The European Central Bank (ECB) is the central bank for the eurozone (euro area, the countries which have adopted the euro). One of the ECB’s main tasks is to set and implement European monetary policy. This includes the use of the interest rate tool. An important objective of the ECB...
Inflation in the euro area is forecast at 2.4 percent in 2024, 2.1 percent in 2025, and 1.9 percent in 2026, aligning with the ECB's medium-term target. Thursday's rate cut, the ECB's fourth rate reduction this year, follows an aggressive cycle of hikes that had pushed rates to recor...
Projections for economic growth in the euro area have been revised downward compared to June. The ECB staff forecast that the economy will grow by 0.8 percent in 2024, 1.3 percent in 2025, and 1.5 percent in 2026. The ECB reiterated its commitment to reducing inflation in the euro area in ...
彭博社7日发布的一项研究显示,欧洲央行(ECB)激进的加息可能会对欧元区经济造成不利影响,并将在2024年使其经济下降3.8%。 The analysis said that the combination of high interest rates and limited government capacity to stimulate development poses a potential constraint on the economic growth of the euro a...
The article reports on the concerns of the euro commercial paper (CP) dealers on the possibility that the European Central Bank (ECB) will raise the interest rates after its president Jean-Claude Trichet hinted the increase. The comments made by Trichet has led to an increase in the short ...
The EU’s statistics bureau Eurostat data for May show that inflation in some countries is already far below target, including in Italy (0.8 percent), Lithuania (0.8 percent), Finland (0.5 percent) and Latvia (0.2 percent). Prolonged periods of low inflation or deflation in combination with ...
The backdrop to the debate is that the euro-area economy is struggling to gather momentum, with households and companies hesitant to spend money amid elevated uncertainty. The ECB’s latest forecasts see growth accelerating to 1.1 per cent next year, while conflicts around the world, Don...
Euro higher ahead of interest rate decision The euro was slightly higher against major currencies at 9:45 a.m. London time (4:45 a.m. ET), ahead of the European Central Bank's announcement at 1:15 p.m. The euro was up 0.17% against the U.S. dollar at $1.051, and 0.1% hig...
Though the euro area has seen inflation rate of 2 percent in February, "a very substantial degree of monetary accommodation is still needed for underlying inflation pressures to build up and support headline inflation in the medium term," Draghi said. ...
Euro/Swiss 0.9422 0.9383 0.42% 1.46% 0.9433 0.9379 Euro/Sterling 0.8439 0.8437 0.02% -2.64% 0.8455 0.8434 NZ Dollar/Dollar 0.6171 0.6138 0.56% -2.32% $0.6174 0.613 Dollar/Norway 10.7338 10.8517 -1.09% 5.9% 10.8734 10.7315 Euro/Norway 11.8709 11.9517 -0.68% 5.76% 11.974 11.866 ...