european-central-bank
Top StoriesAnother Inflation Record Firms Case for Bigger ECB Rate Hikes
Top StoriesExclusive-ECB to Channel Cash From North to South in Bid to Cap Spreads – Sources
Top StoriesRecession Fears Creep Into ECB Thinking at Summer Conference
Top StoriesECB to Ask Banks to Calculate With Recession Risk: Enria
French Inflation in June Hit Record High of 6.5% – Preliminary Figures
Date: June 30, 2022
PARIS (Reuters) -French inflation climbed further from the previous month to a record high of 6.5%, according to official preliminary figures on Thursday, adding headwinds to the euro zone’s second-biggest economy. The INSEE statistics agency said prices in June had risen by 0.8% from May, and that 12-month June preliminary inflation stood at 6.5%. Analysts...
ECB Will Keep Countries on Straight and Narrow Even if It Buys Their Debt – Lagarde
Date: June 28, 2022
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -The European Central Bank’s upcoming bond-buying programme will curb rising borrowing costs for vulnerable euro zone countries while keeping up pressure on their governments to repair their budgets, ECB President Christine Lagarde said on Tuesday. With the ECB nearing its first interest rate hike in over...
ECB Support Should Be Limitless if Fragmentation Unwarranted: Wunsch
Date: June 28, 2022
By Balazs Koranyi SINTRA, Portugal (Reuters) – The European Central Bank should offer limitless support without onerous conditions to euro zone members facing an unjustified surge in borrowing costs but should be careful in granting eligibility for this aid, ECB policymaker Pierre Wunsch said. Facing a surge in yields on Europe’s southern rim that resurrected...
ECB to Drain Cash in Offset to New Yield-Capping Scheme -Sources
Date: June 28, 2022
By Francesco Canepa SINTRA, Portugal (Reuters) – The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states, two sources told Reuters. Bond yields for Italy and other debt-laden countries have surged since the ECB unveiled plans to stop...
ECB’s Centeno Says No Yield Spread Goal in Anti-Fragmentation Tool
Date: June 24, 2022
By Sergio Goncalves LISBON (Reuters) – The new instrument being designed by the European Central Bank will show its determination to fight the risk of bond market fragmentation, but there will be no goal for specific yield spreads, governing council member Mario Centeno said on Friday. The ECB agreed at an emergency meeting last week...
New ECB Bond Buys Shouldn’t Get in Way of Fighting Inflation
Date: June 22, 2022
By Jesús Aguado and Emma Pinedo MADRID (Reuters) -The European Central Bank’s tool to combat rising government debt yields in some euro zone countries should not interfere with the bank’s aim to control inflation, ECB Vice-President Luis de Guindos said on Wednesday. “Fragmentation instruments should not interfere with the overall monetary policy approach, which should...