh...
Germany Tells Ecb: We’re Doing Our Bit to Fight Inflation
Date: July 1, 2022
BERLIN (Reuters) -The European Central Bank need not worry about Germany’s budget when making policy to fight inflation in the euro zone, German Finance Minister Christian Lindner said on Friday, presenting plans to return to national debt brake rules in 2023. Lindner said the 2023 draft budget, marked by consolidation efforts, took away the risk...
Any ECB Rate Hike Above Zero Will Depend on Data, Panetta Says
Date: July 1, 2022
FRANKFURT (Reuters) -The European Central Bank is on course to lift its interest rates out of negative territory but any hike beyond that will depend on incoming data as the outlook is uncertain, ECB board member Fabio Panetta said on Friday. The ECB is due to raise rates for the first time in over a...