Latest European Central Bank News

Powell's stark message: Inflation fight may cause recession

Sep. 22, 2022 11:42 AM EDT

WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair Jerome Powell acknowledged what many...

Europe's central bank to use climate scores as it buys bonds

Sep. 19, 2022 13:13 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank said Monday that it will give corporations climate scores before it buys their bonds and intends to prioritize those doing more to reveal and reduce greenhouse gas emissions, filling in details of its efforts to help Europe meet its...

Asian shares rise after Wall Street rise, Fed Chair comments

Sep. 08, 2022 23:52 PM EDT

TOKYO (AP) — Asian benchmarks rose Friday, cheered by gains on Wall Street as comments from the Federal Reserve chairman assured markets on the expected rate rise. Japan's benchmark Nikkei 225 rose 0.4% in morning trading to 28,181.50. Australia's S&P/ASX 200 added 0.5% to...

How major US stock indexes fared Thursday 9/8/2022

Sep. 08, 2022 16:37 PM EDT

The stock market recovered from a midday stumble and ended higher, staying on track for its first weekly gain in four weeks. The S&P 500 rose 0.7% Thursday. The Nasdaq composite and the Dow Jones Industrial average also ended higher after bumpy rides of their own. ...

European Central Bank makes largest-ever interest rate hike

Sep. 08, 2022 11:21 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out the inflation that is squeezing consumers and pushing Europe toward...

European Central Bank chief: Bank to raise rates "over the next several meetings"; economy to stagnate later in year

Sep. 08, 2022 08:54 AM EDT
FRANKFURT, Germany (AP) — European Central Bank chief: Bank to raise rates "over the next several meetings"; economy to stagnate later in year.

European Central Bank makes unprecedented interest rate hike to contain record inflation as economy heads for recession

Sep. 08, 2022 08:19 AM EDT
FRANKFURT, Germany (AP) — European Central Bank makes unprecedented interest rate hike to contain record inflation as economy heads for recession.

Inflation hits 9.1% in countries using euro currency

Aug. 31, 2022 07:39 AM EDT

LONDON (AP) — Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.9% in July, according to the...

Euro falls below parity with the dollar. What's the impact?

Aug. 23, 2022 10:01 AM EDT

The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. It's a psychological barrier in the markets. But psychology is important, and the euro's slide underlines the foreboding in the 19...

Inflation hits record 8.9% in euro area, but economy grows

Jul. 29, 2022 08:55 AM EDT

LONDON (AP) — Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy managed better-than-expected, if meager, growth in the second quarter. Annual inflation in...