Latest European Central Bank News

Recovery hampered as inflation hits new highs in US, Europe

Oct. 01, 2021 11:33 AM EDT

WASHINGTON (AP) — Inflation has reached new highs in the United States and Europe as rising energy prices and supply bottlenecks restrain an economic recovery from the pandemic in both economies. The U.S. Commerce Department reported Friday that prices rose 4.3% in...

Energy prices drive Europe inflation to highest since 2008

Oct. 01, 2021 09:19 AM EDT

FRANKFURT, Germany (AP) — Sharply higher oil and gas prices have pushed annual inflation in the 19 countries that use the euro to its highest in more than a decade in September. Economists and central bankers say the jump in inflation is temporary, but governments nonetheless are scrambling...

Powell defends Fed policies, says inflation may persist

Sep. 29, 2021 15:38 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday defended the ultra-low interest rate policies he has pursued since the pandemic decimated the economy more than 18 months ago. But he acknowledged inflation has stayed higher for longer than he expected....

European Central Bank won't overreact to fleeting inflation

Sep. 28, 2021 12:22 PM EDT

FRANKFURT, Germany (AP) — Europe's current burst of inflation is temporary and won't lead the European Central Bank to “overreact” by withdrawing stimulus or raising interest rates, ECB President Christine Lagarde said Tuesday. “What we are seeing now is mostly a...

European Central Bank climate report: Early action is better

Sep. 22, 2021 09:31 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank's first climate stress test shows higher risks of loan defaults for banks in fire-plagued southern Europe and argues that an earlier and orderly shift to greener energy may have costs — but pay off for the economy over the long run. ...

Asian shares rebound; Wall St headed for weekly decline

Sep. 09, 2021 22:54 PM EDT

Shares were higher in Asia on Friday as investors stepped up buying despite another decline on Wall Street that kept the S&P 500 and the Nasdaq on track for their first weekly losses in three weeks. Shares rose in Tokyo, Hong Kong and other major markets, bouncing...

Europe's central bank eases support, but it's not a taper

Sep. 09, 2021 11:13 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank will dial back some of its massive emergency pandemic support for the economy amid signs of increasing business activity and consumer readiness to spend as the 19 countries that use the euro rebound from the coronavirus recession. ...

European Central Bank says it will dial back pandemic bond purchase stimulus to a "moderately lower pace."

Sep. 09, 2021 07:49 AM EDT
FRANKFURT, Germany (AP) — European Central Bank says it will dial back pandemic bond purchase stimulus to a "moderately lower pace."

Asian stocks rise ahead of central bank meetings

Sep. 06, 2021 23:48 PM EDT

BEIJING (AP) — Asian stock markets rose Tuesday as investors watched for decisions from central banks in Europe and elsewhere about when they might start to wind down economic stimulus. Shares advanced in Shanghai, Tokyo and Hong Kong, which are the bulk of Asia's...

Europe sees inflation jump on temporary factors

Aug. 31, 2021 09:43 AM EDT

FRANKFURT, Germany (AP) — Annual inflation equaled 10-year high in Europe in August, boosted by more expensive fuel and supply chain disruptions. Economists say the jump is temporary, but it could raise questions about how persistent higher inflation might turn out to be. ...