Economy Nov 28 Inflation in Europe likely to increase, more interest rate hikes likely, warns central bank president By Associated Press
World Nov 16 European Central Bank says a recession ‘has become more likely’ It's looking more like a recession is coming in Europe. That's the takeaway from a financial stability report that the European Central Bank released Wednesday. By David McHugh, Associated Press
World Oct 27 Europe sees fastest interest rate hikes since the euro first launched The European Central Bank has made another outsized interest rate hike aimed at squelching out-of-control inflation, moving at the fastest pace in the euro currency's history. By David McHugh, Associated Press
World Jul 21 Europe’s central bank raises interest rates for first time in 11 years The ECB is joining steps already taken by the U.S. Federal Reserve and other major central banks to target stubbornly high inflation. By David McHugh, Associated Press
World Feb 13 Draghi takes helm in Italy, focused on pandemic recovery aid Draghi and his 23 Cabinet ministers took their oaths of office at the Quirinal presidential palace. Italian President Sergio Mattarella had tasked the former European Central Bank president with trying to form a government up to managing the the health,… By Frances D'Emilio, Associated Press
Jun 18 European Central Bank hands out 1.3 trillion euros in loans By David McHugh, Associated Press The European Central Bank has handed out more than a trillion euros in cheap loans to banks as part of its effort to get the economy through the virus outbreak. Continue reading
Mar 12 European Central Bank deploys stimulus to ease virus damage By David McHugh, Associated Press ECB President Christine Lagarde said the economy was facing a “major shock” and that the central bank measures unveiled Thursday were “almost surgically” targeted at areas where monetary policy could help. Continue reading
Dec 12 European Central Bank chief says economic slowdown is stabilizing By David McHugh, Associated Press ECB head Christine Lagarde said that recent economic indicators are “weak overall” but “point to some stabilizing in the slowdown of of economic growth.”… Continue reading
Sep 17 How low can we go? The prospects for negative interest rates By Kenneth Kuttner, Econofact There is increasing speculation regarding whether the Federal Reserve might set a negative target for the federal funds rate should the economy enter a recession. Continue reading
Sep 04 Incoming European Central Bank head defends low interest rates By David McHugh, Associated Press During hearings in the European parliament Wednesday, Lagarde said the job requires both a commitment to the basic mandate to keep prices stable and the "agility" to come up with new ways to meet unforeseen trouble. Continue reading