Reporting a “substantial” drop in applications for loans, Eurozone banks are pressing the European Central Bank (ECB) to cut its interest rate from a record 4 percent, where it has held since last September.
Tag: ECB
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ECB LEAVES RATE UNCHANGED, SIGNALS JUNE CUT
The European Central Bank’s (ECB’s) governing council left the bank’s base interest rate at a record 4 percent at its meeting last week and gave a strong indication that it will cut the rate when it convenes again on 6 June.
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ECB HOLDS INTEREST RATES FIRM
At its meeting last week, the governing council of the European Central Bank (ECB) left the bank’s key interest rate at a record high of 4.50 percent and indicated the rate will not fall before June.
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BLOCKCHAIN BATTLES
The European Union is following in the footsteps of China in the issuance of a digital currency that will monitor and exert control over commercial interactions of citizens there in unprecedented ways.
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SO FAR, JOBS ARE SAFE FROM AI BUT WAGES AREN’T, ECB SAYS
To date, the widespread adoption of AI by European businesses has created more jobs than it has eliminated, especially for younger workers, a study by the European Central Bank (ECB) has found.
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EUROPE’S INTEREST RATES WILL STAY HIGH, CENTRAL BANKS SAY
Top-line inflation in Europe is easing, but central bankers are warning they do not expect to cut interest rates any time soon.
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EUROZONE UNEMPLOYMENT JUMPS IN SEPTEMBER
In September, 69,000 workers lost their jobs in the 20-nation Eurozone, nudging the jobless rate to 6.5 percent. More than 11 million people across the region are now out of work, 165,000 more than a year earlier, the Financial Times reported.
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EUROPEAN CENTRAL BANK FREEZES INTEREST RATE
At its meeting on 26 October, the governing council of the European Central Bank (ECB) ended its streak of 10 consecutive interest rate hikes, leaving its deposit rate at 4 percent, its highest since the euro currency was launched on 1 January, 1999.
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TOP TREND 2022, DRAGFLATION: EU WRESTLES WITH HIGH PRICES, SLOW GROWTH
Inflation in the Eurozone is stuck at too high a level and wage growth is keeping upward pressure on prices, Christine Lagarde, president of the European Central Bank (ECB), said in a speech last week at the annual meeting of the International Monetary Fund in Morocco.
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EUROPEAN CENTRAL BANK BEGINS TINKERING WITH AI
The European Central Bank (ECB) has begun thinking about how it might use AI to interpret inflation’s dynamics more accurately and to supervise commercial banks, The New York Times reported.