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...

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...

While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly with tensions in the oil-rich Middle East showing no sign of calming.

The data supports comments by European Central Bank (ECB) chief Christine Lagarde, who has warned that Europe should remain on guard despite falling inflation.

PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global industrial power, top policymakers warned on Friday. The plea was made at a conference on the clean energy transition hosted by the International Energy Agency, the European Central Bank and...

The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down above-target inflation, chairman Jerome Powell said. "We are prepared to raise rates …. until we are confident that inflation is moving sustainably down toward our objective," he told the Jackson...

After a closely watched meeting, the Bank of Japan said it would allow "greater flexibility" in government bond markets, having allowed them to move in a tight band in a process known as yields curve control. But on Friday it said that while it would maintain that range, its upper...

BERLIN, GERMANY - The European Central Bank (ECB) announced on Saturday it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis. "We decided to send banks, starting in September, a request for information on a weekly basis, in order...

"Now is the time to face the three uncomfortable truths ... Inflation remains sticky; financial stresses could make price and financial stability a difficult balancing act; and more upside inflation risks will likely come our way," she adds, emphasizing the crucial role that the return to price stability plays in...

The central bank has hiked rates at the fastest pace ever over the past year in a bid to cool inflation after Russia's war in Ukraine sent energy and food prices surging.

BRUSSELS, BELGIUM -  Eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production, a keenly watched survey showed on Friday. The eurozone entered a technical recession at the start of the year, according to official figures published earlier this month. But inflation remains...

The Bank of Japan (BoJ) has gone against the grain set by the Fed and ECB, announcing on Friday that it would maintain its long-standing, ultra-loose monetary policy as it looks to boost economic growth. Officials left the bank's negative interest rate in place, pushing down the value of the...

The hike was the highest since 2001, despite a darkening economic outlook. The ECB increased rates by another 25 basis points, taking the closely watched deposit rate to 3.50 percent -- its highest level since 2001. "Inflation has been coming down but is projected to remain too high for too...

European Central Bank president Christine Lagarde said that a closely watched measure of eurozone inflation does not appear to have peaked yet, fueling expectations of further interest rate hikes. She told a hearing of the European parliament that the latest data suggests "indicators of underlying inflationary pressures remain high.

European Central Bank vice president Luis de Guindos on Wednesday previewed the slowing eurozone inflation rate, calling it "positive" but cautioning that "I would not say that the victory is there".

BERLIN, GERMANY — No employee should be “subject to the will of a machine”, European trade union chief Esther Lynch has warned, calling for regulation to ensure humans remain in control as artificial intelligence technology advances at breakneck speed. In the same way that European Union treaties protect health and...

BERLIN, GERMANY -  The European Central Bank (ECB) has fined US financial giant Goldman Sachs US$7.2 million (6.63 million euros) for misreporting its capital needs, it said on Monday. Goldman Sachs Bank Europe was found to have "breached credit risk reporting rules" in 2019, 2020 and 2021, the ECB said in...

The bank has urged shareholders to vote down the proposal.

Frankfurt, Germany - The European Central Bank delivered a smaller interest rate hike Thursday as higher borrowing costs begin to take their toll, but said it had "more ground to cover" in fighting red-hot inflation. It was the seventh-straight increase in the ECB's unprecedented campaign of monetary tightening that began last...

"German business's worries are abating, but the economy is still lacking dynamism," said Ifo president Clemens Fuest.

Cyrus de la Rubia, chief economist at Hamburg Commercial Bank (HCOB), said the indices for the eurozone showed "a very friendly overall picture of an economy that continues to recover" but warned "a closer look reveals that growth is very unevenly distributed". Inflation fell to 6.9 percent on an annual...

FRANKFURT, GERMANY - More eurozone interest rate increases will be appropriate to tame high inflation if conditions remain as expected, the European Central Bank's chief economist said Wednesday. The ECB has hiked rates by 3.5 percentage points since July last year in an unprecedented campaign of monetary tightening to bring soaring...

Dubai, UAE - The US dollar could record some gains as markets increasingly see a higher probability that the Federal Reserve will raise interest rates one more time at their next meeting, Wael Makarem, Senior Market Strategist, MENA at Exness said on Monday.  The constant surprises in US economic data...

Stock markets traded mixed as last week's optimism gave way to worries that central banks may wait longer than expected to end their policy of raising interest rates. After the Paris CAC 40 reached a fresh record-high at 7,552 points, profit-taking set in and the French index was flat in...

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.

FRANKFURT, GERMANY -  The European financial system is "resilient" and has sufficient liquidity, the European Central Bank said Monday, as banking shares plunged following the announcement that UBS would take over troubled rival Credit Suisse. "The European banking sector is resilient, with robust levels of capital and liquidity," the ECB said...

