European Central Bank vows backstop against market turmoil
2 years, 6 months ago

European Central Bank vows backstop against market turmoil

Associated Press  

A European Central Bank poised to raise interest rates for the first time in 11 years vowed Wednesday to create an unspecified market backstop that could buffer member countries against financial turmoil like that seen during a debt crisis more than a decade ago. Instead, the central bank simply said it would act if needed against “fragmentation,” or excessively high borrowing costs plaguing one part of the eurozone and not another. The bank also said it could use money it gets from maturing bonds it holds to make new purchases and fight excessive borrowing costs if individual countries face market pressure. The ECB’s pandemic support programs, including 1.7 trillion euros of bond purchases, helped keep government borrowing costs low across the eurozone.

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History of this topic

Europe’s Rates Head Lower in Readiness for Another Trump Era
1 week, 4 days ago

Europe’s Rates Head Lower in Readiness for Another Trump Era

Live Mint  

Europe’s central banks are taking a determined dovish turn to aid economies bracing for more disruption from Donald Trump’s second stint in the White House. The European Central Bank’s own quarter-point move — bringing its rate to a 1 1/2-year low — was accompanied by President Christine Lagarde’s observation that “the direction of travel currently is very clear.” There’ll probably …

ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
1 week, 5 days ago

ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies

Associated Press  

FRANKFURT, Germany — The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs. Lower rates should support growth amid signs that the post-pandemic recovery is slowing in the 20 countries that use the euro currency …

Mortgage interest rates to continue steady downward trend, mortgage advisor says
2 weeks, 4 days ago

Mortgage interest rates to continue steady downward trend, mortgage advisor says

NL Times  

The interest on a 10-year mortgage with National Mortgage Guarantee has dropped a full percentage point since it peaked in October 2023, De Hypotheker reported. The mortgage advisor expects the slow, but steady decline in mortgage interest rates to continue. Currently, the average mortgage interest rate for loans with a 10-year term and National Mortgage Guarantee is 3.55 percent - …

Inflation rose to 2.3% in Europe. That won’t stop the central bank from cutting interest rates
3 weeks, 4 days ago

Inflation rose to 2.3% in Europe. That won’t stop the central bank from cutting interest rates

Associated Press  

FRANKFURT, Germany — Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom over weak growth. The European Union’s harmonized index of consumer prices stood up 2.3% …

Eurozone financial stability remains strained: ECB
1 month ago

Eurozone financial stability remains strained: ECB

China Daily  

Xinhua | Updated: 2024-11-21 09:05 This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. FRANKFURT - The European Central Bank said on Wednesday in a report that financial stability vulnerabilities remain elevated in the euro area. According to the November edition of its Financial Stability Review, the ECB considers the euro area's financial stability to …

Eurozone financial stability remains strained: ECB
Trending News
1 month ago

Eurozone financial stability remains strained: ECB

China Daily  

This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. FRANKFURT - The European Central Bank said on Wednesday in a report that financial stability vulnerabilities remain elevated in the euro area. According to the November edition of its Financial Stability Review, the ECB considers the euro area's financial stability to be vulnerable in a "volatile …

Eurozone financial stability remains strained: ECB
1 month ago

Eurozone financial stability remains strained: ECB

China Daily  

This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. FRANKFURT - The European Central Bank said on Wednesday in a report that financial stability vulnerabilities remain elevated in the euro area. According to the November edition of its Financial Stability Review, the ECB considers the euro area's financial stability to be vulnerable in a "volatile …

Germany narrowly avoids recession after interest rate cut
1 month, 3 weeks ago

Germany narrowly avoids recession after interest rate cut

The Telegraph  

“The pandemic and the war in Ukraine have accelerated the structural weakness but are not the original reasons for the current situation. In a world in which – at least, in manufacturing – China has become the new Germany, Germany’s old business model of cheap energy and easily accessible large export markets is no longer working,” he said. France’s growth …

