Page 5 - European Central Bank

Euro hits 10-month-high on dollar as central banks chart divergent courses

The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting

Euro scales nine-month peak against US dollar as ECB hawks let fly

Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing

Euro nears nine-month peak as ECB plans hawkish rate hike in coming months

European Central Bank (ECB) governing council member Klaas Knot said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after

ECB sees very strong wage growth in coming quarters as more hikes planned

Weaker economic growth is unlikely to help much in the near term, particularly as a shortage of skilled labor encourages businesses to retain workers and pay them well.

Will US Fed's hawkish pivot push Sensex to 58,000?

Global equities were startled last week after the US Fed and European Central Bank warned of a long period of higher interest rates. Given this, will the markets witness extended correction this week?

Markets extend losses amid recession fears, indices dip second week on trot

Commentary by central banks on their resolve to tame inflation rattles investors, who were hoping that interest rates have peaked

Europe's central banks join US Fed in slowing pace of interest rate hikes

Central banks in Europe joined the US Federal Reserve in slowing down the pace of interest rate hikes as decades-high inflation shows signs of easing, media reports said

24 hours of jumbo interest-rate hikes to cap year of soaring inflation

More than 50 central banks have gone for 75-bp increases, with over 275 rate hikes this year

ECB Prez Lagarde leads a chorus warning that inflation has to be anchored

Policymakers cautioned that hopes for a quick cooling in inflation pressures next year may prove premature

ESMA deadlock: European regulator's interference unfortunate, says RBI DG

"Potential disruption to the forex markets can be serious"

ESMA to derecognise CCIL: Banks, RBI discuss alternative clearing methods

Fresh clearing options came up in discussions with RBI, banks in touch with offshore regulators

'Risk of recession' increased, expect to raise rates more: ECB's Lagarde

Lagarde said that the "risk of a recession" has increased, but that a downturn on its own won't be sufficient to tame soaring prices

Euro zone banks return nearly $308 billion in cheap ECB funding

The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first step towards mopping up even more liquidity

Lagarde says removing stimulus 'not enough', ECB may raise rates further

European Central Bank President Christine Lagarde warned on Friday that the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth as the bank fights to control record inflation in the 19 countries that use the euro. We expect to raise rates further, and withdrawing accommodation may not be enough," Lagarde said in a speech at a banking forum in Frankfurt, Germany. She said the bank intended to bring inflation down in a timely manner and that how far we need to go, and how fast, will be determined by the inflation outlook. The ECB has raised rates at the fastest pace in its history to combat inflation that hit 10.7 per cent in the eurozone in October, the highest since statistics started being kept in 1997 and far above the bank's goal of 2 per cent. Inflation has been fed by high natural gas prices caused by Russia's cutbacks in gas supply during the war in Ukraine and by bottlenecks in supplies of parts and raw ...

ECB warns of financial stability risks in euro area, warns of recession

Should the outlook deteriorate further, an increase in the frequency of corporate defaults cannot be excluded, particularly among energy-intensive companies

Technical recession has become more likely, says European Central Bank

The European Central Bank sees an increased likelihood of a recession in the 19 countries that use the euro currency, warning that soaring energy prices and high inflation fed by Russia's war in Ukraine have raised risks for bank losses and turmoil on financial markets. People and firms are already feeling the impact of rising inflation and the slowdown in economic activity, ECB Vice President Luis de Guindos said. As the bank released its twice-yearly assessment of eurozone financial stability on Wednesday, de Guindos said that "risks to financial stability have increased, while a technical recession in the euro area has become more likely. A chart published with the report indicated an 80 per cent chance of recession in the eurozone and United Kingdom in the year ahead and a 60 per cent probability in the US. Many economists and the European Union's executive Commission have already predicted a technical recession for the last three months of year and the first part of next year

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ESMA logjam: EU regulator's move may disrupt bond, derivatives markets

Indian derivatives markets could see disruptions on EU regulator move

ESMA-Indian regulators logjam: European banks' loss may aid US peers

Foreign investors may switch to custodians backed by American banks for India exposure

European Central Bank pushes banks to speed up climate change work

The European Central Bank is warning that many of the financial institutions it oversees are moving too slowly to shield themselves and Europe's banking system from the impact of climate change, and it is setting new deadlines to meet those requirements. The ECB said some progress had been made but that a review of 186 banks published on Wednesday showed change was uneven and that the glass remains half full, top ECB official Frank Elderson said in a blog post on the central bank's website. The Frankfurt, Germany-based central bank for the 19 countries that use the euro currency set deadlines for banks to meet climate requirements by the end of 2024. The ECB, acting in its role as banking supervisor, is pushing banks to identify where they could face the risks of climate change and outline how they would take action. Banks are key to the European economy's functioning because most companies get the credit they need to operate from banks instead of from financial markets, the opposit