The European Central Bank (ECB) raised its base interest rate a quarter point on 4 May after making six consecutive half-point increases since embarking on its current campaign of tightening in July last year.
Tag: ECB
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ECB NOW SEES EUROPE’S INFLATION AS MORE PERSISTENT THAN IN U.S.
As we reported back in May 2021, as prices began to rise, Christine Lagarde, president of the European Central Bank, waved away critics’ concerns, saying that inflation in the Eurozone was only temporary and less of a danger than it was in the U.S.
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ECB OFFICIAL CALLS FOR COORDINATION OF GLOBAL CRYPTO REGULATION
Cryptocurrency regulations among various countries should be “harmonized…so that gaps don’t occur that are missed by regulators,” Elizabeth McCaul, a member of the European Central Bank’s supervisory board, said in 28 November remarks at the Financial Times Crypto and Digital Assets Summit.
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ADJUSTABLE-RATE MORTGAGES PUT SPANISH HOMEOWNERS AT THE BRINK
The European Central Bank’s (ECB’s) recent interest rate increases are pushing Spain’s homeowners toward default, the Financial Times reported.
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ECB RAISES KEY INTEREST RATE 75 BASIS POINTS
The European Central Bank (ECB) raised two key interest rates three-quarters of a point last week, the second such raise in the ECB policy committee’s last two meetings.
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ECB FEARS INFLATION WILL LAST FOR YEARS
The European Central Bank’s [ECB’s] governing council is expressing concern that inflation in the Eurozone, which ran recently at 10 percent, will become “self-reinforcing” and last for years as the euro remains weak and governments pump stimulus money into national economies to soften the impact of soaring energy costs, the Financial Times reported.
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