Eurozone ministers weigh two-horse race to succeed Lagarde at the ECB
The Netherlands' Klaas Knot and Spain's Pablo Hernández de Cos are the sole contenders, as EU leaders seek to fill the post before France goes to the polls.
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Eurogroup opens nominations to succeed Lagarde at the ECB
Eurozone finance ministers are due to weigh the names on November 9, with three of the six seats at the top of the central bank now in play.
ECB holds rates despite inflation alarm as Lagarde prepares early exit
The pause came hours after Christine Lagarde announced she would leave the bank in February, three months after vowing to stay at the helm through the storm.
Lagarde announces early ECB exit as succession race opens
The former IMF chief is to leave the European Central Bank on February 7, 2027, nearly nine months before her eight-year term was due to end.
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Eurozone mortgage demand slumps as ECB rate rises bite
Lenders forecast an even steeper drop in the final quarter, as EU housing ministers prepared for another meeting on a crisis Brussels can only watch.
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ECB policymakers lose patience with Lagarde’s silence on early exit
Frustration inside the central bank has grown as the president weighs the chairmanship of the World Economic Forum and prepares to launch her memoirs.
ECB says AI is weakening workers’ bargaining power as Europe falls behind
Philip Lane told a Dublin summit that hiring plans were muted and that Europe hosted just 5 per cent of the world's AI computing capacity.
Nobel economics prize rewards the theory behind ECB rate decisions
Robert E. Hall and Michael Woodford have won for work that gave central banks their models for handling energy shocks and inflation.
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Tusk’s parliamentary majority moves to depose head of Polish central bank
Heads of the NBP in Poland are nominated by the head of state with that nomination having to be approved by parliament.
Eurogroup opens race to replace Schnabel on ECB board
Eurozone finance ministers have set an end-of-October deadline for nominations, putting the first of three senior European Central Bank vacancies formally in play.
Traders build record bets against the euro as energy costs and French debt weigh
The single currency has slid to its weakest level against the dollar since May 2025, with speculative short positions now at an all-time high.
ECB pushes cross-border bank mergers to close the gap with the US
Boris Vujčić said domestic takeovers had left euro area lenders without the scale to match American rivals, though fewer banks would also mean less choice for…
Eurozone inflation hits three-year high
The rate climbed to 3.
Fed raises US rates for first time in three years as Trump demands cuts
Kevin Warsh's first policy decision as chairman puts the US central bank on the same tightening path as the ECB and at odds with the president who appointed him.
ECB lifts rates for second time this year
The bank has kept its 2026 inflation forecast unchanged but revised up its projections for the following two years.
Lagarde plays down neutral rate as ECB raises borrowing costs again
The European Central Bank President said the theoretical benchmark carried little weight while the energy shock from the Iran war kept inflation above target.
Schnabel says ECB must raise rates further to contain inflation
"At the current policy rate, inflation is unlikely to return to target over the medium term, and therefore further tightening will be necessary".
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European banks raid Wall Street to close the investment banking gap
Barclays recruited Bank of America's Mike Joo to co-lead its investment bank, the latest senior hire from a US rival by a European lender that has been losing ground…
Lagarde says Europe cannot afford to miss AI as its growth model erodes
The European Central Bank chief told business leaders in Geneva that fragmented markets and fragmented finance are stopping European firms from reaching global size.
Revolut wins French banking licence but ECB curbs loom
The British fintech has gained a second banking base inside the European Union, though supervisors are reported to be preparing limits on what it can sell there.
Washington buys yen with euros while the ECB watches
The US Treasury funded its first joint currency operation with Tokyo since 1998 by selling the single currency rather than the dollar.
ECB puts new euro banknote designs to a public vote
Europeans have until September 21 to give their views on ten shortlisted proposals, though the final choice rests with the bank's Governing Council.
Spain backs Hernández de Cos in first bid for ECB presidency
Madrid has never held the eurozone's top monetary post and is moving early as speculation grows over Christine Lagarde's departure.
Parliament clears digital euro talks after right-wing groups force a vote
A third file in the same single currency package, on the legal tender status of euro banknotes and coins, was not contested.
ECB raises rates for first time since 2023
From June 17, the deposit facility rate rises to 2.25 per cent, the main refinancing rate to 2.40 per cent and the marginal lending rate to 2.65 per cent.
ECB warns oil shock could force rate hike in June
Alexander Demarco said hopes that the eurozone could ride out the energy spike were "fading" and that he expected the conflict,
Tension between ‘anti-democratic’ ECB and staff committee grows
Dialogue between the European Central Bank (ECB) senior managers and its staff committee has become tense, with the latter accusing the ECB leadership of being "anti-democratic"…
ECB signs co-operation pact with China, pushing for policy reforms
The European Central Bank (ECB) signed a non-binding co-operation agreement with the People’s Bank of China and ECB President Christine Lagarde used the occasion…
ECB’s Lagarde sees weak growth, dominated by downside risks
Eurozone economic growth could be weaker in the months ahead and the medium-term outlook is uncertain with downside risks dominating, European Central Bank President…
ECB cuts rates even as inflation fight goes on
The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing progress in tackling inflation even as it acknowledged the fight…