ECB

ECB lifts rates by unprecedented 75 bps to fight inflation

ECB lifts rates by unprecedented 75 bps to fight inflation

Register now for FREE unlimited access to Reuters.com Register Raises deposit rate to 0.75% from zero Euro zone inflation uncomfortably high and rising New ECB forecasts show higher inflation, lower growth More rate hikes flagged Lagarde to speak at 1245 GMT FRANKFURT, Sept 8 (Reuters) – The European Central Bank raised its key interest rates …

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ECB officials warn of ‘sacrifice’ needed to tame surging inflation

ECB officials warn of ‘sacrifice’ needed to tame surging inflation

A larger “sacrifice” will be needed to tame inflation than in previous bouts of monetary policy tightening, according to European Central Bank officials who warned that price growth risks spinning out of control if forceful action is not taken. Isabel Schnabel, an ECB executive board member, and François Villeroy de Galhau, governor of the Banque de …

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ECB to discuss blocking banks from multibillion-euro windfall as rates rise

ECB to discuss blocking banks from multibillion-euro windfall as rates rise

The European Central Bank is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interest rates later this month. The €2.2tn of subsidised loans provided by the ECB to banks helped to avert a credit crunch …

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Banking body urges decisive wave of global rate hikes to stem inflation

Banking body urges decisive wave of global rate hikes to stem inflation

Plastic letters arranged to read “Inflation” are placed on U.S. Dollar banknote in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 26 (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised …

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ECB pledges new crisis tool to help indebted southern states

ECB pledges new crisis tool to help indebted southern states

Will focus reinvestments on high-debt members Central bank to devise new ‘anti-fragmentation’ tool Italian bond yield premium eases Lagarde says ECB must meet inflation mandate FRANKFURT/MILAN, June 15 (Reuters) – The European Central Bank promised fresh support for the bloc’s indebted southern rim on Wednesday, tempering a market rout that threatened a repeat of the …

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Emergency ECB meeting lifts Europe, Fed ready to go big

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, U.S. yields off decade top China economic data slightly beat forecasts, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European Central Bank …

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