Page 8 - European Central Bank

Credit's rout is so severe that double-digit losses are the norm

Investors have now lost 10.1 per cent this year on euro high-grade corporate bonds, Bloomberg debt indexes show

European Central Bank raises 2022 inflation forecast to 6.8% from 5.1%

The ECB now sees inflation over its 2 per cent target throughout its projection horizon, accepting that rapid price growth is not nearly as temporary as it had forecast for the past year

Europe's central bank to hike rates in July to tame prices, 1st in 11 years

The bank is making a sharp turn from supporting the economy during the COVID-19 pandemic to squelching inflation that has hit record levels in the 19 countries that use the euro.

Amid inflation, ECB cements July liftoff with bond-buying to end in 3 weeks

The European Central Bank confirms its intention to hike interest rates at its policy meeting next month and downgraded its growth forecasts

Gold subdued as US Treasury yields stay firm; ECB, Fed verdict in focus

Spot gold was down 0.3% at $1,847.90 per ounce as of 0956 GMT and US gold futures had declined 0.3% to $1,850.50.

Charting course out of stimulus, ECB to signal rate hikes to curb inflation

With inflation at a record-high 8.1% and broadening quickly, the ECB has already flagged a series of moves, hoping to stop rapid price growth from morphing into a hard-to-break wage-price spiral.

Benchmark indices decline for fourth day as RBI hikes policy rate by 50 bps

The Sensex closed at 54,892, with a decline of 215 points, or 0.4 per cent, and the Nifty finished at 16,356, with a drop of 60 points, or 0.3 per cent

Traders brace for euro's decisive moment at ECB's policy meeting

A decidedly hawkish pivot could help convince bears that policy makers are determined to tighten financial conditions despite the headwinds

Gold prices in check as major central banks rev up policy tightening

The Federal Reserve is on track for half-point interest rate increases in June and July, and last week's solid jobs report boosted expectations of continued tightening by the US central bank.

Global stocks shaky as hawkish Reserve Bank of Australia heightens worries

Reserve Bank of Australia raised rates by most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, driving a brief spike in the Aussie and hitting local shares

Gold firms below recent highs as rate-hike by world central banks weigh

Spot gold was up 0.1% at $1,851.98 per ounce, as of 0752 GMT, while US gold futures rose 0.2% to $1,854.60.

Global stocks, dollar firm ahead of rate meetings, crude hits $120

The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters at the US Federal Reserve and Bank of England gathering next week

Euro edges higher as risk appetite picks up, focus on ECB policy meeting

Markets, which have already priced in several ECB rate increases and the end of bond-buying stimulus, want more clarity on what comes after.

Asia shares brace for US inflation, euro gains on yen on ECB bets

Asian shares made a muted start as caution gripped ahead of a critical reading on US inflation, while the euro gained on the yen amid wagers the ECB will take a major step toward policy tightening

European shares rise as China growth hopes boost luxury, tech stocks

The pan-European STOXX 600 index rose 0.6% to 447.79, a level not seen since early May, boosted the most by luxury firms, which derive significant demand from China

US Federal Reserve won't flinch as labour market starts tailing off

US Fed will take the data in stride as it prepares to keep boosting interest rates and wait for a more-sustained cooling in job growth to help moderate wage gains and inflation

Russia-Ukraine war worsens financial stability risks: European Central Bank

Financial stability risks have increased as the conflict has impacted all aspects of economic activity and financing conditions, ECB Vice President Luis de Guindos

Should central bankers consider pitfalls of making declarative statements?

In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility

Bruised dollar hits 1-month low; Lagarde's negative rate hint boosts euro

Against a basket of its rivals, the dollar fell 0.3% to 101.79, its lowest level since April 26

ECB Prez Christine Lagarde says crypto 'worth nothing', should be regulated

Lagarde said she's skeptical of crypto's value, contrasting it with the ECB's digital euro -- a project that may come to fruition in the next four years