ECB's Interest Rate Cut: A Gradual Shift Towards Neutral
2 months, 1 week ago

ECB's Interest Rate Cut: A Gradual Shift Towards Neutral

Live Mint  

European Central Bank lowers interest rates for the third time this year to support growth. The key deposit rate was cut by a quarter-point to 3.25% — as predicted by all analysts in a Bloomberg survey. The ECB said the process of taming prices should be complete “in the course of next year”. However, officials didn’t specify when or how …

Inflation in Europe falls below 2% and opens the way for faster rate cuts
2 months, 3 weeks ago

Inflation in Europe falls below 2% and opens the way for faster rate cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

ECB announces second interest rate cut of this year
3 months, 1 week ago

ECB announces second interest rate cut of this year

China Daily  

European Union flags flutter in Frankfurt, Germany on Sept 12. FRANKFURT -- The European Central Bank on Thursday announced it would cut key interest rates again, marking its second rate reduction this year following a move in June, with no indication of the future rate path. In a press release, the ECB announced that it has decided to reduce the …

ECB announces second interest rate cut of this year
3 months, 1 week ago

ECB announces second interest rate cut of this year

China Daily  

European Union flags flutter in Frankfurt, Germany on Sept 12. FRANKFURT -- The European Central Bank on Thursday announced it would cut key interest rates again, marking its second rate reduction this year following a move in June, with no indication of the future rate path. In a press release, the ECB announced that it has decided to reduce the …

Rate cut expected as eurozone inflation falls
3 months, 3 weeks ago

Rate cut expected as eurozone inflation falls

China Daily  

EU flags flutter in front of European Central Bank headquarters in Frankfurt, Germany on July 18. Bert Colijn, an economist at ING, told the Financial Times newspaper the fact that Eurostat, the European Union's official statistics agency, declared the eurozone's inflation rate to be within a whisker of the ECB's target of 2 percent means rate cuts will be likely …

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
5 months ago

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

Associated Press  

FRANKFURT, Germany — The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again. She added that “obviously, given the size of the US financial markets in particular, the developments taking place in the United …

Europe's central bank hits pause on rate cuts as inflation takes its sweet time to come down to 2%
5 months ago

Europe's central bank hits pause on rate cuts as inflation takes its sweet time to come down to 2%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Home buyers and businesses waiting …

ECB puts interest rates on hold
5 months ago

ECB puts interest rates on hold

China Daily  

EU flags flutter in front of European Central Bank headquarters in Frankfurt, Germany on July 18. FRANKFURT -- The European Central Bank on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged …

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
5 months, 3 weeks ago

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

Associated Press  

FRANKFURT, Germany — Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate. The ECB’s caution in making sure inflation is under control comes as the U.S. Federal …

Recovering euro keeps dollar ‘gorilla’ from scuppering ECB rate outlook
7 months, 1 week ago

Recovering euro keeps dollar ‘gorilla’ from scuppering ECB rate outlook

The Hindu  

The euro has resisted falling to parity with the dollar for now, thanks to a rosier economic backdrop, to the relief of European Central Bank policymakers who could be struggling to detach themselves from the Federal Reserve’s monetary policy outlook. Just a month ago, the euro’s fall to five-month lows prompted talk among analysts about a return to parity against …

Europe’s economy has stalled. But an interest rate cut will likely have to wait for summer
9 months, 2 weeks ago

Europe’s economy has stalled. But an interest rate cut will likely have to wait for summer

Associated Press  

FRANKFURT, Germany — Inflation in Europe is way down from its painful double-digit peak, and the economy has stalled. But the European Central Bank left its key interest rate at a record high Thursday, and its leader suggested a much-anticipated cut to borrowing costs would likely wait until June. The decision comes as central banks around the world, including the …

European Central Bank may or may not lower borrowing costs, says Holzmann
10 months, 1 week ago

European Central Bank may or may not lower borrowing costs, says Holzmann

Live Mint  

It’s not guaranteed that the European Central Bank will lower borrowing costs this year as inflation risks persist, according to Governing Council Member Robert Holzmann. “There is a certain chance that there will be no interest-rate cut at all this year or only at the very end of the year,” Holzmann, who also heads Austria’s central bank, said in an …

