ECB

Flash PMIs show lingering cost pressures despite US-Iran peace deal

A week after the United States and Iran signed a memorandum of understanding to end hostilities, businesses across Europe and Asia are reporting tentative relief from war-driven cost pressures — though persistent inflation and fresh disruptions to the Strait of…

ECB’s Lane warns inflation could stay above 2% ‘for quite some time’

European Central Bank President Christine Lagarde told the European Parliament on Monday that the euro zone is navigating a "middle scenario" on inflation — one that demands measured policy adjustment but not an aggressive tightening campaign. Her remarks came less…

Lagarde calls capital markets union key to euro’s global reserve status

European Central Bank President Christine Lagarde told lawmakers in Brussels on Monday that the euro will not become a global reserve currency "overnight," calling the completion of the capital markets union the single most important step toward strengthening the single…

Lagarde says ECB inflation shock warrants measured response

European Central Bank President Christine Lagarde told the European Parliament's Committee on Economic and Monetary Affairs on Monday that the euro area's inflation overshoot calls for a careful policy adjustment rather than an aggressive tightening cycle, arguing that longer-term price…

Euro zone yields dip as U.S.-Iran talks ease pressure on ECB

European government bond yields dipped on Monday as signs of progress in weekend peace talks between the United States and Iran eased concerns that diplomatic efforts to end the Middle East conflict were unraveling. But with ECB President Christine Lagarde…

ECB’s Wunsch says July rate hike possible if inflation persists

European Central Bank policymaker Pierre Wunsch said the ECB could raise interest rates again as early as July if inflation in the euro zone continues to spread beyond energy prices, even as the recent U.S.-Iran peace deal has eased some…

ECB’s Lane calls rate hike a ‘delta response’ to inflation

European Central Bank Chief Economist Philip Lane defended the institution's recent interest rate increase on Friday at the Natixis International SSA Conference in Paris, characterizing the energy-driven inflation episode as a "mid-sized shock" that warranted tightening monetary policy.

ECB says inflation will stay elevated despite U.S.-Iran deal

The European Central Bank expects consumer prices in the euro area to remain well above target for the next two years even as a freshly signed U.S.-Iran peace deal brings hope of lower energy costs, ECB Governing Council member Martin…

ECB hikes rates for first time in 3 years as Iran war fuels inflation

The European Central Bank raised interest rates on Thursday, lifting its deposit facility rate by 25 basis points to 2.25% in what marks the institution's first hike in nearly three years as the war in Iran drives energy prices and…

ECB cancels England Lions match in Abu Dhabi amid Iran strikes

The England and Wales Cricket Board cancelled a 50-over match between the England Lions and Pakistan Shaheens scheduled for Sunday in Abu Dhabi after US and Israeli military strikes on Iran triggered retaliatory Iranian attacks across the Middle East, including…