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.
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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…
Is a commitment to climate orthodoxy a prerequisite to working for the European Central Bank? The Frankfurt institution has tied itself in knots over the true meaning of diversity
There are two key kinds of diversity in Western liberal democracies. One visible. and one invisible.
German, Dutch central banks post big losses, warn of more
The German and Dutch central banks on Friday posted multi-billion euro losses for 2023 and predicted more financial pain ahead, suggesting that they are unlikely…
MEPs unconvinced as ECB pushes ‘digital euro’
European Parliament members remain unconvinced about the benefits of a “digital euro” despite the best efforts of the European Central Bank.