european-central-bank
Top StoriesEuro Zone Spreads Hit Fresh Highs Amid Rising Yields
Top StoriesEU Banking Union ‘not Dead, Just Napping’, Says EU Official
Top StoriesEuro Interbank Borrowing Rates See Biggest Daily Surge in Over 10 Years
InvestingHow Will the ECB Contain Fragmentation Risk in Euro Area Bond Markets?
EU Financial Services Chief Calls for Compromise on Bank Capital
Date: June 14, 2022
By Huw Jones LONDON (Reuters) – European Union financial services chief Mairead McGuinness on Tuesday urged the bloc’s lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine. The EU is approving a law to implement capital requirements agreed...
ECB’s Knot: Options for September Are Not Limited to 50 Basis Points
Date: June 14, 2022
PARIS (Reuters) -European Central Bank policymaker Klaas Knot told French newspaper Le Monde in an interview published on Tuesday that the ECB’s options for a September interest rate hike were not limited to 50 basis points. “If conditions stay the same as they are today, we should increase the rate by more than 0.25 percentage...
ECB Hikes Are Wrong Way to Curb Inflation, Says Draghi’s Right-Hand Man
Date: June 13, 2022
By Gavin Jones and Giuseppe Fonte ROME (Reuters) -Francesco Giavazzi, the closest economic adviser to Italian Prime Minister Mario Draghi, said on Monday that European Central Bank interest rate hikes were not the right way to curb surging price rises. The ECB last week signalled a 25 basis point interest rate hike in July and...
Euro Zone to Avoid Recession, Growth to Accelerate in Q3 – ECB Survey
Date: June 13, 2022
FRANKFURT (Reuters) – The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday. The 19-country currency bloc has been hit by fallout from Russia’s invasion of Ukraine, which has sapped confidence, investment and households’ purchasing...
Hawkish ECB Prompts Banks, Markets to Ratchet up Rate Hike Bets Again
Date: June 10, 2022
By Dhara Ranasinghe LONDON (Reuters) -Investment banks are ratcheting up bets on euro zone interest rate hikes in the months ahead, a day after the European Central Bank took markets by surprise with a more hawkish than anticipated stance on surging inflation. Deutsche Bank now expects the ECB to deliver two, hefty 50 basis point...
Rates Must Rise but ECB Will Fight Fragmentation: Policymakers
Date: June 10, 2022
PARIS/FRANKFURT (Reuters) -The European Central Bank needs to take “resolute” action to tame inflation but it is also fully determined to contain any undue increase in borrowing costs on the euro zone’s periphery, policymakers said on Friday. The ECB on Thursday flagged a 25 basis point interest rate hike in July and said a bigger...