European Central Bank

Rich world’s rate-cut momentum is fading away

Central bankers are stepping back to assess how their progress so far is impacting growth and inflation

Isabel Schnabel is one of the two women on the ECB's governing council, with Christine Lagarde.

ECB’s Schnabel says she’d be ‘ready’ to succeed Lagarde if asked

While the German’s term is non-renewable, ECB lawyers believe it is an obstacle surmountable via a loophole found in 2018

Turning to the economy, Lagarde says that euro-area expansion has been more resilient than anticipated, even with the world in a phase of transformation.

ECB’s Lagarde says interest rates are at correct level

Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December

With inflation hovering around 2% and forecasts signalling an economic rebound will gain traction towards year-end, most are content to leave the deposit rate where it is.

Eurozone to get hard data on tariff damage as ECB sets rates

Analysts expect the bloc to maintain the minimal 0.1% expansion it managed in the three months to June

“I don’t see any major risks for inflation either on the upside or downside,” Wunsch says.

More ECB rate cuts increasingly unlikely, Wunsch says

Inflation is set to dip to 1.7% next year before rising back to target in subsequent years

Fluctuations in inflation are par for the course, and the factors involved are typically those that the European Central Bank looks through.

Eurozone inflation at five-month high will keep ECB on hold

Higher costs of energy and air fares will have pushed up price growth

Inflation in the 20 nations sharing the euro picked up to 2.1 per cent last month from 2 per cent in July.

Eurozone inflation edges up in August, pointing to steady ECB rates for now

[FRANKFURT] Eurozone inflation edged up a touch in August, staying close to the ECB’s two per cent target and likely firming up market bets that interest rates will remain unchanged in the near term, ...

“It’s no mere coincidence that euro area inflation is now at the 2 per cent target – it is indeed connected to the central bank’s independent decision-making,” said Olli Rehn, Finland’s central bank governor and ECB policymaker .

Trump’s pressure on Fed independence holds global risk, ECB’s Rehn says

[HELSINKI] President Donald Trump’s escalating attacks on the US Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, ECB policymaker Olli ...

Trump’s push to reshape the Fed and pressure for rate cuts sparks concerns over central bank independence and credibility.
ANALYSIS

World’s central bankers fear being caught in Fed’s storm

Central banks around the world have already started preparing for the fallout, telling lenders on their watch to watch their exposure to the US currency

After eight quarter-point cuts in a year, the ECB has signalled in July that further action will require a major shift in the economy.

ECB officials sticking to steady-rates plan after trade deal

Economists still expect a final quarter-point rate cut in December, three months later than they predicted in July