Euro-Area Consumer Loan Demand Demonstrates Growth
In the eurozone, banks reported the first increase in demand for consumer credits and housing loans since 2022.
European Central Bank - page 2
Christine Lagarde Says EU Recovery Fund Starts to Have Growth Impact
The president of the European Central Bank, Christine Lagarde, said that the European Union’s recovery fund has demonstrated itself as one of the success stories of the bloc and is now beginning to generate results in the economy.
Euro-Area Inflation Eases to 2.5%
On Tuesday, July 2, the statistical agency of the European Union released information according to which headline inflation in the eurozone fell to 2.5% last month.
ECB’s Olli Rehn Sees Bets for Two More Cuts in 2024 as Reasonable
Expectations that the European Central Bank will adjust the current configuration of its monetary policy twice more this year by lowering the cost of borrowing are fair, according to Governing Council member of the financial institution Olli Rehn.
ECB Cuts Rates
On Thursday, June 6, the European Central Bank decided to cut interest rates for the first time in five years.
ECB’s Inflation Challenge Resembles Similar US Problem
In the eurozone, the inflationary process has still not returned to the territory of acceptable and favorable indicators, which is why there is currently an increase in fears that the European Central Bank, as part of its movement towards easing monetary policy by cutting interest rates, may face the same problems and obstacles that have […]
ECB Reportedly to Impose Fines on Banks for Climate Failures
The media reports that the European Central Bank intends to take an unprecedented and largely sensational decision in the form of fines against several financial institutions that have been demonstrating their inability to combat the effects of climate change for a long period.
ECB Says About Need of New Rules for AI’s Use in Finance
The process of introducing and using artificial intelligence in the functional environment of financial services is currently at an early stage in terms of prevalence and does not belong to the category of generally accepted or widespread practice, but needs monitoring and possibly regulation to prevent potential harm to consumers and ensure conditions for proper […]
ECB Holds Interest Rates to First Cut in June
During the meeting on Thursday, April 11, the European Central Bank decided to keep interest rates at the same level.
ECB Prepares to Start Cutting Interest Rates Before Fed Does
The European Central Bank is demonstrating a kind of determination as part of its aspirations to begin implementing a policy of cutting interest rates before similar decisions are made by the Federal Reserve System.
Euro-Area Inflation Slows to 2.4%
On Wednesday, April 3, flash official data were released, according to which in March in 20 countries belonging to the eurozone, inflation fell to 2.4%.
ECB Keeps Borrowing Costs Steady
The European Central Bank kept the cost of borrowing at the current level during its fourth meeting, but at the same time, new economic forecasts could become a kind of base of argument to justify the expediency of the financial regulator’s decision to start lowering interest rates in 2024.
ECB Vice President Warns About Difficulties in European Economy
Luis de Guindos, Vice President of the European Central Bank, stated that the eurozone’s economic system may have experienced a downswing at the end of last year, and noted that difficulties in this area are likely to continue in 2024.
ECB to Test Banks’ Ability to Recover From Cyberattack
The European Central Bank (ECB) will conduct a stress test of 109 financial institutions under its direct supervision on the ability to restore the functioning process after cyber attacks.
Mario Centeno Says About Significance of European Job Market for EU Economy
Mario Centeno, a member of the Governing Council of the European Central Bank (ECB), told colleagues that it was highly likely that the consequences of excessive tightening for the European labor market could be rapid during the recovery of the economic system of the region.
Christine Lagarde Says About Possibility of Pandemic Bond Reinvestments Soon
The President of the European Central Bank, Christine Lagarde, said that officials of this financial institution may soon review their portfolio of so-called pandemic bonds worth €1.7 trillion ($1.9 trillion) and change their position on how long they will replace securities with maturity.
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