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European Central Banks Look to Bring Inflation Back to 2% Target

France and Germany's central bank officials have announced their aim to bring inflation back to its 2% target. In a joint interview, Bank of France Governor Francois Villeroy de Galhau and Bundesbank President Joachim Nagel said that the European Central Bank's tight fiscal policies...

European Stocks Fall Ahead Of ECB Decision

European stocks fell on Thursday as investors anxiously await the highly-anticipated European Central Bank announcement later this week. The pan-European STOXX 600 index slipped 0.3%, thereby falling from its five-week high achieved at closing on Wednesday. Credit Suisse was hit particularly hard, plummeting by...

European Central Bank Calls for More Hikes as German Recession Likely

Bundesbank Chief Joachim Nagel recommended that the European Central Bank continue increasing its interest rates so as to repel the recession that Germany seems likely to face otherwise. Nagel stressed the importance of acting quickly in order to tackle the high inflation, explaining, “the...

European Central Bank Announces 50 Basis Points Interest Rates Hike

After holding out as much as possible, the European Central Bank (ECB) has caved in and increased its interest rates in an attempt to tame the surging inflation. The 50 basis points increase is the first since 2011 and the biggest since the early...