Euro area to get back half what it’s spending on war fallout – ECB
FRANKFURT – Euro zone countries are spending more than they will get back to cushion the economic hit from the Ukraine war via fuel subsidies and other support measures, the European Central…
As ECB pares back stimulus, investors alert for fragmentation risk
By Dhara Ranasinghe LONDON – As the European Central Bank races towards the stimulus exit to tame record-high inflation, angst about whether it can contain stress in weaker economies is creeping back…
ECB policymakers push for quick monetary policy normalisation
By Jesús Aguado MADRID -The European Central Bank will likely start raising interest rates shortly after ending its bond-buying programme early in the third quarter, with the potential for further hikes in…
ECB tells banks to buckle up as Ukraine war hits economy
FRANKFURT – The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the economy and a sudden surge in interest…
ECB to hike deposit rate 25 bps in July, ditch negative rates by end-September: Reuters poll
By Swathi Nair BENGALURU – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it out of negative…
ECB may kick off development of digital euro by end-2023, Panetta says
FRANKFURT – The European Central Bank may kick off the development of its digital euro, an electronic version of banknotes and coins, by the end of next year, ECB board member Fabio…
ECB doesn’t need spread-fighting tool right now, Nagel says
ELTVILLE AM MAIN, Germany – The European Central Bank does not need at present to come up with a new tool to keep bond spreads in check and should instead focus on…
ECB should raise rates in July to curb inflation -Bundesbank chief
ELTVILLE AM RHEIN, Germany -The European Central Bank should raise interest rates in July to stop high inflation becoming entrenched, German Bundesbank chief Joachim Nagel said on Tuesday, joining an already long…
ECB must keep inflation expectations at bay – Elderson
FRANKFURT – Euro zone inflation is “very high” and the European Central Bank needs to ensure that this does not get entrenched in inflation expectations, ECB board member Frank Elderson said on…
ECB must quickly raise key rates, says head of Germany’s Ifo institute
BERLIN – The European Central Bank must quickly raise interest rates in line with the United States, given high inflation in the euro zone, the head of Germany’s Ifo institute told the…
ECB sees sequence of moves to lift rates into positive territory: Lane
FRANKFURT -The European Central Bank is preparing for a sequence of rate hikes that will put its benchmark rate in positive territory, but the path it takes is more important than the…
Analysis-Barely visible wage growth already a trigger for ECB
By Balazs Koranyi FRANKFURT – Wage growth in Europe is still barely visible but underlying pressures are intense and the European Central Bank may already have left it too late to stop…
ECB may hike rates in July to combat extreme inflation -Schnabel
FRANKFURT -The European Central Bank may need to raise interest rates as soon as July to stop “extremely high” inflation from getting entrenched, ECB board member Isabel Schnabel told German newspaper Handelsblatt…
Nearly one in three ECB bosses is German as France lags
FRANKFURT – One in three managers at the European Central Bank is German, giving the ECB’s host country an ever bigger representation than its size would imply, ECB data showed on Thursday.…
Poorer people trust the ECB less, study finds
FRANKFURT – Poorer households trust the European Central Bank less, particularly in countries where income inequality is greater, an ECB study showed on Wednesday. The ECB and many of the world’s other…
ECB has room for 2-3 rate hikes this year, says Kazaks
FRANKFURT – The European Central Bank should raise interest rates soon and has room for up to three hikes this year, ECB policymaker Martins Kazaks told Reuters, joining a chorus of policymakers…
Lagarde tells ECB policymakers to hold back criticism, leaks – sources
By Balazs Koranyi and Francesco Canepa WASHINGTON – European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for several days, a move critics say stymies…
All large euro zone banks can withstand Russian write-off, ECB says
FRANKFURT – All large euro zone banks can withstand a full write-off of their Russian exposure and still respect their capital requirements, the European Central Bank’s top supervisor Andrea Enria said in…
Euro zone faces slower growth, higher prices as war hits: ECB poll
FRANKFURT – The euro zone economy faces slower economic growth and higher inflation as Russia’s invasion of Ukraine pushes up costs, disrupts trade and hits confidence, a European Central Bank poll of…
ECB cannot ensure growth, but should stabilize prices – Lindner
By Christian Kraemer BERLIN -Inflation is the biggest threat to public finances and the European Central Bank should act on its mandate to stabilise prices, German Finance Minister Christian Lindner told Reuters,…
ECB closely monitoring inflation expectations, Lagarde says
FRANKFURT – Measures of underlying inflation in the euro zone have risen above the European Central Bank’s 2% target and the ECB is closely monitoring inflation expectations, its president Christine Lagarde said…
Euro zone banks to tighten corporate credit access on war fears: ECB
FRANKFURT -Euro zone banks plan to sharply tighten access to corporate credit in the second quarter as the war in Ukraine weighs on the outlook and cuts deep into their risk tolerance,…
ECB move to temper energy costs would push up unemployment – DIW think tank
FRANKFURT – The European Central Bank could cut households’ fuel bill by raising interest rates but that would weigh on industrial output and boost unemployment, the German Institute for Economic Research or…
ECB could raise interest rates back to zero this year – Wunsch
FRANKFURT – The European Central Bank could raise interest rates back to zero already this year to fight high inflation, Belgian central bank chief Pierre Wunsch said in a magazine interview, joining…
ECB expects to hike rates after ending bond buys in Q3: Schnabel
By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this year, ECB…
ECB needs time to analyse fallout from ‘very high’ inflation: Lane
FRANKFURT – Euro zone inflation is “very high” but the European Central Bank needs time to assess the net impact of higher energy prices on workers’ wage demands and costs for households…
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