Latest European Central Bank News

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited

Jun. 06, 2024 17:36 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate Thursday by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and...

European Central Bank cuts interest rates by quarter point, moving ahead of US Fed to lower credit costs for consumers.

Jun. 06, 2024 08:21 AM EDT
FRANKFURT, Germany (AP) — European Central Bank cuts interest rates by quarter point, moving ahead of US Fed to lower credit costs for consumers.

Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut next week

May. 31, 2024 07:06 AM EDT

FRANKFURT, Germany (AP) — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. That's more than expected as a painful spike in consumer prices takes its time to fade away. It's unlikely to stop the European Central Bank from making a...

Inflation in 20 countries that use the euro rises to 2.6% in May, likely won't stop European Central Bank rate cut

May. 31, 2024 05:05 AM EDT
FRANKFURT, Germany (AP) — Inflation in 20 countries that use the euro rises to 2.6% in May, likely won't stop European Central Bank rate cut.

Europe's economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease

Apr. 30, 2024 09:20 AM EDT

FRANKFURT, Germany (AP) — Europe's economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter compared to the last three months of 2023 as the inflation burden on consumers eased and the stagnating German economy, the continent's biggest, started to...

As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

Apr. 11, 2024 11:11 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business...

European Central Bank leaves rates unchanged as world's central banks wrestle with when to cut

Apr. 11, 2024 08:18 AM EDT
FRANKFURT, Germany (AP) — European Central Bank leaves rates unchanged as world's central banks wrestle with when to cut.

Inflation has slid again in Europe. Here's what that means for interest rates

Apr. 03, 2024 06:18 AM EDT

FRANKFURT, Germany (AP) — The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France. The annual figure for the 20...

Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation

Mar. 21, 2024 15:52 PM EDT

Food prices and overall inflation will rise as temperatures climb with climate change, a new study by an environmental scientist and the European Central Bank found. Looking at monthly price tags of food and other goods, temperatures and other climate factors in 121 nations since...