Eurozone Inflation Near 10-Year High

Eurozone inflation accelerated more-than-expected to a near 10-year high in August, flash data from Eurostat showed on Tuesday. Inflation rose to 3 percent in August from 2.2 percent in July. This was the highest since November 2011 and also exceeded the European Central Bank’s 2 percent target and economists’ forecast of 2.7 percent. Core inflation… Continue reading Eurozone Inflation Near 10-Year High

ECB’s Lagarde Says Current Rise In Inflation Likely To Be Largely Temporary

European Central Bank President Christine Lagarde said on Thursday that the current rise in euro area inflation is likely to be temporary and underlying price pressures are expected to pick up gradually. Yet, inflation over the medium term is likely to remain well below the target, she added. On July 8, the ECB had adopted… Continue reading ECB’s Lagarde Says Current Rise In Inflation Likely To Be Largely Temporary

ECB member Villeroy: totally justified to keep accommodative monetary policy for now

FILE PHOTO: Francois Villeroy de Galhau, governor of the Bank of France, attends the Group of 20 (G-20) high-level seminar on financial innovation “Our Future in the Digital Age” on the sidelines of the G-20 finance ministers and central bank governors meeting in Fukuoka, Japan, on Saturday, June 8, 2019. Kiyoshi Ota/Pool via REUTERSPARIS (Reuters)… Continue reading ECB member Villeroy: totally justified to keep accommodative monetary policy for now

ECB’s Lagarde Says Current Rise In Inflation Likely To Be Largely Temporary

European Central Bank President Christine Lagarde said on Thursday that the current rise in euro area inflation is likely to be temporary and underlying price pressures are expected to pick up gradually. Yet, inflation over the medium term is likely to remain well below the target, she added. On July 8, the ECB had adopted… Continue reading ECB’s Lagarde Says Current Rise In Inflation Likely To Be Largely Temporary

ECB to chart new policy path next week

FRANKFURT (Reuters) -The European Central Bank will chart a new policy path at its next meeting to reflect its change of strategy and show it is serious about reviving inflation, ECB policymakers said on Monday.FILE PHOTO: The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, July 8, 2020. REUTERS/Ralph Orlowski/File PhotoAnnounced… Continue reading ECB to chart new policy path next week

ECB to chart new policy path next week

FRANKFURT (Reuters) -The European Central Bank will chart a new policy path at its next meeting to reflect its change of strategy and show it is serious about reviving inflation, ECB policymakers said on Monday.FILE PHOTO: The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, July 8, 2020. REUTERS/Ralph Orlowski/File PhotoAnnounced… Continue reading ECB to chart new policy path next week

ECB to change policy guidance at next meeting, Lagarde says

Fox Business Flash top headlines for July 9 Check out what’s clicking on FoxBusiness.com. FRANKFURT, July 12 – The European Central Bank will change its guidance on the next policy steps at its next meeting to reflect its new strategy and show it is serious about reviving inflation, ECB President Christine Lagarde said in an… Continue reading ECB to change policy guidance at next meeting, Lagarde says

Eurozone Investor Confidence Highest Since February 2018 – Sentix

Eurozone’s investor confidence improved for a fifth month in a row in July to its highest level in nearly three-and-a-half years amid the rebound in economic activity as economies re-open after restrictions linked to the coronavirus pandemic were relaxed. The eurozone investor confidence index rose to 29.8 from 28.1 in June, survey data from the… Continue reading Eurozone Investor Confidence Highest Since February 2018 – Sentix

Eurozone Investor Confidence Highest Since February 2018 – Sentix

Eurozone’s investor confidence improved for a fifth month in a row in July to its highest level in nearly three-and-a-half years amid the rebound in economic activity as economies re-open after restrictions linked to the coronavirus pandemic were relaxed. The eurozone investor confidence index rose to 29.8 from 28.1 in June, survey data from the… Continue reading Eurozone Investor Confidence Highest Since February 2018 – Sentix

Bitcoin Rises Ahead of ECB Special Meeting

Bitcoin has risen above $35,000 today, gaining 2% largely due to crypto specific factors like the adjustment of difficulty, but a European Central Bank (ECB) special meeting this week might be playing a part. The Governing Council will gather in Frankfurt for a dinner this Tuesday that could extend to Thursday to conclude a strategic… Continue reading Bitcoin Rises Ahead of ECB Special Meeting

ECB to come down on banks surfing market boom, Enria says

FILE PHOTO: Andrea Enria, chairperson of the European Banking Authority, speaks at Reuters Summit interview in London, Britain, September 25, 2017. Picture taken September 25, 2017. REUTERS/Afolabi Sotunde/File PhotoFRANKFURT (Reuters) -The European Central Bank plans to come down on banks that are taking too much risk via financial instruments such as leveraged loans and equity-related… Continue reading ECB to come down on banks surfing market boom, Enria says

