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…
ECB sees inflation stabilising around 2% target: Lane
FRANKFURT – Euro zone inflation is increasingly likely to stabilise around 2% but the European Central Bank should be ready to change course if the outlook deteriorates due to Russia’s war in…
ECB tells banks to cut lending to indebted borrowers after binge
FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance sheets if the economy turns south or…
ECB objects to EU’s plan to water down banking rules
FRANKFURT – European Union lawmakers should not grant banks exceptions from new global rules designed to avoid a new financial crisis, highlighting risks relating to housing and derivatives, the European Central Bank…
ECB to tighten banks’ access to loans after pandemic-era largesse
FRANKFURT – The European Central Bank will tighten banks’ access to its liquidity from July by phasing out exceptionally easy collateral rules introduced at the onset of the coronavirus pandemic, the ECB…
ECB warns crypto firms against sanctions busting
FRANKFURT – Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry against becoming “accomplices” in that crime, ECB…
ECB must focus on underlying inflation, Villeroy says
PARIS – The European Central Bank (ECB) needs to look beyond short-term swings in energy prices and focus on underlying inflation trends, ECB policymaker Francois Villeroy de Galhau said on Tuesday. Villeroy,…
ECB should consider Greece’s progress in key bond decision – de Guindos
FRANKFURT – The European Central Bank should consider Greece’s economic progress when it decides whether to keep granting it funding despite its ‘junk’ credit rating in the coming days, the ECB’s vice-president…
ECB should keep 2022 rate hike on agenda, if inflation warrants it -Nagel
FRANKFURT – The European Central Bank should continue to normalize policy and raise interest rates, possibly as soon as this year, if the inflation outlook warrants it, Bundesbank President Joachim Nagel said…
ECB expects core inflation to fade as energy prices level off: Lane
FRANKFURT – Much of the underlying inflation in the euro zone is a factor of high energy prices and will likely fade over time as fuel costs off, European Central Bank chief…
ECB looking at ways to let Ukrainian refugees convert cash -sources
By Balazs Koranyi and Jan Strupczewski FRANKFURT/VERSAILLES – The European Central Bank is working on a financial facility to let millions of Ukrainian refugees convert their savings into hard currency, to help…
Pity poor ECB – bluff, error or remix?
By Mike Dolan LONDON – The European Central Bank’s decision to keep on tightening despite fear of war and stagflation has been criticised as either bluff or error – but may just…
Euro zone bond yields soar as ECB signal end to bond buys in Q3
By Yoruk Bahceli and Dhara Ranasinghe – Euro zone sovereign bond yields soared and the euro dipped on Thursday after the European Central Bank said it plans to end its bond buying…
ECB won’t raise rates until some time after net bond buying ends -Lagarde
FRANKFURT – The European Central Bank has no intention of raising interest rates until some time after it has ended its bond buying at the end of the third quarter, ECB President…
ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict
FRANKFURT – The European Central Bank raised its inflation projections on Thursday but cut its growth outlook as the conflict in Ukraine is likely to keep commodity prices high, sapping households’ purchasing…
Marketmind: ECB, Inflation, Oil
A look at the day ahead in markets from Sujata Rao After the U.S. S&P 500 index saw its biggest one-day gain since June 2020 and oil slumped 13%, it promises to…
Unloved euro catches a breath ahead of ECB
By Tom Westbrook SINGAPORE – The euro took a breather on Wednesday ahead of this week’s central bank meeting, while commodity currencies eased from recent peaks as investors reckoned war-driven surges in…
Ukraine upends stimulus exit: Five questions for the ECB
By Dhara Ranasinghe and Stefano Rebaudo LONDON – The European Central Bank’s plans to dial back stimulus have been upended by Russia’s invasion of Ukraine. Policymakers meeting on Thursday must now grapple…
ECB policymakers saw rate hike drawing closer in February
FRANKFURT – European Central Bank policymakers meeting last month agreed that the first interest rate hike in more than a decade was drawing closer as inflation showed signs of taking hold, the…
ECB should hold off on policy moves until Ukraine clarity: Panetta
FRANKFURT – The European Central Bank should hold off on removing any more stimulus for now as the war in Ukraine raises uncertainty and the bank still needs evidence that inflation will…
Don’t go back on quicker taper plans, ECB policymakers say
By Balazs Koranyi and Francesco Canepa FRANKFURT – European Central Bank policymakers remain open to accelerating their exit from bond buys even as the war in Ukraine raises uncertainty, and their biggest…
Italian banks’ govt bond holdings rise in January – ECB
MILAN – Italian lenders increased their domestic government bond holdings in January, European Central Bank data showed on Friday. Their portfolio rose to 419.62 billion euros ($468.84 billion) last month, compared with…
ECB to conduct comprehensive economic outlook assessment at March meeting
By Jan Strupczewski BRUSSELS – The European Central Bank will conduct a comprehensive assessment of the economic outlook after Russia’s attack on Ukraine at the bank’s March meeting, it said on Thursday.…
ECB should keep steady hand in face of shocks
FRANKFURT – The European Central Bank should keep a steady hand rather than tighten its policy in the face of external shocks like scarce supply and the green transition, ECB policymaker Mario…
ECB may need to cut short bond buys: Reinesch
FRANKFURT – The European Central Bank may need to end its bond buys sooner than earlier thought given mounting inflation risks, ECB policymaker Gaston Reinesch said, joining a growing number of rates-setters…
ECB policymakers to meet next week in Paris
FRANKFURT – European Central Bank policymakers will meet for “an informal get-together” next Thursday afternoon on the eve of a gathering of European Union finance ministers, the ECB said on Friday. “The…
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