The European Central Bank (ECB) raised interest rates on Thursday for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the US Federal Reserve
The European Central Bank’s (ECB’s) vice president called on Monday for further consolidation and cost reductions by eurozone banks to improve battered profitability.
The European Central Bank (ECB) has launched a broad review of its policy on Thursday that is likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it.
The European Central Bank on Wednesday formally launched a pilot project to create a “digital euro”, in response to the growing popularity of electronic payments and the rise of cryptocurrencies. “Our work aims to ensure that in the digital
The euro rallied to a three-month high and Italy’s borrowing costs tumbled on Thursday, after the European Central Bank ramped up stimulus to shore up an economy ravaged by the coronavirus pandemic.
World shares tapped the brakes on Thursday as China troubles struck again, while Europe’s bond markets steadied after confident-sounding ECB policymakers had caused their sharpest selloff in six months.
The eurozone’s recovery from its pandemic-induced economic downturn was much stronger than expected in April as the service industry adapted to lockdowns and made a surprise return to growth, a survey showed.
For purist feminists with an eye on Europe, the past week has been pretty good. After decades of male dominance at the top of two of Europe’s most powerful institutions, Ursula von der Leyen and Christine Lagarde unexpectedly secured the backing of the bloc’s leaders to head up the European Commission and the
The European Central Bank raised its key interest rate to a record high of 4% on Thursday but, with the euro zone economy in the doldrums,
The European Central Bank needs to see further progress in dampening inflationary pressures, and companies along with governments need to chip in to prevent more policy tightening, ECB policymakers said on Wednesday. The ECB snapped a steak of ten straight rate hikes last month, and investors are