European Central Bank leaves rates unchanged with economy showing signs of modest growth
Read full article: European Central Bank leaves rates unchanged with economy showing signs of modest growthThe European Central Bank is leaving interest rates unchanged for the fourth meeting in a row as the economy in the 20 countries that use the euro increasingly looks strong enough to get by without the stimulus of lower borrowing costs for businesses and consumers.
Europe's Central Bank leaves key interest rate unchanged as businesses weather US tariffs
Read full article: Europe's Central Bank leaves key interest rate unchanged as businesses weather US tariffsThe European Central Bank is leaving its key interest rate unchanged as inflation remains under control and European businesses weather the impact of higher U.S. tariffs better than expected.
European Central Bank leaves rates unchanged as economy weathers Trump's tariffs
Read full article: European Central Bank leaves rates unchanged as economy weathers Trump's tariffsThe European Central Bank is leaving interest rates unchanged with inflation back under control and the economy is weathering Trump’s tariff onslaught better than expected.
European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse
Read full article: European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverseEurope’s economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and the continent’s biggest economy, Germany, shrank.
Like the Fed, European Central Bank holds off on rate cuts amid tariff upheaval
Read full article: Like the Fed, European Central Bank holds off on rate cuts amid tariff upheavalThe European Central Bank is leaving interest rates unchanged as it waits to see the impact of U.S. President Donald Trump’s tariffs on the economy before deciding whether to cut rates again.
ECB cuts benchmark interest rate by quarter point as Trump tariffs threaten economy
Read full article: ECB cuts benchmark interest rate by quarter point as Trump tariffs threaten economyThe European Central Bank is cutting its benchmark interest rate for an eighth time, aiming to support businesses and consumers with more affordable borrowing as U.S. President Donald Trump’s trade war threatens to slow already tepid growth.
The euro is about to get a new member, Bulgaria. What's the eurozone and how do countries join?
Read full article: The euro is about to get a new member, Bulgaria. What's the eurozone and how do countries join?Bulgaria has the green light to join the euro next year and become the 21st member of the European Union's currency union.
Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffs
Read full article: Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffsInflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more interest rate cuts from the European Central Bank.
European Central Bank cuts interest rates for the seventh time as global trade tensions escalate
Read full article: European Central Bank cuts interest rates for the seventh time as global trade tensions escalateThe European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught.
European Central Bank expected to cut rates again amid worries about Trump's tariffs
Read full article: European Central Bank expected to cut rates again amid worries about Trump's tariffsWorries about economic growth fueled by U.S. President Donald Trump’s tariff onslaught will likely push the European Central Bank to cut interest rates on Thursday for a sixth straight time to make credit more affordable for business and consumers.
European Central Bank cuts rates again as threat of trade war with Trump weighs on economy
Read full article: European Central Bank cuts rates again as threat of trade war with Trump weighs on economyThe European Central Bank is cutting interest rates by a quarter percentage point, lowering credit costs for consumers and businesses to support an economy that is struggling to show solid growth.
Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
Read full article: Inflation eases to 2.4% in Europe, supporting likely central bank rate cutInflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs.
Czech central bank cuts key interest rate to 3.75% as inflation stays higher than expected
Read full article: Czech central bank cuts key interest rate to 3.75% as inflation stays higher than expectedThe Czech Republic’s central bank has cut its key interest rate again amid higher than expected inflation.
European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
Read full article: European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economyThe European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a course amid political turmoil in leading economies France and Germany.
ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
Read full article: ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policiesThe European Central Bank is cutting interest rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs.
Czech central bank cuts key interest rate to 4% as inflation stays low
Read full article: Czech central bank cuts key interest rate to 4% as inflation stays lowThe Czech central bank has cut its key interest rate for the eighth time in a row as inflation remains low and the economy is making a slow recovery.
European Central Bank, seeing no signs of recession, cuts interest rates again
Read full article: European Central Bank, seeing no signs of recession, cuts interest rates againThe European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after figures showed inflation across the bloc falling to its lowest level in more than three years and economic growth waning.
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
Read full article: UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cutInflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting.
Inflation in Europe falls below 2% and opens the way for faster rate cuts
Read full article: Inflation in Europe falls below 2% and opens the way for faster rate cutsInflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank’s target of 2% for the first time in more than three years.
Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing
Read full article: Wholesale inflation mostly cooled last month in latest sign that price pressures are slowingU.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week.
Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed
Read full article: Inflation's down and the European Central Bank has cut rates, again. Next up: The FedWith inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers.
The Czech central bank cuts its key interest rate as inflation falls and the economy slowly recovers
Read full article: The Czech central bank cuts its key interest rate as inflation falls and the economy slowly recoversThe Czech Republic’s central bank has cut its key interest rate for the sixth time in a row as inflation falls and the economy recovers more slowly than expected.
European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
Read full article: European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under controlThe European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again.
Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates
Read full article: Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut ratesInflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates.
Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited
Read full article: Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limitedThe European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors.
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
Read full article: Czech central bank cuts a key interest rate again with inflation down and the economy on the mendThe Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery.
Czech Republic's central bank cuts a key interest rate again to help the economy as inflation falls
Read full article: Czech Republic's central bank cuts a key interest rate again to help the economy as inflation fallsThe Czech Republic's central bank has cut its key interest rate for a third straight time amid falling inflation and an effort to help the economy.
Europe's economy has stalled. But an interest rate cut will likely have to wait for summer
Read full article: Europe's economy has stalled. But an interest rate cut will likely have to wait for summerThe European Central Bank has left its key interest rate at a record high even though inflation is way down from its painful double-digit peak and the economy has stalled.
Czech central bank cuts interest rates for the second straight time to help economy
Read full article: Czech central bank cuts interest rates for the second straight time to help economyThe Czech Republic’s central bank has cut its key interest rate for the second straight time in an effort to help the struggling economy.
Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says
Read full article: Cutting interest rates too soon in Europe risks progress against inflation, central bank chief saysEuropean Central Bank head Christine Lagarde says cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy.
Stock market today: Asian shares are mostly higher after the Dow hits a record high, US dollar falls
Read full article: Stock market today: Asian shares are mostly higher after the Dow hits a record high, US dollar fallsShares are mostly higher in Asia after a powerful rally across Wall Street sent the Dow Jones Industrial Average to a record high as the Federal Reserve indicated that interest rate cuts are likely next year.
European Central Bank keeps its key interest rate at a record high. Now, when will it cut?
Read full article: European Central Bank keeps its key interest rate at a record high. Now, when will it cut?The European Central Bank has decided to keep its key interest rate at a record high and will leave it there as long as needed to battle back inflation.
Bank of England holds interest rates at a 15-year high despite worries about the economy
Read full article: Bank of England holds interest rates at a 15-year high despite worries about the economyThe Bank of England has kept borrowing rates unchanged despite mounting worries over the state of the British economy.
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
Read full article: Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalledEuropeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years.
Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast
Read full article: Economy has lost momentum during a tough year, EU commission says and warns of risk from MideastThe European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment.
International Monetary Fund warns Europe against prematurely declaring victory over inflation
Read full article: International Monetary Fund warns Europe against prematurely declaring victory over inflationThe International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they’re sure inflation is under control despite sluggish growth.
Europe's inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished
Read full article: Europe's inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanishedThe inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold.
Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
Read full article: Interest rates will stay high 'as long as necessary,' the European Central Bank's leader saysThe head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”.
Bank of England joins US Fed in keeping interest rates unchanged after inflation declines
Read full article: Bank of England joins US Fed in keeping interest rates unchanged after inflation declinesThe Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises.
ECB's Lagarde says interest rates to stay high as long as needed to defeat inflation
Read full article: ECB's Lagarde says interest rates to stay high as long as needed to defeat inflationInterest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday.
Italy proposed a bank tax to help people with interest rate hikes. The move sent stocks plunging
Read full article: Italy proposed a bank tax to help people with interest rate hikes. The move sent stocks plungingThe Italian finance ministry is defending a proposed 40% tax on some bank profits as being in line with “already existing rules in Europe on extra bank margins.”.
Europe's banks could survive a drastic economic downturn, stress test shows
Read full article: Europe's banks could survive a drastic economic downturn, stress test showsThe European Central Bank says the banking sector could withstand a severe economic downturn without depleting their financial buffers against losses.
European Central Bank hikes interest rates to combat inflation and leaves door open to more
Read full article: European Central Bank hikes interest rates to combat inflation and leaves door open to moreThe European Central Bank has raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation.
Inflation is moving in different directions in Europe. It hit 6.8% in Germany and 1.6% in Spain
Read full article: Inflation is moving in different directions in Europe. It hit 6.8% in Germany and 1.6% in SpainInflation is pushing in different directions in Europe, rising in Germany and falling again in Spain.