ECB keeps key rates steady at record 4%; lowers 2024 inflation, growth forecasts
1 year ago

ECB keeps key rates steady at record 4%; lowers 2024 inflation, growth forecasts

Live Mint  

The European Central Bank has left the key interest rates unchanged at a record-high level of 4 per cent for the second straight meeting and signaled an early end to its last remaining bond purchase scheme, which helped support the euro across the 20-nation euro zone. that can very much take the form of holding.” Lagarde, who described herself as …

Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy
1 year, 1 month ago

Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The European Central Bank is …

European Central Bank likely to keep current high interest rates for a year
1 year, 2 months ago

European Central Bank likely to keep current high interest rates for a year

NL Times  

Klaas Knot, the president of De Nederlandsche Bank, stated in an interview with ANP that the European Central Bank is likely to keep interest rates in the Eurozone at their current high level for at least another year. Last month, the central bank in Frankfurt raised the Eurozone's interest rate for the tenth consecutive time, reaching its highest level ever. …

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom
1 year, 2 months ago

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom

Associated Press  

FRANKFURT, Germany — Inflation that has plagued Europeans declined sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won’t have to further restrict the economy by raising interest rates from already-record highs. But recently higher oil prices are casting …

Interest rates will stay high ‘as long as necessary,’ the European Central Bank’s leader says
1 year, 2 months ago

Interest rates will stay high ‘as long as necessary,’ the European Central Bank’s leader says

Associated Press  

FRANKFURT, Germany — The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Christine Lagarde said rates would stay high because upward pressure on prices “remains strong” in the 20 countries that use the euro currency. “We remain determined to ensure …

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
1 year, 2 months ago

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The head of the European …

ECB raises rates again even as threat of recession grows
1 year, 3 months ago

ECB raises rates again even as threat of recession grows

The Hindu  

The European Central Bank piled on a 10th straight interest rate increase Thursday, pressing forward in its fight against stubbornly high inflation that has been plaguing consumers even as worries grow that higher borrowing costs could help push the economy into recession. The increase of a quarter-percentage point comes as central banks around the world, including the U.S. Federal Reserve, …

Europe’s inflation held steady in August as European Central Bank keeps an open mind on rates
1 year, 3 months ago

Europe’s inflation held steady in August as European Central Bank keeps an open mind on rates

Associated Press  

FRANKFURT, Germany — Annual inflation held steady in Europe in August as food prices raced ahead of falling fuel costs, but there was no clarity about whether the European Central Bank will pause its record series of interest rate hikes. European Central Bank President Christine Lagarde has said that the interest rate decision at the Sept. 14 policy meeting will …

Rupee under threat from rising interest rates in U.S., Europe? There may be a way out
1 year, 4 months ago

Rupee under threat from rising interest rates in U.S., Europe? There may be a way out

India Today  

Indians bear the brunt of high prices both directly and indirectly. However, if prices grow in advanced economies, their central banks raise interest rates and that strengthens the dollar or their currencies and weakens the rupee, eventually. On the other hand, the European Central Bank raised interest rates nine times from zero per cent in January 2022 to 4.25 per …

European Central Bank hikes interest rates to combat inflation and leaves door open to more
1 year, 4 months ago

European Central Bank hikes interest rates to combat inflation and leaves door open to more

Associated Press  

FRANKFURT, Germany — The European Central Bank raised interest rates for the ninth straight time Thursday in its yearlong campaign to stamp out painfully high inflation and kept the door open to further hikes despite increasing fears of recession. ECB President Christine Lagarde had all but promised the quarter-percentage point increase and said the bank’s next moves would be determined …

At 3.25%, ECB hikes rates to 22-year high as it battles inflation; check details
1 year, 6 months ago

At 3.25%, ECB hikes rates to 22-year high as it battles inflation; check details

Live Mint  

The European Central Bank on June 15 lifted interest rates by another quarter-point - to their highest level in 22 years and left the possibility for more hikes, extending its fight against high inflation amid faltering euro zone economy. “Future decisions will ensure that the key ECB interest rates will be brought to levels sufficiently restrictive to achieve a timely …

