The president of the Bank of France, François Villeroy de Galhau, member of the Governing Council of the European Central Bank (ECB), declared on Saturday that the rise in oil prices Petroleum and fuels does not alter the ECB’s objective of returning inflation to 2% by 2025. “Gasoline consumption at the pump represents approximately 5% […]
Tag: ECB
European stock markets face a new meeting on rates, in this case the Fed
European stock markets face a new meeting on interest rates next week, in this case the Federal Reserve of the US (Fed), on Wednesday, from which no new increases are expected, unlike last Thursday’s decision of the European Central Bank (ECB)which opted to raise them 25 basis points. The week in eurozone will begin on […]
European Central Bank raises interest rates for the tenth consecutive time, to 4.5%
He European Central Bank (ECB) decided this Thursday to raise its interest rates for the tenth consecutive time, by a quarter of a percentage point, hup to 4.5%, to stop inflation in the euro zone and despite the stagnation of the economy. After the meeting of the Governing Council, the The BCE reported that it […]
ECB raises key rate to all-time high, despite deteriorating economic outlook
The European Central Bank raised its key rate to an all-time high of 4% to anchor inflation in the euro zone, despite pressure to take a break to give the economy a breather given worsening forecasts. This is the tenth consecutive rise since the European issuer (ECB) adopted in July 2022 the most restrictive monetary […]
Heads of biggest central banks: more monetary tightening is coming
The heads of the main central banks The world reaffirmed on Wednesday that they believe further monetary policy tightening is necessary to rein in stubbornly high inflation, but continue to believe they can do so without triggering recessions. US Federal Reserve Chairman Jerome Powell did not rule out further rate hikes at back-to-back Fed meetings, […]
Economists call to prepare for more frequent and persistent shocks in energy
Economists present at the annual forum of the European Central Bank (ECB) in Portugal appealed today to be prepared for possible shocks in the energy markets in the coming years, which may be more frequent and persistent. “There is great uncertainty, but it would be prudent to prepare for the possibility of more persistent and […]
IMF asks the ECB to raise rates further despite negative effects on the labor market
He International Monetary Fund (IMF) today asked central banks to continue raising interest rates and maintain a restrictive monetary policy until underlying inflation declines, despite the negative effects it may have on the labor market. “Monetary policy should continue to tighten and remain in tight territory until core inflation is on a clear downward trend”, […]
The deepening of the economic deterioration puts the ECB in a dilemma
The growth of the companies Euro zone stalled this month as the manufacturing recession deepened, and previously resilient activity in services barely grew, leaving the European Central Bank before a dilemma of monetary politics. The HCOB Composite Purchasing Managers’ Index (PMI) of the 20 countries sharing the euro, compiled by S&P Global and considered a […]
European Central Bank raises its interest rates by 0.25% for the eighth consecutive month
The European Central Bank (ECB) again raised the interest rates officials this Thursday in 0.25 points percentage. This is his eighth consecutive hike since he began to tighten monetary policy to deal with inflation. Thus, the Governing Council of the monetary authority has carried out the 4% main rate (the highest level since July 2008, […]
European Central Bank celebrates its 25th anniversary in the battle against inflation
In the middle of the battle against inflationhe European Central Bank (ECB) This Wednesday celebrates its first quarter of a century of an existence marked by the crises that forced it to extend its field of action. Some 200 guests are expected tonight in the steel and glass tower of the monetary institution located on […]