Page 3 - European Central Bank

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

ECB governors fear Fed-style 'dot plot' would invite political pressure

Their concerns highlight the contradictions of the euro zone's architecture compared with jurisdictions with only one national government, such as Britain and the United States

Fed Chair Powell's US rates warning means headache for rest of the world

China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan

ECB keeps rates unchanged as world's central banks wrestle with when to cut

The European Central Bank left its key interest rate benchmark unchanged Thursday, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to support an economy that's struggling to grow. The bank's rate-setting council said in its post-decision statement that, Most measures of underlying inflation are easing... But domestic price pressures are strong and are keeping services price inflation high. President Christine Lagarde's news conference will be scrutinised for hints about the potential downward path of rates at future meetings. The policy meeting at the bank's skyscraper headquarters in Frankfurt is widely regarded as a prelude to a likely rate cut at the next meeting on June 6, after Lagarde dropped a broad hint by saying that the bank would have more information on the path of inflation at that meeting. The decision comes as the rich world's central banks including the ECB and the US Federal Reserve are weighing when ..

Let's get real about rates

Given myriad cross currents across inflation, growth and financial stability, monetary policy in 2024 will have to cross the river by feeling the stones

ECB will have to gamble with interest rate cut before long, says Wunsch

Euro zone inflation fell in February to 2.6%, but underlying price growth remained stubbornly high, with prices for food, alcohol and tobacco up 4.0% year-on-year and for services 3.9% higher.

Fed is 'not far' from confidence needed to cut rates, says Jerome Powell

Powell's remarks add some additional color about officials' thinking around the timing of the first rate cut, bolstering the idea that such a move could come in the next few months

Currency market calm before Powell's speech, bitcoin rally resumes

The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday after data showed U.S. services industry growth slowed last month

ECB keeps rate unchanged at 4%, may cut in June with 2% inflation in sight

The ECB's latest quarterly outlook offered strong encouragement, putting inflation at 2.3% this year and revising the 2025 forecast down to 2%. For 2026, it's still seen at 1.9%

Cracks start to emerge in global central bank's four-year synchronicity

The International Monetary Fund's latest round of forecasts highlights the divergence: an improved US outlook, worse prospects for the euro zone and miserable figures for the UK

Italy's debt risk premium hits 21-month low as traders eye rate cuts

Italian bonds have benefited from investors' hopes that interest rates will fall sharply this year, reducing pressure on the euro zone's more indebted countries

No hint of cuts as ECB keeps rates unchanged at record-high of 4%

Investors are betting that the ECB is getting it wrong on both growth and inflation and will be forced to U-turn and deliver five rate cuts in rapid succession from early spring

What does disruption to shipping in Red Sea mean for Europe's economy?

For the European economy, already skirting a mild recession as it tries to shake off high inflation, prolonged disruption would be a new risk to its outlook

History suggests new Trump term would be a threat, says Christine Lagarde

Polls show November elections in the US shaping up to be a rematch between Trump and President Joe Biden, who defeated him in a bitterly fought 2020 contest

Central banks worldwide to ease monetary policy in coming year: Report

After racing ahead with the most aggressive tightening campaign in decades during 2022, 2023, central banks around the world poised to begin easing monetary policy as inflation continues to retreat

Different outlook

Western central banks are planning differently for 2024

European Central Bank holds rates as inflation cools but hastens bond exit

The deposit rate was left at a record 4% with the ECB reiterating that this level will make a "substantial contribution" to returning consumer-price growth to its 2% goal

ESMA in 'active' talks with RBI to resolve Clearing Corporation impasse

After the global financial crisis of 2008, the European Union in 2012 had adopted new market infrastructure regulations in order to strengthen and safeguard systems

ECB backs global rules for bonds wiped out in Credit Suisse rescue

ECB backed decision by Swiss authorities, which reflected clauses enshrined in local bonds, but urged global standard-setters on the Basel Committee on Banking Supervision to put some order in market

Euro zone yields fall, markets price in 50 bps of ECB rate cuts by July

The ECB last week hinted at a steady policy ahead, while pushing back on expectations for rate cuts any time soon