Johanna Treeck
Christine Lagarde makes a poor central banker, ECB staff say
FRANKFURT — On the global stage, European Central Bank President Christine Lagarde still exudes the...
8 months ago
Eurozone inflation dips in January as investors eye early rate cut
FRANKFURT — Eurozone inflation eased as expected in January, fueling hopes for an early European Cen...
8 months ago
German economy contracted in 2023
FRANKFURT — The German economy likely contracted in the final quarter of last year, the German stati...
8 months ago
ECB leaves rates unchanged, winds down crisis program early
FRANKFURT — The European Central Bank left its key discount rate unchanged at a record high of 4 per...
8 months ago
US presses Austria’s Raiffeisen to quit Russia
Washington is tightening the screws on the last remaining banks in Europe still doing business with Russia. The Treasury's top sanctions enforcement official, Acting Assistant Secretary Anna Morris, met in Vienna on Friday with Austrian officials and repr...
6 months ago
ECB keeps rates unchanged but cuts inflation, growth forecasts
FRANKFURT — The European Central Bank inched toward a first interest rate cut around the middle of the year, leaving its official interest rates unchanged but cutting its headline forecasts for both growth and inflation.The ECB’s Governing Council left it...
6 months ago
Switzerland declares victory over inflation
The Swiss National Bank became the first central bank among advanced economies to declare victory over the post-pandemic surge in inflation, cutting its key interest rate by 0.25 percentage point to 1.5 percent and hinting at more cuts in the coming mont...
6 months ago
Top ECB official: Don’t expect serious rate-cut debate before June
VIENNA – The European Central Bank is unlikely to discuss cutting interest rates seriously before June, Governing Council member Robert Holzmann said in an interview with POLITICO on Wednesday.And while the Austrian National Bank Governor expects a lively...
6 months ago
ECB slides to €1.3B net loss in 2023
FRANKFURT — The European Central Bank (ECB) made a net loss of €1.3 billion last year, as a soaring interest bill on all the excess liquidity in the financial system dwarfed the revenue from its stockpile of bonds. The bank was left with a loss despite re...
6 months ago
ECB tells staff: If you’re not green, you’re not wanted
FRANKFURT ― A top European Central Bank official stunned employees by saying people who don’t buy into the institution’s green objectives aren’t welcome to work there.Frank Elderson, one of six members of the ECB’s executive board, told an internal meetin...
6 months ago
UK inflation lower than expected
Consumer prices in the United Kingdom stood at 4 percent in January, unchanged from December and defying expectations of a renewed pick-up, data released by the Office for National Statistics showed Wednesday.Analysts polled by Reuters ahead of the releas...
6 months ago
Staff accuse ECB of gaming survey to limit negative feedback
FRANKFURT — The European Central Bank's latest staff survey is set to paint a much rosier picture of life at headquarters than last year's — not because things have gotten so much better, but because awkward questions that risk embarrassing the Bank have...
5 months ago
Lagarde to skip G20 to feel the Olympic buzz in Paris
Who can resist the unique buzz of the world's grandest athletic spectacle and the glamor of its opening night? Not Christine Lagarde, by the looks of it. The European Central Bank President is set to skip the G20 meeting of finance ministers and central b...
2 months ago
ECB leaves rates unchanged, keeps door open to September cut
The European Central Bank (ECB) left its key deposit rate unchanged at 3.75 percent, as expected but indicated that a second interest rate cut is quite possible at its next meeting in September. ECB President Christine Lagarde, who has tended this year to...
2 months ago