Europe’s inflation inches up ahead of interest rate decision
1 year, 7 months ago

Europe’s inflation inches up ahead of interest rate decision

Associated Press  

FRANKFURT, Germany — Europe’s painful inflation has inched higher, extending the squeeze on households and keeping pressure on the European Central Bank to unleash what could be another large interest rate increase. Food price inflation eased a little, falling to an annual rate of 13.6% from March’s 15.5%, while energy prices rose a more modest 2.5%. A smaller hike would …

Fed’s unwanted ally in bid to tame inflation: Credit crunch
1 year, 9 months ago

Fed’s unwanted ally in bid to tame inflation: Credit crunch

Associated Press  

WASHINGTON — The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: a cutback in bank lending. “It can come from tighter credit conditions.” Similarly, after the European Central Bank raised its own benchmark rate by a substantial half percentage point last week, its …

ECB’s Lagarde: Future rate hikes open amid banking turmoil
1 year, 9 months ago

ECB’s Lagarde: Future rate hikes open amid banking turmoil

Associated Press  

FRANKFURT, Germany — European Central Bank President Christine Lagarde said future interest rate decisions are open after upheaval in the global banking system left the economic outlook “blurrier” than just a few weeks ago. Whether to keep hiking rates would depend on incoming data, above all whether the bank could see signs that painfully high inflation is headed convincingly down, …

ECB sticks to planned 50 bps rate hike despite banking turmoil
1 year, 9 months ago

ECB sticks to planned 50 bps rate hike despite banking turmoil

Live Mint  

The European Central Bank on Thursday carried through with a large interest rate increase to planned 50 basis points as promised to cool the economy and tamp down inflation. How global markets are reacting Wall Street's main indexes opened lower today after shares of First Republic Bank crashed amid fears of a banking crisis, while a large interest rate hike …

European Central Bank hikes rates, vows ‘we are not done’
1 year, 10 months ago

European Central Bank hikes rates, vows ‘we are not done’

Associated Press  

FRANKFURT, Germany — The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more will follow, underlining its drive to subdue inflation even as the economy slows and the U.S. Federal Reserve eases its pace of increases. The bank, which also hiked by a half-point in December, “will stay the course in raising interest rates …

Economic Watch: ECB ratchets up hawkishness as inflation stings
2 years ago

Economic Watch: ECB ratchets up hawkishness as inflation stings

China Daily  

The European Central Bank ratcheted up its hawkishness to fight spiraling inflation after a governing council meeting here on Thursday. FOUR CONSECUTIVE RATE HIKES After the latest ECB rate hike, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 2.5 percent, 2.75 percent and …

European Central Bank slows rate hikes but vows more ahead
2 years ago

European Central Bank slows rate hikes but vows more ahead

Associated Press  

FRANKFURT, Germany — The European Central Bank slowed its record pace of interest rate increases slightly Thursday but promised that more hikes are on the way, joining the U.S. Federal Reserve and other central banks in reinforcing an inflation crackdown despite some recent headway against the high prices that are plaguing consumers. The ECB, Bank of England and Swiss National …

Europe sees fastest pace of rate hikes since euro launched
2 years, 1 month ago

Europe sees fastest pace of rate hikes since euro launched

Associated Press  

FRANKFURT, Germany — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the fastest pace in the euro currency’s history and underscoring the bank’s determination to control prices despite the threat of recession. ECB President Christine Lagarde acknowledged the risk is growing that the 19-country eurozone may plunge into recession …

ECB doubles rate to most in over a decade despite recession fear
2 years, 1 month ago

ECB doubles rate to most in over a decade despite recession fear

Live Mint  

The European Central Bank doubled its key interest rate to the highest level in more than a decade, intensifying its broadside against record inflation in the face of a likely recession. “The Governing Council took today’s decision, and expects to raise interest rates further, to ensure the timely return of inflation to its 2% medium-term inflation target.” Money markets pared …

Eurozone facing 'severe risks' to financial stability, admits ECB
2 years, 2 months ago

