Latest European Central Bank News

Asian markets rise after Wall St losses amid recession fears

Jan. 19, 2023 22:56 PM EST

BEIJING (AP) — Asian stock markets rose Friday after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession. Shanghai, Tokyo and Hong Kong advanced. Seoul declined. Oil prices gained. Traders worry the Federal Reserve and other...

Powell: Fed has only narrow role to play on climate change

Jan. 10, 2023 10:45 AM EST

WASHINGTON (AP) — The Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies. ...

Europe's inflation slows again but cost of living still high

Jan. 06, 2023 06:57 AM EST

LONDON (AP) — Europe ended a bad year for inflation with some relief as price gains eased again. While the cost of living is still painfully high, the slowdown is a sign that the worst might be over for weary consumers. The consumer price index for the 19 countries that used the...

Croatia rings in New Year as fully integrated EU member

Dec. 31, 2022 20:40 PM EST

ZAGREB, Croatia (AP) — At the stroke of midnight on Saturday, Croatia switched to the shared European currency, the euro, and removed dozens of border checkpoints to join the world’s largest passport-free travel area. It marked a fresh start for the small Balkan nation of 4...

Asian markets follow Wall St lower amid gloomy outlook

Dec. 19, 2022 22:51 PM EST

BEIJING (AP) — Asian stock markets extended their losses Tuesday amid gloom about weaker global economic growth as central banks raise interest rates to cool inflation. Shanghai, Hong Kong and Sydney declined. Tokyo advanced. Oil prices rose almost $1 per barrel. ...

Asian stock markets sink under global recession fears

Dec. 18, 2022 22:53 PM EST

BEIJING (AP) — Asian stock markets fell again Monday as investors wrestled with fears the Federal Reserve and European central banks might be willing to cause a recession to crush inflation. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices rose by almost $1 per barrel but...

European Central Bank slows rate hikes but vows more ahead

Dec. 15, 2022 14:56 PM EST

FRANKFURT, Germany (AP) — The European Central Bank slowed its record pace of interest rate increases slightly Thursday but promised that more hikes are on the way, joining the U.S. Federal Reserve and other central banks in reinforcing an inflation crackdown despite some recent headway against...

European Central Bank raises interest rates by slightly slower pace, expects to keep hikes going to tackle inflation

Dec. 15, 2022 08:27 AM EST
FRANKFURT, Germany (AP) — European Central Bank raises interest rates by slightly slower pace, expects to keep hikes going to tackle inflation.

Inflation in Europe eases but still in painful double digits

Nov. 30, 2022 07:46 AM EST

FRANKFURT, Germany (AP) — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. ...

Europe's inflation likely hasn't peaked, ECB's Lagarde says

Nov. 28, 2022 13:07 PM EST

BRUSSELS (AP) — The head of the European Central Bank said Monday she does not believe inflation has peaked after reaching the highest levels on record. ECB President Christine Lagarde also told European lawmakers that the bank isn't through raising interest rates to combat those...