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.
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European Central Bank
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Croatia’s Vujčić takes over as ECB vice-president
Vujčić has led the Croatian National Bank since 2012 and steered his country into the euro in 2023.
The impossible debt: Europe arrives at the long run Keynes brushed aside
The European Central Bank holds close to 40 per cent of some governments' debt.
Eurozone business activity shrinks further in May
Business activity in the eurozone contracted further in May, weighed down by weak demand caused by the Middle East war, a key survey showed Thursday.
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,
ECB books third straight annual loss
The European Central Bank said Thursday it booked its third straight loss in 2025 due to the lingering impact of a record run of interest rate hikes.
Bulgaria joins the Euro next week amid domestic scepticism
With Bulgaria set to adopt the Euro on January 1, 2026, many of its citizens — especially in poorer and rural regions — fear the change of currency could further…
ECB says EU has ‘adapted faster’ than expected to US tariffs
The European Union has “adapted quicker” than expected to the US tariffs shock, according to European Central Bank (ECB) executive board member Isabel Schnabel.
Euronext takes control of Athens Stock Exchange
Pan-European exchange operator Euronext has clinched a majority stake in the Hellenic Exchanges – Athens Stock Exchange (ATHEX), the operator of Greece's historic…
Digital euro ‘seeks to solve nonexistent problem’
European banks are pushing back against plans for a digital version of the euro, warning they are being asked to cover the costs of the European Central Bank’s…
ECB U-turn: Defence spending ‘now good for growth’
Defence spending can help growth if done correctly, according to the European Central Bank (ECB).
Labour shortage meets unemployment: EU wants more cash and more training
Europe has millions of job openings but also millions of people still out of work, the European Commission said.
Renewed euro crisis? French debt at €3.3 trillion must be focusing minds in Frankfurt
Engineers know that system stability requires a capacity to manage unexpected accidents.
ECB President talks of ‘worrying risk’ if France ‘collapses’
European Central Bank (ECB) President Christine Lagarde has warned that the collapse of French Prime Minister François Bayrou’s government would pose a “worrying…
Cash use is still growing, says ECB, while pushing ‘digital euro’
The European Central Bank is preparing to launch a digital version of the euro, while reporting that demand for physical banknotes is still rising.
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"…
European banks aim to challenge Mastercard and Visa with homegrown Wero
Sixteen Western European banks have rolled out Wero — a new payment system aimed at reducing Europe’s dependence on Visa, Mastercard, and other US fiscal networks.
Spooked by Middle East war, investors quietly return to Europe
Amid escalating conflicts in the Middle East, an unexpected trend has emerged: Investors are quietly moving their money back into European markets.
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…
Scepticism widespread as Bulgaria prepares to join eurozone
Bulgaria's newly announced accession to the eurozone on January 1, 2026 as the currency union’s 21st member state has been met with scepticism by many Bulgarians.
AI could block fraud before it happens under EU plan, report says
European banks could soon use AI not just to catch fraud — but to stop it before their clients even hit “send”.
Euro continues decline in share of global payments despite Trump tariff chaos
The US dollar is now used in nearly 50 per cent of global payments, the highest level in over 12 years, according to newly released data.
Poland’s gold reserves exceed even those of the European Central Bank
According to the head of Poland's central bank, Poland now holds 509.3 tonnes of gold, more than the gold reserves of the European Central Bank (ECB).
A 10% rise in electricity prices could kill 1 in 50 manufacturing jobs, say ECB economists
Economists from the European Central Bank (ECB) have calculated what they said was the detrimental effect of lasting high electricity prices on European employment.
The tariffs gamble: Inflation, growth and the ECB’s next move
As the clock ticks down to US President Donald Trump's tariffs announcement, markets, policymakers and consumers stand at a crossroads, caught between rising prices…
Eurozone sees business activity hit seven-month high
Eurozone business activity grew at its fastest pace in seven months in March, supported by an easing in the long-running manufacturing downturn despite slower growth…
EU dusts off capital markets proposal but small countries fear regulatory power grab
The European Commission has published a new plan to revive its capital markets union proposal which stalled back in 2015 — but smaller members have expressed fear…
ECB chief Lagarde urges EU to focus on trade integration amid tariffs
European Central Bank President Christine Lagarde has reaffirmed that robust European trade integration was the key shield against escalating US tariff pressures…
EU labour costs rise amid persistent competitiveness hurdles
Labour costs in the European Union have continued a steady climb, adding pressure to an economy already grappling with sluggish growth and global uncertainty.
ECB’s Rehn calls for joint European investment in air defence, drones
Europe must adopt common policies such as joint procurement of air defence equipment and drones to support Ukraine and strengthen its own defence despite large public…