The European Central Bank "will succeed" in bringing down sky-high inflation, president Christine Lagarde said in a holiday message on Friday, as the eurozone braces for more interest rate hikes in 2023.
The recent collapse of a major cryptocurrency exchange platform that has sent shockwaves through the largely unregulated sector is "not a surprise", a top European Central Bank official said Wednesday.
As eurozone inflation soars towards 10 percent, the European Central Bank on Thursday again raised interest rates aggressively to try and bring rising prices under control.
The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring.
The European Central Bank expects to keep hiking interest rates to combat soaring inflation, its president Christine Lagarde said Monday, even as economic activity slows and fears of recession mount.
The euro soared against big rivals Monday, a day after Bundesbank president Joachim Nagel signalled more interest rates hikes from the European Central Bank to fight sky-high inflation.
21 Jul 2022
The European Central Bank is set to raise its interest rates for the first time in over a decade on Thursday as fears of a gas supply cut cloud the outlook for the eurozone economy.
18 Jul 2022
In a big case of Italian deja vu, political turmoil and the ECB's rate hike have reignited fears of a debt crisis, with all eyes on borrowing costs once more.
11 May 2022
European Central Bank chief Christine Lagarde hinted Wednesday at a first interest rate hike in July to tackle soaring inflation, echoing the actions of other major central banks and heralding the end of the eurozone's cheap money era.
9 May 2022
European Central Bank chief Christine Lagarde rejected union calls to peg wages to inflation at the Frankfurt-based institution as consumer prices in the eurozone soar.
14 Apr 2022
The European Central Bank on Thursday stood still in the face of record inflation, keeping its stimulus plans and rates unchanged, as the war in Ukraine cast a pall over the eurozone economy.
11 Apr 2022
European Central Bank governors meet Thursday to ponder record-high inflation and fresh economic uncertainty caused by the war in Ukraine, with policymakers signalling a willingness to take action sooner rather than later.