The Latest Breaking News from ECB

Hong Kong (AFP) - Markets extended a global sell-off Friday after the European Central Bank laid the groundwork to join others in a programme of interest rate hikes, while attention turns to the release of key US inflation data.

Hong Kong (AFP) - Asia extended losses across world markets on Friday after the European Central Bank laid the groundwork to join others in a programme of interest rate hikes, while attention turns to the release of key US inflation data.

The European Central Bank (ECB) has confirmed speculation that it will become the latest central bank to start raising headline interest rates to try to ward off inflation. The bank is to raise rates by 0.25 points to 0.25% for lending and -0.25% for deposits, with plans for another rise…

The 32-year-old was part of the selection panel that picked England’s first Test squad of the summer

New York (AFP) - Global stocks moved deeper into the red on Thursday after the European Central Bank unveiled steps to rein in surging inflation while Wall Street traders were in selling mode ahead of a key reading on consumer prices.

Base rate to rise by 0.25% and quantitative easing to stop in July after ECB warns about inflation

This marks the first time the bank has raised rates in eleven years.

Amsterdam (AFP) - The European Central Bank on Thursday said it would raise interest rates for the first time in over a decade next month to combat runaway inflation, bringing the curtain down on the eurozone's era of cheap money.

The European Central Bank (ECB) is to end a decade of zero or negative interest rates next month when it will raise the cost of borrowing by 0.25 per cent.