Eurozone facing 'severe risks' to financial stability, admits ECB

The Telegraph  

The eurozone’s financial system is ­facing “severe risks” from the chaos gripping global markets, the European Central Bank said in an unprecedented warning as Germany unveiled a €200bn borrowing binge. A fresh wave of selling hit stocks across the world today as central bank officials continued to fuel expectations of aggressive interest rate increases to cool red-hot inflation, with US …

Europe’s outlook ‘darkening,’ ECB head hedges on recession
2 years, 2 months ago

Europe’s outlook ‘darkening,’ ECB head hedges on recession

Associated Press  

FRANKFURT, Germany — The head of the European Central Bank said Monday that the economic outlook “is darkening” and she expects business activity to “slow substantially” in the coming months as high energy and food prices pushed up by the war in Ukraine sap consumer spending power. ECB President Christine Lagarde hedged her remarks to the European Parliament regarding whether …

ECB raises rates for the first time in 11 years
2 years, 5 months ago

ECB raises rates for the first time in 11 years

CNN  

London CNN Business — In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its key interest rate by a half percentage point. The central bank had previously indicated that it would increase rates by a smaller margin, but decided it needed to be more aggressive based on an “updated assessment …

ECB hikes interest rates for first time in 11 years
2 years, 5 months ago

ECB hikes interest rates for first time in 11 years

Al Jazeera  

Concerns over runaway inflation have mounted amid economic uncertainty in wake of Russia’s invasion of Ukraine. The ECB raised its benchmark deposit rate by 50 basis points to 0 percent on Thursday, despite for weeks guiding markets to expect a 25 basis point increase. The goal for all central banks is to get inflation back down to acceptable levels – …

Italy political turmoil a headache for Europe’s central bank
2 years, 5 months ago

Italy political turmoil a headache for Europe’s central bank

Associated Press  

FRANKFURT, Germany — Italian Prime Minister Mario Draghi’s offer to resign has sent unsettling ripples through financial markets, bringing back bad memories of Europe’s debt crisis a decade ago and complicating the European Central Bank’s job as it raises interest rates for the first time in 11 years to combat record inflation. But the ECB doesn’t want jittery markets sending …

Eurozone emergency as another debt crisis looms
2 years, 6 months ago

Eurozone emergency as another debt crisis looms

The Telegraph  

Emergency meetings of the European Central Bank are not a common affair, reserved for particularly acute crises. The last took place in March 2020 as coronavirus swept across Europe, while others occurred during the eurozone crisis of the early 2010s. An announcement of an unscheduled meeting on Wednesday morning, seen as a response to recent dramatic moves between Italian and …

European Central Bank tries to ease fears of debt crisis after bond ‘panic’
2 years, 6 months ago

European Central Bank tries to ease fears of debt crisis after bond ‘panic’

CNN  

London/New York CNN Business — The European Central Bank has tried to calm fears of a debt crisis by promising “flexibility” in managing its huge balance sheet and accelerating work on new ways to reduce stress on heavily indebted countries like Italy and Greece as interest rates rise. In response to the sharp market sell-off, which revived memories of the …

Europe's Central Bank to hike interest rates in July amid soaring inflation
2 years, 6 months ago

Europe's Central Bank to hike interest rates in July amid soaring inflation

The Hindu  

The European Central Bank said Thursday that it would carry out its first interest rate increase in 11 years next month, followed by another hike in September, as it catches up with other central banks worldwide in pivoting from supporting the economy during the pandemic to squelching soaring inflation. The surprise announcement came after the bank's 25-member monetary policy council …

Talking markets: Investors reassess expectations for ECB rate rises after Ukraine invasion
2 years, 9 months ago

Talking markets: Investors reassess expectations for ECB rate rises after Ukraine invasion

Live Mint  

Eurozone government bond yields slid by a historic magnitude on Tuesday as investors substantially downgrade expectations for how much and how fast the European Central Bank will raise interest rates this year, analysts said. “Headwinds to activity, deteriorating financing conditions and huge uncertainties will likely make the ECB’s Governing Council less decisive on the future policy path," said Martin Wolburg, …

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