ECB

ECB raises rates to nip war-led inflation in the bud

Thursday’s hike is the first since September 2023

Thursday’s hike would be the first in nearly three years and take the ECB’s benchmark deposit rate to 2.25 per cent from 2 per cent.

ECB set for ‘insurance hike’ as Iran war fans eurozone inflation

Inflation in the 21-country currency bloc is already above 3 per cent

Indicators from PMI surveys to the ECB’s own data point to growing pressure on the real economy.

Eurozone inflation rises again, reinforcing case for ECB hike

Consumer prices increase to 3.2% in May from 3% a month earlier, well above the central bank’s 2% target

Mythos, which can identify unknown flaws in IT systems, has sent a wave of anxiety across Europe as Anthropic is limiting access to it.

ECB convening bank meeting to fix flaws exposed by AI models: report

The European Central Bank (ECB) plans to press lenders to accelerate efforts to secure their IT systems after organising a meeting on cybersecurity risks with the latest artificial intelligence models...

Olli Rehn said events have shifted away from the ECB’s baseline outlook and closer to a “less favourable scenario, at least for oil prices.”

ECB’s Rehn says data show first signs of stagflationary shock

It’s the result of the Iran war and rising energy prices

ECB President Christine Lagarde said an attack by a state-sponsored actor was more likely given the sheer computing capacity needed.

ECB is studying defences against Mythos-powered attacks, Lagarde says

[FRANKFURT] The European Central Bank is studying defences against cyberattacks powered by artificial intelligence model Mythos but, like the rest of Europe, it is at a disadvantage because it has no ...

The European Central Bank also kept the rate at which banks can borrow at its weekly and daily auctions at 2.15% and 2.4%, respectively.

ECB keeps rates on hold and warns about Iran war hit

Inflation in the eurozone is already above its 2% target and expected to rise in the coming months

The ECB is monitoring whether elevated energy costs will prompt workers to demand higher salaries and firms to raise selling prices.

ECB says consumer inflation expectations rose sharply in March

Prices were seen soaring 4% over the next 12 months – up from 2.5% in February

Fed officials have warned the conflict could further stoke inflation and even force consideration of hikes.

Bond traders eye packed week of rate decisions for sell signals

Markets will be alert to signs that officials are worried about the inflation threat posed by the US-Iran conflict