Latest European Central Bank News

Inflation in Europe edges down again. But will Houthi attacks on ships spoil the relief?

Feb. 01, 2024 09:20 AM EST

FRANKFURT, Germany (AP) — Inflation in Europe edged lower in January to 2.8%, keeping alive speculation about quicker interest rate cuts that would lower borrowing costs for businesses and consumers — and help boost the stagnating economy. The annual figure released Thursday by...

Europe's economic pain drags on with zero growth at the end of last year

Jan. 30, 2024 09:58 AM EST

FRANKFURT, Germany (AP) — Europe’s economy failed to expand at the end of 2023, dragging out the stagnation for more than a year amid higher energy prices, costlier credit and a downturn in former powerhouse Germany. Zero economic growth for the October-to-December period of last...

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

Jan. 25, 2024 11:28 AM EST

FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde pushed back Thursday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices....

European Central Bank leaves its key interest rate untouched at a record-high 4%, while focus turns to timing of cuts

Jan. 25, 2024 08:22 AM EST
FRANKFURT, Germany (AP) — European Central Bank leaves its key interest rate untouched at a record-high 4%, while focus turns to timing of cuts.

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says

Jan. 17, 2024 09:03 AM EST

FRANKFURT, Germany (AP) — Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs. ...

Europe's inflation is up after months of decline. Could it delay interest rate cuts?

Jan. 05, 2024 07:22 AM EST

FRANKFURT, Germany (AP) — Inflation plaguing Europe rose to 2.9% in December, rebounding after seven straight monthly declines as food prices rose and support for high energy bills ended in some countries. The rise in price levels fueled debate over how soon interest rate cuts could be expected...

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023

Dec. 20, 2023 17:57 PM EST

The tide turned against inflation. Artificial intelligence went mainstream — for good or ill. Labor unions capitalized on their growing might to win more generous pay and benefits. Elon Musk renamed and rebranded the social media platform Twitter,...

European Central Bank keeps its key interest rate at a record high. Now, when will it cut?

Dec. 14, 2023 10:36 AM EST

FRANKFURT, Germany (AP) — The European Central Bank kept its key interest rate at a record high Thursday and said it will leave it there as long as needed to battle back inflation, signaling that cuts are not around the corner despite expectations it will act next year to support the shrinking...

European Central Bank keeps its key interest rate at a record high as markets shift focus to predicting cuts next year

Dec. 14, 2023 08:18 AM EST
FRANKFURT, Germany (AP) — European Central Bank keeps its key interest rate at a record high as markets shift focus to predicting cuts next year.

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

Nov. 30, 2023 09:11 AM EST

LONDON (AP) — Europeans again saw some relief as inflation dropped more than expected to 2.4% in November, the lowest in over two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy's ability to grow. Inflation for the...