Tag: European Union inflation
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...
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...
Dollar and Euro Remain Stable Amid ECB Statement and U.S. Inflation Data
Both the U.S. dollar and the euro held firm on Wednesday as investors assess the latest statements from the European Central Bank (ECB) while awaiting the release of key U.S. inflation data.
French ECB policymaker Francois Villeroy de Galhau stated on Wednesday that interest rate...
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...