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  • ECB's Lagarde says inflation hasn't peaked, may surprise Nov 29, 2022 06:54 AM IST

    ECB's Lagarde says inflation hasn't peaked, may surprise

    Inflation in the euro zone hit a record 10.6 percent on an annualised basis last month, but economists polled by Reuters expect it to edge down to 10.4 percent in a flash reading for November due to be published this week

  • European Central Bank raises interest rates by 75 basis points Oct 27, 2022 06:04 PM IST

    European Central Bank raises interest rates by 75 basis points

    The ECB unleashed another jumbo rate hike on the eurozone to combat record-high inflation.

  • Asia shares edge higher as dollar eases Sep 09, 2022 09:09 AM IST

    Asia shares edge higher as dollar eases

    MSCI's broadest index of Asia-Pacific shares outside Japan eked out a gain of 0.3% early on Friday. But it was headed for a weekly drop of 1.2%, battered by a slew of outsized rate hikes from global central banks this week - and the expectations of more to come.

  • Gold struggles for direction as investors focus on ECB, Jerome Powell Sep 08, 2022 03:33 PM IST

    Gold struggles for direction as investors focus on ECB, Jerome Powell

    Spot gold was little changed at $1,717.30 per ounce, as of 0852 GMT, after rising nearly 1% in the previous session. U.S. gold futures edged 0.1% higher to $1,728.60.

  • ECB poised for another big rate hike as inflation soars Sep 08, 2022 06:30 AM IST

    ECB poised for another big rate hike as inflation soars

    Policymakers scramble to keep a lid on the bloc's most damaging bout of price growth in nearly half a century as it eats up household savings and weighs on business output

  • European equities rebound as ECB vows to avoid bond stress Jun 15, 2022 08:41 PM IST

    European equities rebound as ECB vows to avoid bond stress

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  • ECB to discuss market rout in unscheduled meeting Jun 15, 2022 12:06 PM IST

    ECB to discuss market rout in unscheduled meeting

    Bond yields have risen sharply since the ECB promised a series of rate hikes last Thursday and the spread between the yields of Germany and more indebted southern nations, particularly Italy, soared to its highest in over two years.

  • ECB raises inflation, cuts growth forecasts Jun 09, 2022 06:11 PM IST

    ECB raises inflation, cuts growth forecasts

    The ECB now sees inflation over its 2% target throughout its projection horizon, accepting that rapid price growth is not nearly as temporary as it had forecast for the past year.

  • ECB ends bond buys, signals 25 bps July rate hike Jun 09, 2022 05:20 PM IST

    ECB ends bond buys, signals 25 bps July rate hike

    The European Central Bank ended a long-running stimulus scheme on Thursday and signalled a series of rate hikes that may be scaled up from September if the inflation outlook fails to improve.

  • ECB holds rates at record lows, confirms stimulus exit plan Apr 14, 2022 05:29 PM IST

    ECB holds rates at record lows, confirms stimulus exit plan

    The rate on the ECB's main refinancing operations remains at zero, its marginal lending facility at 0.25 percent and its bank deposit rate at negative 0.5 percent.

  • Russia-Ukraine Conflict: ECB speeds up stimulus exit even as Ukraine war ups uncertainty Mar 10, 2022 07:52 PM IST

    Russia-Ukraine Conflict: ECB speeds up stimulus exit even as Ukraine war ups uncertainty

    With price growth in the euro zone at a record high even before Moscow began its assault on Feb. 24, policymakers were already pushing for a quicker exit from its asset purchases, opening the way for an interest rate hike late this year.

  • Euro near three-week top, but looming Fed tightening could help dollar Feb 07, 2022 07:16 AM IST

    Euro near three-week top, but looming Fed tightening could help dollar

    Investors this week will be watching for US inflation data due Thursday, with a strong reading cementing expectations that the Fed will raise rates at its March meeting and hint at the possibility of a large 50 basis point rise.

  • A jump in European inflation adds pressure on ECB to act Feb 03, 2022 05:27 PM IST

    A jump in European inflation adds pressure on ECB to act

    Inflation in the eurozone set its latest record, climbing to 5.1 percent in January, amid persistently high energy costs and tensions over Ukraine.

