european-central-bank
InvestingEuropean Shares Extend Gains on Upbeat Earnings; Anglo American Drags Miners Lower
TradingEuro Hovers Near Two-Year Low vs Dollar as ECB Disappoints Markets
TradingShort-Dated Yields, Euro Fall as ECB Refrains From Naming Stimulus Rollback Date
Top StoriesFearing High Inflation, ECB to Stay on Course to Unwind Stimulus
ECB Policymakers Keen to Roll Back Stimulus Amid High Inflation: Accounts
Date: April 7, 2022
FRANKFURT (Reuters) -European Central Bank policymakers appeared keen to unwind stimulus at their March 10 meeting, with some pushing for even more action, as conditions for raising rates had either been met or were about to be met, the accounts of the gathering showed. Policymakers agreed at the meeting to end bond buys some time...
Euro Zone Inflation to Run Hot, Fan Recession Risk: Reuters Poll
Date: April 7, 2022
By Swathi Nair BENGALURU (Reuters) – Recession risks in the euro area are rising, with euro zone inflation seen running hot for the remainder of 2022 and the European Central Bank likely to increase its deposit rate by year-end, a Reuters poll showed. While inflation hit another record high of 7.5% in March, it is...
Quick ECB Action to Rein in Inflation Could Crash Economy -Panetta
Date: April 6, 2022
FRANKFURT (Reuters) -Growth rates in the euro zone could dip into negative territory this year and European Central Bank policy tightening to bring down high inflation in the near term risks crashing the economy, ECB board member Fabio Panetta said on Wednesday. With euro zone inflation at a record-high 7.5%, the ECB is increasingly coming...
Euro Dips Amid Caution Over Ukraine, Norwegian Crown Plunges
Date: March 31, 2022
By Stefano Rebaudo (Reuters) -The euro edged lower on Thursday on caution about developments in Ukraine and limited progress in peace talks, while the Norwegian crown fell sharply after the central bank decided to buy foreign currency. Russian forces prepared for new attacks, Ukrainian President Volodymyr Zelenskiy said, while no quick resolution is expected from...
ECB’s Lagarde Insists Inflation Will Stop Rising
Date: March 30, 2022
NICOSIA (Reuters) – Food and energy prices in the euro zone should stop rising, which should help the euro zone avoid a combination of stagnant growth and high inflation feared by economists, European Central Bank President Christine Lagarde said on Wednesday. Inflation in Spain hit 9.8% this month and it expected to have run above...
Exclusive-ECB Ready to Set up Money Exchange for Ukrainian Refugees With EU Guarantee
Date: March 29, 2022
By Jan Strupczewski BRUSSELS (Reuters) – The European Central Bank is ready to organise a scheme for millions of Ukrainian refugees to exchange their hryvnia currency into euros if the EU gives the ECB a guarantee that would cover the bank’s risk, an ECB document showed. Almost 4 million Ukrainians have fled the Russian invasion...