The Latest Breaking News from the European Central Bank

Europe is getting a break on inflation

In a bid to play catch up with technology companies and younger generations of consumers, central banks are finally starting to take digital currencies seriously. Countries such as Sweden, China, and India have establish pilot digital currencies – respectively, the e-krona, e-yuan and e-rupee – via their central banks. In…

Frankfurt (Germany) (AFP) - The European Central Bank delivered a smaller interest rate hike Thursday as higher borrowing costs begin to take their toll, but said it had "more ground to cover" in fighting red-hot inflation.

The European Central Bank has raised rates by a quarter of a percentage point, in a hike that its president Christine Lagarde signaled was unlikely to be the last.

Frankfurt (Germany) (AFP) - The European Central Bank delivered a smaller interest rate hike Thursday as higher borrowing costs begin to take their toll, but said the inflation outlook remained "too high for too long". 

The US Federal Trade Commission has unveiled a proposal that would bar social media giant Meta from profiting off the personal data collected from child users. The FTC is accusing Facebook and Instagram's parent company of repeated violations of data privacy policies. Also in the show, regional US lender WestPac…

The European Central Bank is deciding how big to go with its interest rate hike

Frankfurt (Germany) (AFP) - The European Central Bank is expected to hike interest rates again Thursday to fight inflation but at a slower pace, as higher borrowing costs take their toll and banking sector fears resurface.

Hollywood is at a loss for words, as thousands of film and television writers go on strike for the first time in 15 years. Members of the Writers' Guild of America voted to walk out after failing to reach a pay deal – they say they're paying the price for…