  • Dollar takes a break from this week's slide ahead of BoE, ECB meetings Feb 03, 2022 01:15 PM IST

    Dollar takes a break from this week's slide ahead of BoE, ECB meetings

    The risk-sensitive Australian and New Zealand dollars fell slightly in the Asia session. Sterling slipped and the euro was marginally weaker at $1.1297. The yen dropped a fraction to 114.51 per dollar.

  • Digital currencies may become legal tender by central banks: Report Nov 09, 2021 07:38 PM IST

    Digital currencies may become legal tender by central banks: Report

    On November 9, while speaking on a panel in Helsinki on central bank digital currencies (CBDCs), European Central Bank Executive Board member Fabio Panetta told that the outcome may likely be in euro area.

  • ECB sticks to stimulus amid rising eurozone inflation Oct 28, 2021 09:16 PM IST

    ECB sticks to stimulus amid rising eurozone inflation

    The ECB's conditions for increasing interest rates were "not satisfied and certainly not in the near future", Lagarde said, pushing back against market expectations that a hike could come as early as 2022.

  • ECB to test banks' resistance to climate risks next year Oct 18, 2021 09:40 PM IST

    ECB to test banks' resistance to climate risks next year

    ECB stress tests will gauge "how extreme weather events would affect banks" and how their business would be affected by a "sharp" rise in the price of carbon as a result of new environmental rules.

  • Central banks tiptoe towards tapering Sep 19, 2021 04:25 PM IST

    Central banks tiptoe towards tapering

    Markets have been reacting to every economic indicator -- from inflation to unemployment to consumer spending -- in a guessing game over whether they will make central banks adjust their policies earlier or later than expected.

  • European Central Bank easing emergency pandemic support Sep 09, 2021 05:44 PM IST

    European Central Bank easing emergency pandemic support

    The bank said on Thursday that it could conduct its bond purchase stimulus at “a moderately lower pace” than in recent months. Since March the statement has said that the bank would purchase bonds at a “significantly higher pace” than in the first three months of the year.

  • ECB pledges to keep rates low until inflation hits new 2% target Jul 22, 2021 05:31 PM IST

    ECB pledges to keep rates low until inflation hits new 2% target

    The 25-member governing council 'expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching two per cent well ahead of the end of its projection horizon and durably for the rest of the projection horizon,' the bank said in a statement.

  • ECB projects brighter outlook but keeps "steady hand" on stimulus Jun 11, 2021 03:04 PM IST

    ECB projects brighter outlook but keeps "steady hand" on stimulus

    "We believe that the steady hand is actually the right response," ECB President Christine Lagarde told a news conference, stressing that tapering, exiting or transitioning away from the 1.85 trillion euro Pandemic Emergency Purchase Programme had not even been discussed.

  • ECB sees scope for economic rebound as vaccines are rolled out Apr 22, 2021 10:56 PM IST

    ECB sees scope for economic rebound as vaccines are rolled out

    Lagarde stressed the overall situation was still 'clouded with uncertainty', however, due to factors ranging from the possible spread of new virus variants to risks to financing conditions and continued pressures on struggling sectors of the economy.

  • ECB signals faster money-printing to combat rise in yields Mar 11, 2021 06:53 PM IST

    ECB signals faster money-printing to combat rise in yields

    The widely expected move comes after a steady rise in yields since the start of the year that has mostly mirrored a similar move in U.S. Treasuries rather than reflecting improved economic prospects across the euro zone.

  • The economic challenges facing Italy's 'Super Mario' Feb 04, 2021 07:50 PM IST

    The economic challenges facing Italy's 'Super Mario'

    Here are the main economic issues facing Mario Draghi if he succeeds in forming a new government.

  • Italy looks to 'Super Mario' Draghi to end political crisis Feb 03, 2021 06:34 PM IST

    Italy looks to 'Super Mario' Draghi to end political crisis

    Draghi told reporters he accepted the mandate knowing that Italy faces the multiple challenges of a health care crisis, a national vaccination campaign and an economic recession and at the same time will have “extraordinary" resources from the European Union to try to help the economy relaunch.