Markets were rocked earlier this week by the collapse of two US regional lenders, SVB and Signature Bank, which forced authorities to launch measures aimed at preventing contagion across the sector. S&P Global Ratings said the European banks it follows and rates did not have the same economic model or...

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.

Brussels, Belgium - The eurozone annual inflation rate fell to 8.5 percent in February, the EU's statistics agency said Thursday, but the drop was less than expected as food costs soar. Inflation was down last month from 8.6 percent in January but analysts at financial data firm FactSet had forecast...

FRANKFURT, GERMANY - More interest rate increases may be needed beyond the one coming later this month, European Central Bank president Christine Lagarde said Thursday, as inflation in the eurozone remains stubbornly high. "At this point in time, it's possible that we continue on that path," Lagarde told Spain's Antena 3...

US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and for longer as it battles high inflation. The euro moved up against the dollar as strong inflation data in France and Spain sparked concerns that the European Central Bank will...

The rhetoric has shifted from talk of a recession in the 20-nation club to "a small contraction", she said, with some major economies like Germany possibly dodging a contraction altogether.

"Robust labour markets" alongside "increases in national minimum wages" and "trade unions demand(ing) higher wage increases" are also set to place upward pressure on wages.

Economists expect Germany and another major eurozone economy, Italy, to fall into recession. Britain's economy is already shrinking. Rating agency S&P Global foresees stagnation for the eurozone in 2023. But the International Monetary Fund still expects the world economy to expand in 2023, with growth of 2.7 percent. The OECD...

With dust settling after the Bank of Japan's surprise shift from ultra-loose monetary policy, investors embarked on a mini Santa rally ahead of the Christmas break, while the yen stabilised following its biggest jump in 24 years.

Global stocks sank as central banks hiked interest rates again and signaled they needed to go higher to tame inflation. Meanwhile, downbeat economic data out of China and the United States fanned recession fears. Both the Bank of England and the European Central Bank mirrored the Fed's half-point hike on...

As part of its monetary policy tightening, the ECB will on Thursday outline the next steps in its efforts to slim down the bank's massive balance sheet. It has already made changes to the terms of an ultra-cheap bank loan scheme, aimed at keeping credit flowing during the pandemic, in...

The reading -- the lowest since Eurostat started compiling jobless figures in April 1998 -- was an indicator that the economies of the 19 EU nations using the euro had bounced back after the Covid pandemic. The seasonally adjusted unemployment rate was markedly less than the 7.3 percent recorded a...

Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit a new historic record every month since November 21. The November figure will decrease pressure on the European Central Bank to further increase interest rates, although its president has expressed...

The PBOC said the renewal would help deepen bilateral financial cooperation, facilitate trade and investment, and maintain the stability of the financial market.

Stoked by a staggering 40.8 percent rise in energy prices, the yearly inflation rate in the 19-country single currency area hit its highest level since records began, according to Eurostat. The historic level of inflation will encourage the European Central Bank to stay on its current path of rate hikes.

Hundreds of billions of euros and counting have been shelled out so far since Russia invaded its pro-Western neighbor in late February. Governments have gone all out: from capping gas and electricity prices to rescuing struggling energy companies and providing direct aid to household to fill up their cars.

Stock markets rallied Monday, building on pre-weekend momentum as investors priced in the expectation of further interest rate hikes aimed at taming decades-high inflation. The euro surged, a day after German central bank chief Joachim Nagel signaled that the European Central Bank (ECB) would probably continue raising its key rate.

Struggling to tame surging inflation in the eurozone that has seen steep increases in the price of energy in the wake of the Russian invasion of Ukraine, European Central Bank policymakers are expected to make a historically large interest rate hike at their meeting on Thursday.

European Central Bank policymakers look set to hike interest rates again to tame runaway inflation amid a steep increase in the price of energy. The high inflation has sent the pace of consumer price rises to new high, with Eurozone inflation hitting 9.1 percent in August.

Driven by soaring energy prices caused by Russia's invasion in Ukraine, the yearly inflation rate in the 19-country single currency area reached 9.1 percent, its highest since records began, according to Eurostat. Consumer prices had accelerated to 8.9 percent in July.

The BoE is tipped to lift its main rate by 0.50 percentage points the biggest amount in more than a quarter of a century. British inflation jumped to a four-decade high of 9.4 percent in June, worsening a cost-of-living crisis as workers' wages fail to keep pace. With inflation spiking...

US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.

Other issues to be tackled by the ministers include digital financial inclusion –- with more than a billion of the world's population still without access to a bank account -– and the deadline for an international tax rules overhaul.

Europe's main stock markets slid at the open on Thursday, as a fresh spike in US inflation reinforced expectations of more aggressive Federal Reserve interest rate hikes. In initial deals, London's FTSE 100 index lost 0.3 percent to 7,138.54 points compared with the closing level on Wednesday. In the eurozone,...