Articles for European Central

Slovak PM Robert Fico says could return to work ‘in several weeks’
6 months, 2 weeks ago

Slovak PM Robert Fico says could return to work ‘in several weeks’

Al Jazeera  

In first public speech since surviving assassination attempt, Fico says he feels ‘no hatred’ towards his attacker. Slovakia’s Prime Minister Robert Fico has posted a speech online, his first appearance since he was seriously wounded in an assassination attempt three weeks ago. In a prerecorded speech on his Facebook page on Wednesday, ahead of the European Parliament election, Fico said …

European Fico
Auto part firms eye opportunities in Central Europe
7 months, 1 week ago

Auto part firms eye opportunities in Central Europe

China Daily  

A screenshot from the website of Chervon-Auto Precision Technology. A growing number of Chinese companies are venturing overseas and launching localized production to embrace globalization, with Hungary emerging as a hot spot of investment, thanks to its strategic location, favorable policies and proactive efforts to attract Chinese auto part manufacturers, said business executives. We also sensed strong demand from our …

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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 …

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European Central Bank raises interest rates to 22-year high
1 year, 4 months ago

European Central Bank raises interest rates to 22-year high

The Telegraph  

Eurozone interest rates have climbed to the highest level for 22 years as the European Central Bank indicated it is preparing to take borrowing rates to a record high in the coming months. The European Central Bank took its headline deposit rate to 3.75pc, matching the record high last seen in 2001, as President Christine Lagarde said she was willing …

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European Central Bank expected to slow pace of rate hikes
2 years ago

European Central Bank expected to slow pace of rate hikes

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 …

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Inflation in Europe eases but is still in painful double digits
2 years ago

Inflation in Europe eases but is still in painful double digits

LA Times  

Inflation in Europe has eased for the first time in more than a year as energy prices drift down from painful highs, but the double-digit rate still hovers near a record and has robbed consumers of spending power and led economists to predict a recession. Roaring inflation is being fed by high energy prices, which have been caused by Russia …

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European Central Bank leader doubles down on rate increases
2 years, 1 month ago

European Central Bank leader doubles down on rate increases

Associated Press  

FRANKFURT, Germany — The head of the European Central Bank underlined the bank’s determination to fight rampant inflation with more interest rate increases on top of record hikes, saying Friday that “our job is far from being completed” and that even a mild recession would not be enough to bring rising prices back under control. ECB President Christine Lagarde said …

Europe Inflation Bank Prices Central Rate Higher
Indices end high, Sensex up 280; Nifty above 16,600; Banks, Metal surged
2 years, 5 months ago

Indices end high, Sensex up 280; Nifty above 16,600; Banks, Metal surged

Live Mint  

The resignation of Italian Prime Minister Draghi and ECB's near-certain rate hike later today had a negative effect on European stock. European stocks slipped on Thursday as investors braced for the European Central Bank’s first interest rate hike in 11 years, while Russia resumed sending gas to Europe through a key pipeline, dispelling investors’ worst fears. Kotak Mahindra sheds more …

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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 …

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European Central Bank gives no clear date for rate hikes
2 years, 8 months ago

European Central Bank gives no clear date for rate hikes

Associated Press  

The head of the European Central Bank reiterated Thursday that the bank would raise interest rates “some time after” ending its pandemic stimulus efforts later this year, sticking to a gradual path even as the United States, United Kingdom and other countries take a harder line to combat soaring consumer prices. Bank President Christine Lagarde, who previously opened the door …

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European Central Bank to taper pandemic stimulus, but gently
3 years ago

European Central Bank to taper pandemic stimulus, but gently

Associated Press  

FRANKFURT, Germany — The European Central Bank decided Thursday to avoid an abrupt end to its pandemic crisis support for the economy as the new omicron variant of COVID-19 stirs uncertainty about the recovery, despite inflation hitting record highs and the U.S. speeding up its stimulus exit. The bank confirmed that it will phase out its 1.85 trillion euro pandemic …

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European Central Bank keeps pandemic support going
3 years, 1 month ago

European Central Bank keeps pandemic support going

Associated Press  

FRANKFURT, Germany — The European Central Bank decided Thursday to keep its pandemic stimulus efforts unchanged even as consumer prices spike and central banks in other parts of the world look to dial back support as their economies bounce back from the worst of the COVID-19 outbreak. Bank President Christine Lagarde underlined that the burst of inflation was temporary and …

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