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The European Central Bank announced it will cut euro zone interest rates by a further 0.25% to 3.5%

Who will benefit from ECB interest rates cut?

There is little surprise that the European Central Bank has moved to cut rates by a further 0.25%.

The US Federal Reserve is likely to start cutting US interest rates next week

Global rate cutting cycle picking up pace

Interest rate cuts from major central banks are well underway, with the European Central Bank today delivering its second quarter-point cutof the year.

Business • 12 Sep 24

The European Central Bank has cut its key interest rate again

ECB cuts euro zone interest rates again

The European Central Bank cut interest rates again as euro zone inflation slows and economic growth falters, but provided no substantial clues to its next step, even as investors bet on steady policy easing in the months ahead.

Europe • 18 Oct 24

German inflation eased to 2% in August - its lowest level since June 2021

German inflation falls to lowest level in over 3 years

German inflation fell to its lowest level in more than three years in August, a second estimate confirmed today, making it easier for the European Central Bank to cut interest rates this week.

Business • 10 Sep 24

Italian former prime minister and economist Mario Draghi has issued a stark warning about the European economy

Draghi urges reform, investment drive to revive EU

European growth has been falling behind that of the US since the beginning of the 21st century, while a more uncertain global trading picture threatens to further undo EU growth prospects, according to an eagerly awaited report by former ECB president Mario Draghi.

Business • 09 Sep 24

Hanging in the balance - Five questions for the ECB

The European Central Bank looks all but certain to cut rates again on Thursday, yet the outlook after that is less clear.

Business • 06 Sep 24

Combining BBVA and Sabadell would create a bank with more than €1 trillion in total assets

ECB gives green light to BBVA's acquisition of Sabadell

The European Central Bank has authorised BBVA's offer for Sabadell part of the regulatory process for the Spanish bank's hostile bid for its smaller rival.

Business • 06 Sep 24

The ECB cut interest rates in June and is almost certain to ease again in September in a nod to slowing price growth

ECB policymakers at odds over downturn's impact: sources

European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and others focusing on lingering inflation pressures, sources close to the debate said.

Business • 02 Sep 24

HCOB's final euro zone manufacturing Purchasing Managers' Index stood at 45.8 in August, just ahead of a 45.6 preliminary estimate but still below the 50 mark separating growth from contraction

Euro zone August factory activity stuck in a rut - PMI

Euro zone manufacturing activity remained mired in contraction in August, a survey showed today, with the data suggesting a recovery could be some way off as demand fell at its sharpest pace this year.

Business • 02 Sep 24

Consumer prices in the euro zone slowed to 2.2% in August from 2.6% in July this year, new figures show today

Euro zone inflation tumbles, firming up ECB rate cut bets

Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European Central Bank's interest rates next month despite an Olympics-driven surge in the price of services.

Business • 30 Aug 24

ECB's Schnabel keeps door open to further rate cuts

Euro zone inflation is falling as predicted, easing the risk that further rate cuts would derail disinflation, European Central Bank board member Isabel Schnabel said today, cautioning that risks to the outlook still remain.

Business • 30 Aug 24

German inflation eased to 2% in August, its lowest level since June 2021 on the back of lower energy prices

German inflation falls to 2% in August, aiding ECB cuts

German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to cut interest rates in September.

Business • 29 Aug 24

The ECB raised euro zone interest rates at a record pace in 2022 and 2023 to combat inflation

ECB can gradually cut rates if inflation heading to 2%

The European Central Bank can gradually lower interest rates as long as inflation is seen hitting its 2% target by the end of 2025, at the latest, Dutch policymaker Klaas Knot said today.

Business • 27 Aug 24

Euro zone yields edge up after ECB remarks

Euro area government bond yields edged up today after European Central Bank officials sounded cautious on future monetary easing, with investors on hold ahead of key economic data later this week.

Business • 26 Aug 24

Jerome Powell, chairman of the US Federal Reserve (left) and Tiff Macklem, governor of the Bank of Canada, at the Jackson Hole Economic Policy Symposium in Wyoming (Getty)

Central banks' pivots signal more turbulence ahead

Growing signs of lacklustre growth and risks emerging to the job market overshadowed a gathering of global policymakers at the US Federal Reserve's annual Jackson Hole conference, highlighting the changing trajectory of monetary policy as US and European central banks eye cutting interest rates.

Business • 26 Aug 24

The ECB cut rates for the first time after a record string of hikes in June and markets expect a second move on 12 September

ECB has room for gradual rate cuts, Kazaks says

The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged, ECB policymaker Martins Kazaks said.

Business • 23 Aug 24

ECB may need to cut rates again in September, Rehn says

The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn has said.

Business • 20 Aug 24

Euro zone inflation accelerated to 2.6% in July from 2.5% in June, according to Eurostat's flash estimate

Euro zone inflation unexpectedly edges up in July

The euro zone's annual inflation rate unexpectedly edged up in July due to rising energy costs, official data showed today.

Business • 31 Jul 24

Growth in euro zone business activity stalled in July, the latest PMI shows

Euro zone business growth stalls in July, PMIs show

Growth in euro zone business activity stalled this month as a tepid expansion in the bloc's dominant services industry failed to offset a deeper downturn among manufacturers, a survey showed today.

Business • 24 Jul 24

New data to help reassess monetary policy stance - ECB

New data and macroeconomic projections will help the European Central Bank to better reassess its monetary policy stance in September, said ECB vice president Luis de Guindos in an interview with Europa Press.

Business • 23 Jul 24

Germany's Deutsche Bank is due to issue its quarterly results on Wednesday

European banks' earnings in focus this week

Some of Europe's biggest banks report their second-quarter earnings this week, with all eyes on whether the gains from higher interest rates have run out of steam and if recent political drama is weighing on sentiment.

Business • 22 Jul 24

The ECB kept interest rates unchanged yesterday, as expected, but said September's meeting was 'wide open'

Villeroy says expectations for future ECB cuts reasonable

Market expectations for the path of future interest rate cuts by the European Central Bank are "rather reasonable," ECB policymaker Francois Villeroy de Galhau said in an interview on French radio BFM Business today.

Business • 19 Jul 24

The ECB said today it will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate level of interest rates

ECB rates unchanged, but offers no guidance on next move

The European Central Bank kept interest rates unchanged as expected today, with its president Christine Lagarde saying a move in September was "wide open".

Business • 18 Jul 24

A net 16% of lenders polled in the ECB's Bank Lending Survey (BLS) reported a surge in demand for loans from households in the three months to June

Euro zone households seek loans again after two years

Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic about the economy and interest rates fall, a European Central Bank survey showed today.

Business • 16 Jul 24

ECB governors lowered the closely-watched deposit rate from a record 4% to 3.75% at their June meeting

ECB to opt for summer pause after initial rate cut

The European Central Bank is expected to leave interest rates unchanged on Thursday, giving the euro zone time to digest last month's first cut since 2019 as the inflation path remains unpredictable.

Business • 15 Jul 24

European Central Bank