The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday. “I don’t see any interest rate hikes at the moment. What could happen, though, is that one takes more time until the … Read more
European Central Bank policymakers want to soon start discussing how to tackle the multi-trillion-euro pool of excess liquidity sloshing around banks, with raising reserve requirements a possible first move, six sources told Reuters. The debate, likely to start at the ECB’s next meeting in Athens on Oct. 26 ot at an autumn retreat for policymakers, … Read more
The Federal Reserve’s latest move to raise its policy rate, marking the 11th increase in 12 meetings, has sparked widespread discussion in economic circles. The overnight interest rate at 5.25%-5.50% now stands at its highest level in 22 years, prompting the European Central Bank to follow suit with its 9th consecutive rate hike, reaching levels … Read more
The European Central Bank raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation, even as worries about recession fuel speculation that Thursday’s hike could be its last. ECB President Christine Lagarde had all but promised the quarter-percentage point increase. That puts the focus at her post-meeting … Read more
Climate change will increase global inflation by as much as one percentage point every year as food costs climb, according to new research from the European Central Bank. In a report published this week, analysts predicted rising temperatures mean annual inflation will be between 0.32 to 1.18 percentage points higher by 2035. That will create … Read more
The Bank of England is set to raise interest rates later Thursday to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. Financial markets expect the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5%, its … Read more
The European Parliament’s approval of MiCA, the Markets in Crypto-Assets Regulation, is a significant step towards establishing a comprehensive regulatory framework for crypto-assets in the European Union (EU). This regulatory framework is seen as a politically acceptable and workable compromise that builds on existing regulatory frameworks while offering certainty to entrepreneurs and preventing knee-jerk reactions … Read more
Investors are turning their focus to the world’s top finance ministers and central bankers assembling this week in Washington, looking for fresh clues on the outlook for everything from interest rates, banking stability and debt relief to oil prices and the testy US-China relationship. Major central banks including the Federal Reserve and European Central Bank … Read more
Gold prices ticked up on Friday and were on course for a third consecutive weekly rise as the global banking crisis sent investors flocking to the safe-haven metal. FUNDAMENTALS * Spot gold was up 0.1% at $1,920.19 per ounce, as of 0033 GMT. U.S. gold futures rose 0.1% to $1,925.50. * Bullion is set to … Read more
The safe-haven dollar held just below the month’s high against the yen on Friday and maintained overnight gains versus other peers amid growing worries that continued monetary tightening at the world’s biggest central banks could trigger a recession. European Central Bank President Christine Lagarde said after the policy board raised interest rates again overnight that … Read more