Tag: European Central Bank interest rates hike

Inflation gauges in the United States and Europe have indicated that inflation is rising at its lowest level since early and mid-2021, thereby raising bets that interest rates will not be raised again. Set to be published on Thursday, the personal consumption expenditures price...

European Central Bank President Christine Lagarde expressed confidence in the central bank's ability to win the battle against steep inflation. "We are determined to bring inflation down to 2%," Lagarde remarked, before revealing: "According to our projections we will get there in 2025.” While some...

European Central Bank President Christine Lagarde believes that the central bank's fiscal policy will succeed in cooling inflation so long as the central bank persists on its path. "We want to bring inflation to 2% and we will succeed," Lagarde remarked, adding that it...

Eurostat, the statistics office of the European Union, revealed on Tuesday that eurozone consumer inflation has fallen slightly from its initial estimates for the month of August. Still, it remains more than twice as high as the European Central Bank's inflation target. According to Eurostat,...

European Central Bank Governing Council member Martins Kazaks has warned investors to lower their expectations of an interest rate cut during the first six months of 2024. This comes despite the ECB remaining on track to reaching its 2% inflation target after lifting rates...

European and US stocks were mixed on Thursday as investors braced themselves for the European Central Bank's interest rate policy decision due later in the day. The Stoxx Europe 600 index edged just 0.1% higher, while stateside, S&P 500 futures rose 0.2%. Futures on...