ECB

European markets move higher after record ECB rate hike; BoE postpones meeting

European markets were higher Friday, as investors reacted to a record rate hike by the European Central Bank and further comments from Federal Reserve Chair Jerome Powell.The pan-European Stoxx 600 was up 1.7% in afternoon trade, with all sectors trading in the green. Basic resources were 3.1% higher, while banks were up 2.3%. On Thursday, …

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ECB promises more rate hikes after unprecedented increase

Register now for FREE unlimited access to Reuters.comRegisterRaises deposit rate to 0.75% from zeroEuro zone inflation uncomfortably high and risingNew ECB forecasts show higher inflation, lower growthMore rate hikes flaggedDownside growth scenario already materialisingFRANKFURT, Sept 8 (Reuters) – The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday …

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Central banks will fail to tame inflation without better fiscal policy, study says

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterJACKSON HOLE, Wyo., Aug 27 (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless governments start playing their …

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ECB officials warn of ‘sacrifice’ needed to tame surging inflation

A larger “sacrifice” will be needed to tame inflation than in previous bouts of monetary policy tightening, according to European Central Bank officials who warned that price growth risks spinning out of control if forceful action is not taken.Isabel Schnabel, an ECB executive board member, and François Villeroy de Galhau, governor of the Banque de France, …

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ECB hikes rates more than flagged in race to tame inflation

All rates rise by 50 basis pointsInflation to stay ‘undesirably’ highECB backs ‘anti-fragmentation’ tool called TPIECB ‘can go big’ on that, Lagarde saysFRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while the euro zone economy …

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ECB to discuss blocking banks from multibillion-euro windfall as rates rise

The European Central Bank is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interest rates later this month.The €2.2tn of subsidised loans provided by the ECB to banks helped to avert a credit crunch when …

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Euro zone inflation 8.6% in June, ECB to hike rates for first time in 11 years

The ECB has announced it will be hiking rates in July and September to counter record inflation.Daniel Roland | Afp | Getty ImagesEuro zone inflation reached a new record high in June just ahead of the European Central Bank’s first rate increase in 11 years.Headline inflation came in at 8.6% (year-on-year) for last month, according …

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