The Latest Breaking News from European Central Bank

European Union finance ministers on Tuesday formally approved Croatia becoming the 20th member of the euro common currency at the start of 2023, a move hailed as the culmination of an "amazing journey" for a Balkan nation once at war.

The European Central Bank has taken a look at how the continent's banks are accounting for possible losses from climate change

Though economists worry that higher interest rates could push the nation into a recession, the Fed chair pointed to a strong labor market and said most households and businesses have healthy savings.

To address inflation, the Bank of England warns it may need the option of half-point interest rate rises

The head of the European Central Bank says it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected

Many households are living paycheck-to-paycheck

Two months ago, EUR/GBP looked destined for the junk heap. The outbreak of war in Ukraine and a then relatively dovish European Central Bank in comparison to the Bank of England had pushed the pair temporarily beyond the 0.8310 precipice more than once. A downtrend at that time seemed all…

The influx of Ukrainian refugees into the European Union could gradually ease labour shortages in the euro zone as some of those fleeing the war are likely to settle permanently, the European Central Bank said on Monday.

Spanish multinational financial services provider Banco Santander, S.A. (NYSE:SAN) has appointed Héctor Grisi as its Chief Executive Officer, effective January 1, 2023. He will succeed Jose Antonio Alvarez who will remain on the board and serve as non-executive vice chair. Grisi joined Santander in 2015 as CEO of Santander Mexico and was appointed…

Banks are raising rates to bring down inflation but there is a risk to economic growth

The European Central Bank (ECB) is to hold an unscheduled meeting on Wednesday amid growing fears that turmoil in bond markets is causing big increases in the cost of government borrowing.