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eurozone
Eurozone services contraction eases as inflation cools at record pace
The eurozone's private sector showed signs of stabilization in June after two months of declining output, as cost pressures eased at the sharpest rate on record outside of pandemic-era lockdowns, according to final survey data released on Friday by S&P…
Lagarde says ECB was ready to raise rates as early as April
European Central Bank President Christine Lagarde doubled down on the bank's June interest rate increase, telling French newspaper Les Echos on Thursday that "we are convinced we made the right decision," even as new data shows eurozone inflation cooling faster…
ECB rejects calls to lower bank capital requirements
The European Central Bank on Thursday rejected industry pressure to reduce bank capital requirements, maintaining that current levels are essential to ensure the stability of the eurozone's financial system. The stance comes as the ECB separately weighs a move to…
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…