The Latest Breaking News from European Central Bank

Reserve Bank hikes official interest rate by 50 basis points to 0.85% to curb inflation

Decision exceeded predictions from economists while Westpac was the first of the big banks to pass on the rise in full to customers

The Guardian - AU · Jun 7, 2022

Deflation to War: How the ECB Responded and What is Next

The global surge in inflation has brought to an end a long period of low interest rates and forced central banks around the world to try to bring prices under control by raising borrowing costs. Inflation in the eurozone soared to an all-time peak of 8.1 percent in May, precipitating…

Asharq Al-Awsat · Jun 6, 2022

One in 10 European Households Invest in Cryptocurrencies

Nearly one in 10 European households has invested in crypto assets, an ECB (European Central Bank) study published Tuesday said, highlighting high demand for the risky investments, which witnessed significant devaluation this month. These novel assets lure middle class people, but “it is worth nothing. It’s not a safe investment,”…

Asharq Al-Awsat · May 26, 2022

Elon Musk offers to buy Twitter and unlock ‘extraordinary potential’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Apr 14, 2022

European Central Bank head says she's positive for COVID-19

European Central Bank President Christine Lagarde has tweeted that she tested positive for COVID-19 and has mild symptoms but will continue working at home

The Independent UK · Apr 7, 2022

ECB's Lagarde has COVID but symptoms mild

European Central Bank President Christine Lagarde said on Thursday she has tested positive for COVID-19 but her symptoms are mild and she will continue to work.

Reuters · Apr 7, 2022

EV battery manufacturer Novonix gains 9pc as critical minerals boosted, but ASX closes down

Instability and inflation continue to weigh on global markets, with the Australian market finally coming down off a winning streak to follow sentiment down.

ABC News · Mar 30, 2022

European Central Bank chief: No data suggests stagflation

The European Central Bank's president says no data currently suggests that Europe will fall into stagflation, which is a combination of high inflation, little or no economic growth and high unemployment

The Independent UK · Mar 30, 2022

Crypto Is Serving Russia's Sanction Evasion, ECB President Says

European Central Bank President Christine Lagarde believes market data backs her belief that Russian actors are using cryptocurrencies such as Bitcoin (CRYPTO: BTC) to circumvent sanctions.

Benzinga · Mar 23, 2022

Did EUR/USD Just Dead Cat Bounce?

EUR/USD surged higher on Wednesday as the European Union (EU) discussed increased defence and energy sector spending ahead of the European Central Bank (ECB) interest rate decision on Thursday. The pair recently traded at 1.1067, representing a 1.6% gain on the day - its biggest daily percentage gain since 3…

Benzinga · Mar 10, 2022