Tag: ecb
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ECB raises inflation forecast: ECB Chief calls for more investment in AI
Yesterday, during a hearing of the European Parliament’s Committee on Economic and Monetary Affairs, European Central Bank President Christine Lagarde presented latest ECB’s inflation outlook, with inflation the outlook showing inflation going even higher and expected to remain above 2% until 2029. According to the ECB’s latest September projections, headline inflation is expected to average…
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ECB unveils proposed new Euro banknotes featuring Maria Callas, Ludwig van Beethoven and Leonardo da Vinci
The European Central Bank has unveiled ten shortlisted design proposals for the new Euro banknotes. The new Euro banknotes will feature either a selection of European birds, including the wallcreeper, kingfisher, bee-eater, white stork, avocet and northern gannet, or a series of notable European cultural and scientific figures, including Maria Callas, Ludwig van Beethoven, Marie…
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Full impacts of energy shock are yet to play out – ECB Chief Christine Lagarde
The European Central Bank has left its interests rates unchanged after an increase last month raising the rate by 25 basis points to 2.65% for its marginal lending facility. In her press conference, ECB President Christine Lagarde said that current energy prices are at the levels of the ECB’s forecasts, and energy prices remain volatile.…
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European Central Bank raises interest rates on rising inflation and lower growth
The European Central Bank has announced that it is raising its interest rates by 25 basis points to 2.4% and 2.65% and said that it forecasts headline inflation for 2026 to hit 3%. This is higher from the ECB’s baseline target of 2% and below. Economic growth projection has been lowered to 0.8%. Inflation has…
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Cautious central banker, Luis de Guindos, ends his term at the ECB
Deputy-President of the European Central Bank, Luis de Guindos has ended his term and has made way for his successor, Boris Vujčić, the previous Chairman of the Croatian National Bank. Luis de Guindos brought a pragmatic, experience-driven perspective to the ECB, shaped by his traditional finance roots and the volatile post-2018 environment. He consistently highlighted…
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ECB holds rates as energy shock clouds outlook despite earlier growth momentum
European was doing well before the Iran war broke out according to the European Central Bank Chief Christine Lagarde. Domestic demand remains the main driver for growth but prices are coming under pressure due to the energy shock. Speaking at today’s press conference, Lagarde said that the Euro area economy had been showing signs of…
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European Central Bank to intervene with a gradual approach if energy shock persists
In her speech given at Frankfurt University last Wednesday, the European Central Bank Chief Christine Lagarde joked that had she gave the speech a month ago it would been totally different. Today, she said, her team is updating their assessment on an hour by hour basis. President Lagarde said that that the ongoing energy shock…
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European Central Bank leaves interest rates unchanged: energy and commodity prices weighing on inflation
The European Central Bank kept interest rates unchanged following its latest Governing Council meeting. The US Federal Reserve also kept interest rates unchanged. The President of the ECB Christine Lagarde said warned that while inflation in the Eurozone has recently eased to around target levels, risks are titled to the downside due to the war…
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European Central Bank leaves interest rates unchanged: employment growing moderately
The European Central Bank left its interest rates unchanged at 2-2.4% as the ECB said that inflation is coming down to its target of 2%. The ECB expects inflation to moderate at these levels in the medium-term. The ECB stated that Inflation in the month of January was at 1.7% declining from 2% in December…
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ECB Chief Christine Lagarde welcomes new Maltese Central Bank Governor Alexander Demarco
The President of the European Central Bank Christine Lagarde welcomed Alexander Demarco to the ECB’s Governing Council. He officially replaces Edward Scicluna. Alexander Demarco’s appointment to the ECB Governing Council was welcomed alongside the appointment of Bulgaria’s Central Bank Chief Dimitar Radev after Bulgaria has just joined the Eurozone. New Slovenian Central Bank Governor Primož…
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European Central Bank Chief urges European leaders to cut internal trade barriers
In a scathing speech delivered at the 35th Frankfurt European Banking Congress, President of the European Central Bank Christine Lagarde urged European leaders to conduct widespread reform to ensure economic growth in the near-term and long-term future. The ECB Chief said that “The world will not slow down for Europe – but we can decide…
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ECB Chief urges European legislators to introduce legislation on the Banking Union and the Digital Euro
The European Governing Council met on Thursday in Firenze and kept interest rates unchanged as expected prompting little attention. The meeting was followed with Fed’s announcement that it was to lower its interest to 3.75-4%. Yesterday, Eurostat issued a flash estimate of inflation in the Euro-area in October coming at 2.1% in accordance with the…