He European Central Bank (ECB) rejected bets on an imminent interest rate cut on Thursday, reaffirming that funding costs will remain at record highs despite lower inflation expectations. The president of ECBChristine Lagarde, instead stressed that inflation would pick up soon and that price pressures remain strong, which contrasts with the more pessimistic tone adopted […]
Tag: ECB
Climate change affects tourism and agriculture in southern Europe, according to the ECB
He climate change will affect tourism and agriculture in the countries of southern Europe and the Mediterranean, therefore their maximum productivity in the medium term, warns the European Central Bank (ECB). In an article in the ECB’s next economic bulletin, published this Wednesday, the monetary entity’s economist Miles Parker considers that doing nothing against climate […]
ECB’s Lagarde says rates will remain high “as long as necessary”
The president of European Central Bank (ECB), Christine Lagardesaid this Monday that interest rates in the eurozone will remain at levels “sufficiently restrictive for as long as necessary” so that inflation falls towards the 2% objective. “We believe that our rates have reached levels that, maintained for a sufficiently long duration, will make a substantial […]
Oil rise does not change the opinion of the European Central Bank on inflation
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% […]
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”, […]