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European Central Bank

All articles tagged with #european central bank

ECB Tightens Policy for the First Time Since 2023 Amid Energy Shock
economy1 month ago

ECB Tightens Policy for the First Time Since 2023 Amid Energy Shock

The European Central Bank raised its key rates by 25 basis points to 2.25%, the first hike by a G7 central bank since 2023, in response to a persistent energy shock from the Middle East that is feeding inflation. Christine Lagarde said the move was a robust policy decision, not insurance, and the ECB also lifted inflation projections while cutting growth forecasts, with markets pricing in potential further tightening later this year.

via Financial Times|
#economy#european-central-bank#eurozone-interest-rates
ECB raises key rates again as war-driven inflation pressure persists
economy1 month ago

ECB raises key rates again as war-driven inflation pressure persists

The ECB’s Governing Council hiked all three key rates by 25 basis points (to 2.25% deposit facility, 2.40% main refinancing, 2.65% marginal lending), citing inflation pressures from the war-related energy shock. Staff project headline inflation averaging 3.0% in 2026, 2.3% in 2027 and 2.0% in 2028, with growth of 0.8%, 1.2% and 1.5% respectively. The move is data‑dependent; APP/PEPP are being unwound and the Transmission Protection Instrument remains available to safeguard policy transmission.

via European Central Bank|
#economy#energy-prices#european-central-bank
ECB Warns Trump Could Spark Global Financial Crisis
politics1 month ago

ECB Warns Trump Could Spark Global Financial Crisis

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.

via The Daily Beast|
#european-central-bank#financial-stability#iran
ECB Holds 2% Rate as Energy Shock Tests Inflation Outlook
economy3 months ago

ECB Holds 2% Rate as Energy Shock Tests Inflation Outlook

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.

via Financial Times|
#economy#energy-prices#european-central-bank
Brussels Countdown: The Race to Succeed Lagarde at the ECB
business4 months ago

Brussels Countdown: The Race to Succeed Lagarde at the ECB

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.

via politico.eu|
#business#european-central-bank#eurozone
Spain kicks off bid for ECB top job as Lagarde succession talk heats up
economy4 months ago

Spain kicks off bid for ECB top job as Lagarde succession talk heats up

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.

via Financial Times|
#central-banks#economy#european-central-bank
Romania's Election Turmoil: Social Media and Foreign Influence Under Scrutiny
politics1 year ago

Romania's Election Turmoil: Social Media and Foreign Influence Under Scrutiny

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.

via Compact Mag|
#disinformation#elections#european-central-bank
Challenges and Changes Ahead for Europe's Digital Euro Initiative
financial-services1 year ago

Challenges and Changes Ahead for Europe's Digital Euro Initiative

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.

via POLITICO Europe|
#digital-euro#european-central-bank#european-parliament