ECB poised for another big rate hike as inflation soars
The European Central Bank will raise interest rates again on Thursday to fight runaway inflation and, with a big move and a record one under consideration, the only question is ...
Lagarde, ECB board due in Cyprus next month
President of the European Central Bank (ECB), Christine Lagarde, will be in Cyprus next month.
This will be her second visit to the island this year.
This time the President ...
High inflation, recession risk widen ECB dilemma
Euro zone inflation jumped to another record high and will soon hit double-digit territory, heralding a string of big interest rate hikes even as a painful recession appears increasingly certain.
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ECB accounts show inflation concerns intensifying
European Central Bank policymakers meeting last month appeared increasingly concerned that high inflation was getting entrenched, even as the risk of a recession loomed in the bloc, the accounts of ...
As ECB mulls another big hike, Schnabel says inflation outlook hasn’t improved
The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase ...
ECB purchased Cypriot bonds worth €4.3 bln in total
The total value of Cypriot bonds held by the European Central Bank (ECB) on its balance sheet stood at €4.29 billion after the public sector purchase programme (PSPP) had concluded in ...
The hike is almost here – now for what comes next: Five questions for the ECB
The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday ...
ECB won’t solve profound debt issues: Rehn
The European Central Bank should limit the rise in borrowing costs of more indebted euro zone members but will not solve their debt issues or let budget concerns dictate monetary ...
ECB to discuss market rout in unscheduled meeting
The European Central Bank’s policy-setting Governing Council will hold a rare, unscheduled meeting on Wednesday to discuss the turmoil in bond markets, underscoring official concern around a blowout in ...
ECB signals a string of interest rate hikes starting in July
The European Central Bank ended a long-running stimulus scheme on Thursday and signalled a series of rate hikes that may be scaled up from September if the inflation outlook fails ...
Confronting the inflation beast: Five questions for the ECB
The European Central Bank looks all but certain to announce on Thursday that its years of bond-buying stimulus are over and that high inflation means interest rate rises are imminent.
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‘Manageable increase’ in ECB interest rates expected, says CBC governor
Cyprus’ Central Bank (CBC) governor, Constantinos Herodotou on Friday projected that an expected rise in interest rates by the European Central Bank (ECB) would be manageable.
Herodotou’s comments came ...
ECB rate should be back in positive territory by year end: Villeroy
The European Central Bank should raise its deposit rate back into positive territory this year, French central bank chief Francois Villeroy de Galhau said on Friday, comments that point to ...
Euro peers over the cliff at dollar parity as recession looms
The euro’s drop to a five-year low is rekindling the possibility the currency will reach parity versus the dollar for the first time in two decades, as fears of ...
ECB policymakers keen for quick end to bond buys, early rate hike
European Central Bank policymakers are keen to end their bond purchase scheme at the earliest possible moment and raise interest rates as soon as July but certainly no later than ...
Disappointing performance of Cyprus banks since 2015
Accumulating huge amounts of idle cash
By Les Manison
In response to the financial crisis of 2012/13 the government in agreement with the troika of international institutional institutions took measures to ...
Lagarde tells ECB policymakers to hold back criticism, leaks
European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for several days, a move critics say stymies their ability to present an honest ...
Ahead of visit, Lagarde optimistic Cyprus can weather current storm (Updated)
European Central Bank (ECB) President Christine Lagarde is optimistic that Cyprus will use the flexibility it has shown many times in order to face the current difficulties as a result ...
ECB’s Lagarde due in Cyprus next week
President of the European Central Bank (ECB) Christine Lagarde will be in Cyprus next week following an invitation from Central Bank Governor Constantinos Herodotou, it was announced on Saturday as ...
The end, and the beginning of a new era for RCB
By Yiannis Seitanides
RCB Bank’s coordinated exit from the financial markets has entered the final stretch, with the supervisory authorities in Nicosia and Frankfurt managing a situation that could ...
ECB puts Russians in EU, even residents, under scanner
European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that they are not used to circumvent Western sanctions ...
Collingwood named England interim coach for West Indies tour
England assistant coach Paul Collingwood has been named interim head coach for next month’s three-test tour of the West Indies, the country’s cricket board (ECB) said on Monday.
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Euro climbs after ECB’s ‘ground-breaking’ hawkish turn
The euro was on track on Friday for its best week versus the dollar since the COVID-19 pandemic hit, after a hawkish turn by the European Central Bank (ECB) sent ...
ECB programmes see purchases of €6.56bln in Cypriot bonds
The total purchases of Cypriot bonds by the European Central Bank (ECB) amounted to €6.56 billion, under the Public Sector Purchasing Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP).
According ...