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Today is the ECB's third interest rate increase since July

ECB increases interest rates by 0.75% again

The European Central Bank raised interest rates for the third meeting in a row today and signalled an intention to start mopping up cash from the banking system to fight record-high inflation.

Business • 27 Oct 22

IMF chief wants central banks to keep raising rates

International Monetary Fund chief Kristalina Georgieva has said that central banks should keep raising interest rates further to fight inflation until they hit a "neutral" level, though in most cases they have not reached this point.

Business • 26 Oct 22

Senior staff presented the model to policymakers at a retreat in Cyprus last week.

ECB staff see lower rate peak than market

European Central Bank staff see the need for fewer rate hikes than markets now estimate to tame inflation, according to a new internal model that could serve as a key input in future deliberations, four sources close to the discussion said.

Business • 13 Oct 22

Christine Lagarde, European Central Bank President

Lagarde sticks to rate hikes as bond debate starts

European Central Bank President Christine Lagarde today singled out interest rate increases as the best tool to fight runaway inflation in the euro zone even as a debate about mopping up excess cash got underway.

Business • 12 Oct 22

Villeroy, who is also governor of the French central bank, said that 4.8% in euro zone core inflation, which excludes energy and food prices beyond the central bank's control, was too broad and too high.

ECB will raise rates as high as needed - Villeroy

The European Central Bank will raise interest rates as much as needed to bring down core inflation although the pace could possibly slow after the end of the year, ECB policymaker Francois Villeroy de Galhau said today.

Business • 04 Oct 22

The ECB lifted interest rates by a combined 125 basis points at its past two meetings

ECB policymakers put 0.75% hike on table for October

The European Central Bank may need to raise interest rates by another 75 basis points at its October meeting and move again in December to a level that no longer stimulates the economy, policymakers said today.

Business • 28 Sep 22

Schnabel, the head of the ECB's market operations.

ECB's Schnabel says inflation outlook hasn't improved

The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase next month even as recession risks harden.

Business • 18 Aug 22

One in five consumers expect to face increased borrowing costs

One in four expect ECB rates to indirectly affect them

One in five consumers expects to be hit by higher borrowing costs while the majority of consumers expect higher ECB interest rates are likely to worsen their financial situation, according to the latest Consumer Sentiment Index by KBC Ireland.

Business • 18 Aug 22

Lending to companies in the 19-country euro area expanded by 6.8% in June

Euro zone business lending unexpectedly surges in June

Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in Ukraine are pointing to recession risks, European Central Bank data showed.

Business • 27 Jul 22

Today the ECB announced a greater than expected 0.5% increase in rates from July 27

Why the ECB is raising rates and what it means for you

The last time the European Central Bank increased interest rates, Jedward were number one, Enda Kenny was taoiseach and Ireland was living under the influence of the troika as a result of the bailout.

Business • 21 Jul 22

The ECB Governing Council is meeting this morning

ECB increases interest rates by 0.5% to tame inflation

The European Central Bank has increased interest rates by 0.5%, in its first rate hike since 2011.

Business • 21 Jul 22

The ECB had said that it would only raise interest rates gradually

ECB to discuss rate rise of 25 or 50 points on Thursday

European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation, two sources with direct knowledge of the discussion told Reuters.

Business • 19 Jul 22

The ECB said the findings will not have an impact on the amount of capital banks will need to have

ECB climate stress test flags €70bn risk to banks

A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least €70 billion for the euro zone's largest banks, the European Central Bank has said.

Business • 08 Jul 22

All eyes are on the first estimate of June inflation for the euro zone due on Friday

European shares suffer worst quarter since pandemic hit

European shares today marked their worst quarter since the pandemic-led selling of early 2020, as investors became increasingly wary of a global recession given hawkish central bank actions to try to tame inflation.

Business • 30 Jun 22

Rising inflation is leading to downward revisions on economic growth

Inflation likely to be 'sticky' and 'persistent'

The European Central Bank has said inflation is set to remain "undesirably high" for some time to come, but there are indications that inflation is currently peaking, or has already peaked around the world.

Business • 29 Jun 22

Earlier this month, the ECB said it will end bond buys on 1 July then raise interest rates by 0.25% later that month.

ECB's Lagarde sticks to rate-hike plans

European Central bank President Christine Lagarde has reaffirmed plans to raise the ECB's interest rates twice this summer while fighting widening spreads in the borrowing costs of different euro zone countries.

Business • 20 Jun 22

Analysts and traders shrugged off the election results, with the euro rising 0.2% against the dollar to $1.05155

Euro rises with focus on ECB, dollar retreats

The euro rose today as markets focused on the European Central Bank's tools to fight fragmentation in the currency bloc, looking through the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in the country's parliamentary election.

Business • 20 Jun 22

The ECB says many refugees from Ukraine are hoping to find durable employment opportunities in the 27-nation EU

Refugee influx could ease labour shortages, ECB says

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 today.

Business • 20 Jun 22

The 19-country currency bloc has been hit by fallout from Russia's invasion of Ukraine

Euro zone to avoid recession, ECB survey suggests

The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey shows.

Business • 13 Jun 22

Markets globally weakened ahead of the decision, with new Covid-19 curbs in Shanghai adding to recession worries

European shares fall ahead of ECB decision

European shares slipped today ahead of the European Central Bank's meeting later in the day, with investors awaiting clues on the central bank's policy tightening plans.

Business • 09 Jun 22

The ECB will next meet on June 9 but has essentially ruled out a rate hike then as it continues to hoover up government debt

July rate hike of up to 0.5% possible, ECB's Knot says

The European Central Bank should raise its key interest rate by 25 basis points in July but should not yet rule out a bigger increase, Dutch central bank chief Klaas Knot told Dutch TV programme College Tour.

Business • 17 May 22

ECB President Christine Lagarde has signalled a rise in interest rates

How 'early' will the ECB start increasing rates?

Use of the five letter word "early" caused a slight ripple this week for those who read the tea leaves on the utterances of central bankers.

Business • 12 May 22

ECB may need to hike rates in July, Schnabel says

The European Central Bank may need to raise interest rates as soon as July to stop high inflation from getting entrenched, ECB board member Isabel Schnabel told German newspaper Handelsblatt today.

Business • 03 May 22

ECB confirms plans to end bond buys in third quarter

The European Central Bank stuck to plans today to finally end its stimulus programme in the third quarter but gave no further clues on its schedule, stressing uncertainties linked to the war in Ukraine.

Business • 16 Apr 22

In the United States, the Dow Jones Industrial Average fell 323.32 points, or 0.97%, the S&P 500 lost 50.68 points, or 1.18% and the Nasdaq Composite dropped 236.67 points, or 1.79%

World shares fall on US inflation, ECB announcement

Global share markets slid today as inflation in the United States hit almost 8%, likely cementing the case for an interest rate hike by the US Federal Reserve, and the European Central Bank sped up its exit from its massive stimulus program.

Business • 10 Mar 22