The Latest Breaking News from European Central Bank

ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict, as stock markets slide and Chelsea FC owner is sanctioned by Britain

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row, extending pain for consumers and sharpening questions about future moves by the European Central Bank. The 19 countries that use the euro currency saw consumer prices increase by an annual…

Energy regulator to announce how much bills for 22m UK households can rise from April, as eurozone inflation hits record high of 5.1%

ROME — Sergio Mattarella was reelected as Italy’s president, offering relief to investors by setting up former European Central Bank head Mario Draghi to remain prime minister.