TAG: monetary policy
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
German economy contracted in 2023
FRANKFURT — The German economy likely contracted in the final quarter of last year, the German stati...
8 months ago
Belgian government breaks deadlock over renewal of central bank governor mandate
The parties in Belgium's coalition government have reached an agreement to renew Pierre Wunsch’s man...
8 months ago
Europe to be late arrival at Federal Reserve party
The U.S. is having a party, and Europe is going to be unavoidably late to it. No fewer than four cen...
8 months agoWhat do the latest Fed, ECB decisions tell about the direction of the EUR/USD?
The Federal Reserve (Fed) expectations soften as Jerome Powell says the ‘disinflationary process is now underway’, while the European Central Bank (ECB) expectations remain hawkish although Christine Lagarde revised the eurozone’s inflation outlook to ‘ba...
7 months ago
UK inflation eased to 3.4 percent in February, but services remain a problem
U.K. inflation fell by more than expected to its lowest level since September 2021 in February, with a further easing of food prices leading the way.The consumer price index rose by 0.6 percent from January and was up 3.4 percent from a year earlier, acco...
6 months ago
Politics will decide ouster of Polish central banker, even harshest critics admit
WARSAW — The future of beleaguered National Bank of Poland chief Adam Glapiński will be decided by the the country’s ruling majority in a political decision rather than based on the accusations he faces, a number of critics say.Glapiński’s performance sin...
6 months ago
ECB signals historic break from QE era with new operating framework
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 ago
Look away: The ECB is about to change its rules of engagement
ECB policymakers will meet on Wednesday outside of the framework of their usual monetary policy meetings to decide the technical details about how the central bank should operate in the post-QE era.All the signalling from the ECB suggests they don’t want...
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
Donald Tusk risks ECB brawl after move to put Polish bank boss on trial
WARSAW — A group of lawmakers from Poland’s ruling majority have moved to oust the National Bank of Poland president by submitting a motion Thursday to put Adam Glapiński on trial before a state tribunal.The motion accuses Glapiński of acting in concert w...
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
ECB staff in uproar after lunch canteen downgrades olive oil
A staff mutiny over the quality of olive oil served at European Central Bank canteens was narrowly avoided after in-house caterers acquiesced to demands to bring back extra virgin options to the table.Staffers on the central bank’s internal messaging boar...
6 months ago
End of an era as Swiss central banker Jordan steps down early
Thomas Jordan is to leave his post at the head of the Swiss National Bank after 12 years, ending an era in which Swiss monetary policy was the subject of something approaching awe around the globe. “Having met the various challenges of recent years, now...
6 months ago