Tag: European Central Bank news

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...

Investors are raising bets that the European Central Bank will continue to raise its interest rates for longer than was previously expected. The ECB is set to reconvene on Thursday for its September policy meeting. Money markets have priced a 45% chance that the...

Bloomberg Economics has forecasted that the European Central Bank would continue to hike interest rates this month. "We forecast the Governing Council will push through a 25-basis-point increase for a final time in this cycle, bringing the deposit rate to 4.0%," Bloomberg announced in...

Chiefs of the Federal Reserve as well as the European Central Bank on Friday dashed any hopes that the two central banks would change their inflation targets. Federal Reserve Chair Jerome Powell confirmed that no changes would be made during his keynote address at...

The European Central Bank (ECB) seems set to implement an interest rate hike in July for what is expected to be one of the last as its monetary tightening agenda appears to be coming to an end. ECB President Christine Lagarde appeared to confirm an...