1 day ago
Pressure is growing on the European Central Bank to respond to rising inflation in the eurozone, as its counterparts in the United States and the United Kingdom signal willingness to take action.
The European Central Bank took a small step towards scaling back pandemic-era stimulus Thursday but sought to reassure markets of its ongoing support as president Christine Lagarde warned that the eurozone is "not out of the woods" yet.
Rising eurozone inflation provides the backdrop for the meeting of European Central Bank governors Thursday, with markets hoping for hints when policymakers might start easing their massive pandemic-era stimulus.
The European Central Bank is expected to take the next step towards a "digital euro" Wednesday by launching the project's exploration phase, but questions remain about potential pitfalls and benefits for eurozone citizens.
The ECB on Thursday set a new inflation target and integrated climate change considerations into its monetary policy strategy, the first major overhaul of its goals and tools in almost two decades.
European Central Bank chief Christine Lagarde on Thursday said it was "too early" to consider winding down pandemic support, even as the economic recovery gathers steam and inflation surges past the bank's target.
European stock markets steadied and the euro climbed Thursday as investors awaited signals from the European Central Bank on a possible inflation surge that could hinder economic recovery from the coronavirus pandemic.
European Central Bank chief Christine Lagarde warned on Thursday that the pandemic still poses "serious risks" to the eurozone economy as concerns grow about new virus variants and sluggish vaccination campaigns.
European Central Bank president Christine Lagarde said Wednesday that she remained confident of the eurozone's recovery in 2021, despite renewed virus curbs and a challenging start to vaccination programmes.
27 Nov 2020
Planned cryptocurrencies issued by global tech giants like Facebook might disrupt the European financial system, a European Central Bank board member warned Friday.
25 Nov 2020
The European Central Bank warned Wednesday that a premature withdrawal of government support to the eurozone's pandemic-hit economies could derail the recovery and trigger a wave of bankruptcies.
11 Nov 2020
European Central Bank president Christine Lagarde on Wednesday warned of an "unsteady" eurozone recovery from the pandemic despite "encouraging" news about a vaccine.