The European Central Bank outlined major changes to the way it works on Wednesday, aiming to scale down its presence in financial markets after 15 years of emergency measures.During the financial crisis, the ECB took up a far more active role in European...
6 months agoEurozone inflation eased less than expected in February, raising the likelihood that the European Central Bank will wait until summer before beginning to cut interest rates.Inflation dropped to 2.6 percent from 2.8 percent in January, preliminary data fro...
6 months agoThe Deutsche Bundesbank joined the European Central Bank in posting a big loss in 2023, the result of a rising interest bill on excess liquidity generated by years of money printing. As a result, Frankfurt will again not transfer any profit to the federal...
6 months agoEurozone inflation surprisingly accelerated in July, complicating the European Central Bank’s path to a second rate cut this year at its September meeting.The inflation rate rose to 2.6 percent from 2.5 percent in June, preliminary data from Eurostat show...
2 months agoTraders are betting the U.S. will perform an emergency interest rate cut to support the economy amid a global stock market sell-off sparked by recession fears.The Japanese stock market dropped more than 12 percent on Monday, the biggest fall in history, a...
2 months agoA marked slowdown in wage growth might just be the signal the European Central Bank needs to go ahead with an interest rate cut, despite a flattering short-term boost to the economy from the Olympic Games.Wage rises under negotiated settlements, made coll...
1 month agoThe European Central Bank isn’t fond of surprises, so when the Governing Council meeting starts on Wednesday evening, the only thing standing between policymakers and another cut in interest rates is dinner.On Thursday, the ECB is universally expected to...
1 month ago