All articles tagged with #european central bank
Europe’s central bank warns that President Trump’s confrontation with Iran and tariff policies are stress-testing the global financial system, raising the risk of a major crisis as debt swells and asset prices stretch. It flags potential energy shocks from Hormuz and the uncertainty of multilateral cooperation, while White House officials defend the economy’s resilience.
The ECB keeps its 2% policy rate for the sixth straight meeting as surging energy prices push near-term inflation higher, with 2026 inflation seen around 2.6% and growth trimmed to 0.9% this year; policymakers expect inflation to ease toward 2% in 2027–28, while the war in the Middle East adds uncertainty and traders still anticipate potential rate moves later in the year, and the euro rose after the decision.
As Christine Lagarde’s term nears its end, three ECB executive-board vacancies will surface next year, triggering a high-stakes Brussels horse-trading over the presidency; Knot is widely viewed as the favorite, with Pablo Hernández de Cos as the insider pick, while several German contenders (Isabel Schnabel, Joachim Nagel, Jörg Kukies) vie for the post and Kristalina Georgieva is a potential fallback.
Spain has become the first country to openly bid to succeed Christine Lagarde as ECB president, signaling Madrid’s aim for an influential leadership role at Europe’s central bank. Former Spanish central bank governor Pablo Hernández de Cos is widely seen as a leading candidate, with rivals such as Klaas Knot and a broader 2027 leadership reshuffle likely shaping the field.
The European Central Bank's digital euro project is approaching a critical decision point with a decisive vote expected in 2026, marking a significant step in the development of a central bank digital currency in Europe.
Christine Lagarde's salary is reported to be 50% higher than what the European Central Bank has officially disclosed, raising questions about transparency and disclosure practices.
Bulgaria has officially adopted the euro, with the Bulgarian central bank's governor joining the ECB Governing Council. While the transition is underway, Bulgarians can still use levs until June 30, with public opinion divided on the move. Bulgaria has been an EU member since 2007 and sees benefits from membership.
European Central Bank President Lagarde suggests the global economy has not yet felt the full impact of tariffs and highlights technological advancements, especially AI, as major transformative forces. She also views the US-China trade tensions as partly posturing, emphasizing the need for dialogue despite current hostilities.
The European Central Bank has kept interest rates steady amid economic uncertainty and ongoing trade disputes with the US, with policymakers cautious about further rate cuts until more clarity on trade agreements and economic forecasts emerge.
The European Central Bank has cut interest rates by 25 basis points to 2% and lowered its inflation expectations below the 2% target, amid a stronger euro, lower energy costs, and sluggish economic growth, as geopolitical tensions and US tariffs pose economic uncertainties.
The Romanian constitutional court annulled the results of the first round of the presidential election and canceled the second round, citing alleged Russian interference through social media. This decision, praised by Western governments, reflects the growing influence of the anti-disinformation paradigm, which prioritizes combating misinformation over traditional democratic processes. The situation draws parallels to the Eurozone crisis, where the European Central Bank prioritized stability over national sovereignty, highlighting tensions between anti-disinformation efforts and postwar liberal democracy.
Stefan Berger, a German MEP and critic of the digital euro project, has resigned from leading the European Parliament's work on the initiative to avoid suspicions of deliberately delaying the legislation. The digital euro aims to enhance eurozone payments and reduce reliance on foreign providers, but faces resistance, particularly from German banks and citizens concerned about its impact on savings and privacy. Berger's resignation opens the way for a new leader to advance the project, with potential candidates including former Spanish central banker Fernando Navarrete Rojas.
The European Central Bank has reduced interest rates in response to a weakening economy, aiming to stimulate growth and counteract economic slowdown.
European markets saw slight declines as investors awaited the European Central Bank's (ECB) final monetary policy decision of the year, with expectations of a 25-basis-point rate cut. The Swiss National Bank surprised with a 50-basis-point cut amid inflation challenges and a strong franc. Meanwhile, U.S. inflation data aligned with forecasts, and traders anticipate a Federal Reserve rate cut next week. Brunello Cucinelli shares rose despite a retail sector slump, while Inditex shares fell following disappointing results.
The European Central Bank (ECB) is expected to announce a 25-basis-point interest rate cut at its final meeting of 2024, bringing the deposit facility rate to 3%. This decision comes amid persistent core and services inflation, despite headline inflation nearing the ECB's 2% target. Economists anticipate a lively debate over the rate cut size, with a focus on macroeconomic projections and potential shifts in ECB's policy language. The ECB's gradual rate cuts aim to support economic growth in 2025, as analysts predict continued easing until September 2025.