European Central Bank - page 2

Consumer Spending Activity Threats ECB’s Economic Hopes
Finance & Economics

Consumer Spending Activity Threats ECB’s Economic Hopes

Currently, in the eurozone, local consumers are not demonstrating a high level of activity in the context of their spending and have not yet signaled a willingness to expand the scale and scope of appropriate financial actions, against which fears are spreading about the prospects for economic recovery in this region, which is now characterized […]

ECB’s Fabio Panetta Says About Prospects of Interest Rates Cutting
News

ECB’s Fabio Panetta Says About Prospects of Interest Rates Cutting

Fabio Panetta, European Central Bank Governing Council member and Governor of the Bank of Italy, said it was highly likely that a decision would be made in the future to further cut interest rates.

ECB Rate Setters Want More Data Before Lowering Cost of Borrowing
News

ECB Rate Setters Want More Data Before Lowering Cost of Borrowing

This week, the flow of statistical information on the current state of affairs in the eurozone economic system space will provide the European Central Bank with more signals and form by this institution a more accurate understanding of how appropriate it is to decide to continue taking actions within the framework of the monetary policy […]

ECB Reportedly to Hold Rates Steady
News

ECB Reportedly to Hold Rates Steady

Officials of the European Central Bank during their meeting on Thursday, July 18, will most likely not make decisions on any changes in interest rates and will hold the corresponding indicator at the same level.

Euro-Area Consumer Loan Demand Demonstrates Growth
News

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.

Euro-Area Inflation Eases to 2.5%
Finance & Economics

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
News

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
News

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
News

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
News

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
News

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
Finance & Economics

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
Finance & Economics

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.

ECB Vice President Warns About Difficulties in European Economy
Finance & Economics

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
Finance & Economics

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
News

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.