There are no shortcuts to finance
By Maria Demertzis
The three Rs of regulation, reserves and (legal) recourse are crucial for the smooth functioning of financial markets. These basic underpinnings are missing in decentralised finance, or ...
ECB raises rates as planned despite banking turmoil
The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring financial market chaos and calls by investors to dial back policy tightening at least until ...
Euro, Swiss franc recover a touch as market mood improves, traders await ECB meet
The euro and Swiss franc regained some lost ground on Thursday, as markets reacted positively to the Swiss central bank’s support for Credit Suisse, ahead of a difficult meeting ...
ECB likely to stick to big rate hike despite banking turmoil
European Central Bank policymakers are leaning towards a half-percentage-point rate hike on Thursday, as the banking sector turmoil is dissipating, the eurozone economy is picking up strength and inflation is ...
ECB confronts a cold reality: companies are cashing in on inflation
Higher margins not wages driving inflation, data shows
ECB policymakers debated issue at Arctic retreat – sources
Data may help case against more rate rises – analysts
Huddled in a retreat in ...
Traders relaxed as ECB starts running down massive bond holdings
Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank will have a smooth start to unwinding its huge bond holdings, but ...
Cypriot bonds held by Eurosystem exceed €7 billion in January
Cypriot bonds held by the Eurosystem in the context of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) exceeded €7 billion in January 2023.
On the basis ...
Doing too little is still bigger risk for ECB than doing too much: Holzmann
Inflation in the euro area remains far too high so the risk of the European Central Bank not raising interest rates high enough is still a bigger than that of ...
ECB hikes rates, promises another 50 bps more in March
The European Central Bank raised interest rates for the fifth successive time on Thursday and signalled another half a percentage point increase for March, pressing ahead with policy tightening even ...
Euro zone economy unexpectedly grows in Q4 but weak 2023 looms
The euro zone eked out growth in the final three months of 2022, managing to avoid a recession even as sky-high energy costs, waning confidence and rising interest rates took a ...
Staying the course: Five questions for the ECB
The European Central Bank looks set on Thursday to deliver another large interest rate rise to curb inflation. What it does after that is less certain.
ECB President Christine Lagarde, ...
ECB policymakers spar on rate outlook beyond Feb hike
European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious.
The ...
ECB union says staff losing faith in leadership over inflation, pay
European Central Bank staff are losing confidence in the institution’s leadership following the ECB’s failure to control inflation and a pay award that lagged the leap in prices, ...
ECB policies crucial in dealing with 2023 challenges
By Andreas Charalambous and Omiros Pissarides
Since the financial crisis of 2008, the main central banks have allocated more than $25 trillion to support the global economy. The European Central Bank (ECB) ...
ECB must stop quick wage growth from fuelling inflation, Lagarde says
Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian ...
ECB must be ready to take the heat and raise rates more, Schnabel says
The European Central Bank must be prepared to take the heat and raise interest rates further, including by more than the market expects, if that is needed to bring down ...
ECB needs more rate hikes but inflation close to peak, chief economist says
The European Central Bank will have to raise interest rates several more times to tame price pressures, even if headline inflation is now close to its peak, ECB chief economist ...
ECB says Bitcoin is artificially propped up, shouldn’t be legitimised
Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it is more akin to gambling, the European Central Bank said on Wednesday.
...
ECB warns of losses as it pays price for decade of money printing
The European Central Bank warned on Tuesday that it might make a loss as high inflation forces it to raise interest rates and foot the bill of a decade of ...
ECB to raise interest rates, likely to trim bank subsidies
The European Central Bank will raise interest rates again on Thursday and likely reel in a key subsidy to commercial banks, taking another big step in tightening policy to fight ...
ECB closing in on rule change to shave banking profits, sources say
European Central Bank policymakers are closing in on a deal to change rules governing trillions of euros worth of loans to banks in a move that will shave tens of ...
Euro jumps to 3-week high amid hawkish ECB signals, dollar idles
The euro jumped to a more than three-week peak versus the dollar on Monday, and sterling rose to the highest this month as European Central Bank officials pushed the case ...
ECB lifts rates by unprecedented 75 bps to fight inflation
The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc’s ...
Euro holds above 2-decade low before ECB decision
The euro was hovering above Tuesday’s two-decade low on Thursday as investors awaited a policy decision from the European Central Bank (ECB) and comments from the head of the ...