European Central Bank

Europe needs the digital euro

The EU’s current push for strategic autonomy means little if it does not extend to payment systems

ABN Amro improves its guidance for costs in the full year to about 5.5 billion euros.

ABN Amro profit beats forecast on fee boost, higher interest income

Its net income for the three months to March is 692 million euros, against analyst expectations of 597.2 million euros

The European Central Bank has debated a hike to combat soaring inflation and signalled that it might start raising borrowing costs in June.

Eurozone companies expect new inflation surge if war lasts months: ECB poll

Businesses are raising their prices or announcing hikes, reflecting the surge in oil prices, the survey finds

A key risk is that consumers and businesses may quickly adjust their own expectations, demanding higher prices and wages, and setting off an inflation spiral.

Inflation scars risk quickly lifting expectations; ECB must be ready to act: policymaker

Surging energy costs prompted by the Iran war have already pushed inflation well above the ECB’s 2% target

As oil and gas markets push higher and sentiment indicators plunge, Italy is among the countries weighing cuts to their official growth projections.

Europe’s economy is starting to feel pain from Trump’s Iran war

The conflict prompts countries to cut their output forecasts and brace for an energy-driven upswing in prices

Tehran, Iran on Mar 22. Iran has determined that it faces an existential threat and seems to have decided that its best course of action is to inflict as much pain as possible on global financial markets.

Recession risks rise for global economy

Recent monetary policy decisions by key central banks signal a rapidly changing outlook

Donald Trump has flip-flopped from saying the war could end “very soon” to claiming the US has “plenty of time” as it pounds targets from the skies.

World’s top central banks are about to confront fresh inflation threat as war jolts oil

Much hinges on how long the conflict lasts, something markets are struggling to gauge

ECB officials recognise that the progress they have made to restore price stability after eurozone inflation shot past 10 per cent four years ago is in jeopardy.

ECB rate hike potentially closer than thought on Iran war: Governing Council member

Investors bet there is a 60% chance of an increase by June, with a 35% chance of another by end-2026

ECB president Christine Lagarde has stressed that restructuring the bloc’s “business model” would require robust financial support.
THE BOTTOM LINE

Europe’s ‘limited responsibility’ model must go

ECB’s Christine Lagarde explained what Europe must do to secure its prosperity and sovereignty. But will European leaders heed the call?

US President Donald Trump’s push to make crypto more mainstream has raised fears that US dollar-backed stablecoins could gain a foothold in Europe.

Stablecoins could pose major risks to monetary policy, ECB paper warns

European lenders are developing a regulated euro-based instrument