Tag: European Central Bank
ECB Expected to Keep Boosting Interest Rates, Belgian Central Bank Chief Claims
The European Central Bank is expected to continue raising its interest rates as it looks to continue suppressing inflation, Belgian central bank chief Pierre Wunsch believes. He added that a repeat of the 2008 financial crisis is unlikely as European banks have been subjected...
European Central Bank Interest Hike Likely, President Says
European Central Bank President Christine Lagarde has revealed that the bank is set to raise its interest rates by another half point at its March 16 meeting. Including this rise, the ECB's rates will have been raised by a total of 350 basis points...
IMF Urges Central Banks to Retain Interest Rates Until Inflation Subsides
International Monetary Fund Managing Director Kristalina Georgieva insists that central banks across the globe continue to adhere to strict monetary policies until inflation significantly subsides. While some central banks have lowered their interest rate hikes, inflation remains resilient as a whole.
“I want to be...
Euro Zone Business Growth Hits Nine-Month High
S&P Global's flash Composite Purchasing Managers' Index (PMI) for the 20 countries that use the euro showed that euro zone business activity has strengthened over the past month. By expanding at a faster pace than predicted, evidence is increasingly suggesting that the European Union...
Bank of Italy Governor Insists That ECB Must Restrain Interest Rate Rise
Bank of Italy governor Ignazio Visco insisted on Saturday that the European Central Bank must avoid pushing real interest rates too high. An ECB Governing Council member, Visco explained that he is concerned about the level of private and public debt in the euro...
European Central Bank Set to Raise Rates in February and March
The European Central Bank (ECB) is expected to raise its interest rates by 50 basis points in February followed by another 50 basis point hike in March. This comes after ECB governing council member Klaas Knot explained during an interview with Dutch broadcaster WNL...