Saudi Central Bank Governor discusses global economy in meeting with ECB chief
Riyadh, Saudi Arabia - The Saudi Central Bank Governor (SAMA) Ayman Al-Sayari discussed the recent developments in central banking and the outlook for the global economy in a meeting with President of the European Central Bank (ECB) Christine Lagarde at SAMA’s headquarters in Riyadh on Thursday. Several events were organized...
ECB to urge patience on rate cuts in battle against inflation
The central bank is tipped to leave rates unchanged for a third consecutive meeting, keeping the benchmark deposit rate at a record four percent. The bank's governing council is expected to repeat that it considers rates are currently at levels that "will make a substantial contribution" to returning inflation to...
European Central Bank to signal no rush to cut interest rates
The Frankfurt institute is tipped to pause for the third meeting in a row following a historic run of hikes to tame runaway prices, leaving the benchmark deposit rate at four percent. ECB president Christine Lagarde said last week rates had likely reached their peak but that it was too...
Eurozone inflation rises to 2.9% in Dec mainly due to energy costs
The data supports comments by European Central Bank (ECB) chief Christine Lagarde, who has warned that Europe should remain on guard despite falling inflation.
Inflation likely to drop in Europe but uncertainty remains: ECB
Sky-high inflation driven by sharp increases in the cost of energy prompted the ECB to crank up interest rates at a record pace to try to tame consumer price prices.
European Central Bank head pledges to tackle high inflation in Europe
Last week, Lagarde said that more interest rate hikes might be needed in the eurozone after the half percentage point hike it has already signaled will come later this month.
What can central banks do to address climate risks?
While not directly involved in addressing global warming, central banks do have to be alert to its impact on the economy and the financial system.