Eurozone Sentix Investor Confidence Highest Since 2018

Euro area investor confidence rose for the fourth straight month in June to its highest level in over three years as financial experts assessed the current economic situation more favorably, survey data from the behavioral research institute Sentix showed Monday. The Sentix investor confidence index for Eurozone climbed to 28.1 from 21.0 in May. Economists… Continue reading Eurozone Sentix Investor Confidence Highest Since 2018

ECB leader floats 3K threshold for digital euro holdings

In an interview today, Fabio Panetta, executive member of the European Central Bank said the ECB may only allow digital euro holdings “up to a certain threshold” but added that the rollout of the central bank digital currency was unlikely to cause banks to lose deposits. Specifically, Panetta said that this threshold “could be around… Continue reading ECB leader floats 3K threshold for digital euro holdings

ECB must keep easy money policy in place despite inflation surge: Lagarde

European Central Bank (ECB) President Christine Lagarde looks on before addressing the European Parliament in Brussels, Belgium February 8, 2021. REUTERS/Johanna GeronFRANKFURT (Reuters) – The European Central Bank must keep copious stimulus in place as an unexpected surge in inflation last month masks weak underlying dynamics, ECB President Christine Lagarde said on Monday. “Underlying price… Continue reading ECB must keep easy money policy in place despite inflation surge: Lagarde

ECB’s Lagarde Says Downside Risks To Eurozone Growth Outlook Less Pronounced

Risks surrounding the euro area growth outlook remain tilted to the downside, but are now less pronounced, the European Central Bank President Christine Lagarde said Thursday. “The news about the prospects for the global economy, the agreement on future EU-UK relations and the start of vaccination campaigns is encouraging, but the ongoing pandemic and its… Continue reading ECB’s Lagarde Says Downside Risks To Eurozone Growth Outlook Less Pronounced

ECB Policymakers Concerned Pandemic Second Wave Would Prolong Crisis, Minutes Show

European Central Bank policymakers were concerned that the resurgence in the coronavirus pandemic that has led to restoration of lockdown in several countries could prolong the economic crisis, minutes of the latest policy session showed on Thursday. “Members considered that the impact of positive news regarding the availability of vaccines on the medium-term outlook needed… Continue reading ECB Policymakers Concerned Pandemic Second Wave Would Prolong Crisis, Minutes Show

ECB president Lagarde renews calls for global regulation of Bitcoin

The European Central Bank president Christine Lagarde has repeated her insistence that global regulators need to tighten the rules to ensure Bitcoin (BTC) falls under more coordinated oversight.  In an interview at the Reuters Next conference — amid an unprecedented bull market for the veteran cryptocurrency — Lagarde argued: “[Bitcoin] is a highly speculative asset,… Continue reading ECB president Lagarde renews calls for global regulation of Bitcoin

ECB eyes more bond buys, cheap loans in December as pandemic hits

FRANKFURT (Reuters) – The European Central Bank committed on Thursday to take new action in December to contain the growing fallout from a second wave of coronavirus infections, likely in the form of more bond purchases or cheap credit for banks. While the bank’s Governing Council left policy unchanged this time around, it was the… Continue reading ECB eyes more bond buys, cheap loans in December as pandemic hits

ECB's Villeroy says mistake to set end date now for pandemic response

FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau delivers a speech to open a conference entitled “Bretton Woods: 75 years later” in Paris, France, July 16, 2019. REUTERS/Philippe WojazerPARIS (Reuters) – The European Central Bank should refrain from setting an end date to its monetary stimulus package launched this year in… Continue reading ECB's Villeroy says mistake to set end date now for pandemic response

Exclusive: Lagarde's peace at risk as ECB splits over virus response – sources

FRANKFURT (Reuters) – European Central Bank policymakers are increasingly divided over how to steer the economy through a second wave of COVID-19, threatening President Christine Lagarde’s hard-won peace, conversations with eight ECB insiders show.FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting… Continue reading Exclusive: Lagarde's peace at risk as ECB splits over virus response – sources

Lagarde Says ECB Watching Strong Euro Carefully

European Central Bank President Christine Lagarde said on Thursday that policymakers are watching the appreciation in the euro closely for any impact on prices, and reiterated that the bank stands ready to adjust all its tools when needed to support the fragile economic recovery in the euro area. The Governing Council extensively discussed the implications… Continue reading Lagarde Says ECB Watching Strong Euro Carefully

HIGHLIGHTS-Lagarde comments at ECB press conference

FRANKFURT, July 16 (Reuters) – The European Central Bank left policy unchanged on Thursday, as expected, scrutinising instead the effectiveness and any unwanted side-effects of its crisis-fighting measures. Following are highlights of ECB President Christine Lagarde’s comments at a post-policy meeting press conference. ACTIVITY RESUMES Incoming information … signals a resumption of euro area economic… Continue reading HIGHLIGHTS-Lagarde comments at ECB press conference