Although the European Central Bank (ECB) has lowered its interest rates, the cost of a mortgage is likely to continue rising throughout the 20-country Eurozone until at least 2030, the bank has warned.
Tag: European Central Bank
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ECB LEADERS PLAY FAVORITES IN PROMOTIONS, STAFF SAYS
Just 19 percent of European Central Bank (ECB) employees think the bank “does a good job of promoting the most competent people,” a new Ipso survey found.
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EUROZONE ECONOMY PERKS UP IN FIRST QUARTER
The collective economy of the 20-nation Eurozone grew by 0.4 percent in this year’s first three months, doubling the pace of growth reached during 2024’s final quarter. If the quarter-on-quarter pace sustains throughout the year, the area’s GDP will grow by 1.4 percent, The Wall Street Journal said.
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EUROZONE BUSINESS CONFIDENCE SINKS TO 30-MONTH LOW
Confidence among Europe’s business owners and executives has sunk to its lowest since November 2022, according to the Hamburg Commercial Bank’s new purchasing managers index (PMI).
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ECB SHOULD THINK ABOUT PAUSING RATE CUTS, BELGIAN CENTRAL BANKER SAYS
The European Central Bank (ECB) should consider not reducing its key interest rate again at its meeting this month, Pierre Wunsch, the governor of Belgium’s central bank and a member of the ECB’s rate-setting committee, said last week.
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ITALY’S MELONI CRITIQUES EUROPE’S “TIT FOR TAT” TARIFFS
Europe’s retaliatory tariffs on U.S. imports, imposed in response to U.S. trade levies, risks a return of inflation, Italian prime minister Giorgia Meloni warned on the eve of last week’s meeting of European heads of state.
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ECB CUTS KEY RATE TO PROTECT AGAINST SHOCKS
On 6 March, the European Central Bank (ECB) shaved a quarter point off its key interest rate, dropping it to 2.5 percent.
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EUROZONE ECONOMY GROWS IN 2024’S FOURTH QUARTER
The economy of the 20-country Eurozone grew 0.1 percent in 2024’s final three months, the Eurostat statistics agency reported, revising its earlier estimate that the economy had flatlined.
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TOP TREND 2025, DRAGFLATION: EUROZONE ECONOMY FLATLINED IN FOURTH QUARTER
The Eurozone’s economy stagnated in 2024’s final three months as GDPs in France, Germany, and Ireland contracted.
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ECB CUTS INTEREST RATE AGAIN
On 30 January, the European Central Bank (ECB) cut interest rates on Thursday for the fifth time since June, dropping its rate on deposits to 2.75 percent and its marginal lending rate to 3.15 percent.
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