Top central bankers assert need for higher interest rates to tackle persistent inflation
Read full article: Top central bankers assert need for higher interest rates to tackle persistent inflationSeveral of the world's top central bankers got together, and their message was clear: interest rates could go even higher to combat inflation.
Europe's interest rates to stay high as long as needed to defeat inflation, central bank chief says
Read full article: Europe's interest rates to stay high as long as needed to defeat inflation, central bank chief saysEuropean Central Bank President Christine Lagarde is warning that inflation is holding its grip on the economy.
IMF head welcomes Europe's interest rate hikes in campaign against inflation
Read full article: IMF head welcomes Europe's interest rate hikes in campaign against inflationThe head of the International Monetary Fund has praised the European Central Bank’s decision to raise interest rate for the eighth time in a row.
Man joins VIP convoy, hugs German chancellor; security breach under investigation
Read full article: Man joins VIP convoy, hugs German chancellor; security breach under investigationGerman police have been left red-faced after a member of the public was able to slip into a VIP convoy for Chancellor Olaf Scholz and then give him a hearty hug as he prepared to board a plane at Frankfurt Airport.
European Central Bank slows pace of rate hikes but vows more
Read full article: European Central Bank slows pace of rate hikes but vows moreThe European Central Bank has slowed the pace of its interest rate increases, stepping back like the U.S. Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation.
Europe's inflation inches up ahead of interest rate decision
Read full article: Europe's inflation inches up ahead of interest rate decisionEurope’s painful inflation inched higher last month, extending the squeeze on households and keeping pressure on the European Central Bank to unleash another large interest rate increase.
Central banks end crisis offer as bank system fears ease
Read full article: Central banks end crisis offer as bank system fears easeMajor central banks are standing down from their offer of daily emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about the stability of the global financial system.
Lagarde: US-China split may weaken growth and fuel inflation
Read full article: Lagarde: US-China split may weaken growth and fuel inflationThe fragmentation of the world economy into rival blocs led by the United States and China threatens to destabilize global commerce, increase inflation and weaken growth, Christine Lagarde, the president of the European Central Bank, warned Monday.
Asian shares up after First Republic aid spurs Wall St rally
Read full article: Asian shares up after First Republic aid spurs Wall St rallyShares have advanced in Asia, tracking a rally on Wall Street after a group of big banks offered a lifeline to First Republic Bank, the lender investors had focused on in their hunt for troubles in the banking industry.
Europe's central bank backs big rate hike despite bank chaos
Read full article: Europe's central bank backs big rate hike despite bank chaosThe European Central Bank has carried through with a large interest rate increase, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.
European Central Bank pushes banks to speed up climate work
Read full article: European Central Bank pushes banks to speed up climate workThe European Central Bank is warning that many financial institutions are moving too slowly to shield themselves and Europe’s banking system from the impact of climate change.
Europe sees fastest pace of rate hikes since euro launched
Read full article: Europe sees fastest pace of rate hikes since euro launchedThe European Central Bank has made another outsized interest rate hike aimed at squelching out-of-control inflation, moving at the fastest pace in the euro currency’s history.
Asian stocks mixed ahead of US GDP update, Europe rates call
Read full article: Asian stocks mixed ahead of US GDP update, Europe rates callAsian stock markets are mixed ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high.
Europe's outlook 'darkening,' ECB head hedges on recession
Read full article: Europe's outlook 'darkening,' ECB head hedges on recessionThe head of the European Central Bank says the economic outlook “is darkening” and she expects business activity to “slow substantially” in the coming months as high energy and food prices pushed up by the war in Ukraine sap consumer spending power.
Powell's stark message: Inflation fight may cause recession
Read full article: Powell's stark message: Inflation fight may cause recessionThe Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Europe's central bank to use climate scores as it buys bonds
Read full article: Europe's central bank to use climate scores as it buys bondsThe European Central Bank says it will give corporations climate scores before it buys their bonds and intends to prioritize those doing more to reveal and reduce greenhouse gas emissions.
European Central Bank makes largest-ever interest rate hike
Read full article: European Central Bank makes largest-ever interest rate hikeThe European Central Bank has made its largest-ever interest rate increase to combat record inflation that is squeezing consumers and pushing the 19 countries that use the euro currency toward recession.