European Central Bank News

Credit Agricole Expands Influence in Italian Banking with Increased Stake in Banco BPM to 19.9%

The European Central Bank has authorized Credit Agricole to increase its stake in Banco BPM to 19.9%, making it the largest shareholder. Meanwhile, Italy's market regulator approve...

ECB's Lagarde: AI Boosts Productivity Without Triggering Job Apocalypse in Europe

ECB President Christine Lagarde discusses AI's potential to boost productivity in Europe without causing a job apocalypse, highlighting the risk of increased labor inequality as hi...

Christine Lagarde Debunks AI Job Apocalypse Myths, Highlights Productivity Boost in Europe

ECB President Christine Lagarde discusses AI's potential to boost productivity in Europe without causing a job apocalypse, highlighting the importance of addressing labor inequalit...

Christine Lagarde Debunks AI Job Apocalypse Myth, Highlights Productivity Boost in Europe

ECB President Christine Lagarde discusses AI's potential to boost productivity in Europe without causing widespread job losses, highlighting the importance of addressing labor ineq...

Christine Lagarde Debunks AI Job Apocalypse Myth, Highlights Productivity Boost in Europe

ECB President Christine Lagarde discusses AI's positive impact on European productivity and dispels fears of a job apocalypse, highlighting the nuanced effects on the workforce.

Christine Lagarde Calls for Rapid Advancement in Digital Euro for Enhanced European Security

ECB President Christine Lagarde emphasizes the need for accelerating the digital euro's development to enhance Europe's financial security and independence, amidst global shifts to...

Christine Lagarde Calls for Rapid Advancement in Digital Euro to Safeguard Europe's Financial Sovereignty

ECB President Christine Lagarde emphasizes the need for accelerating the digital euro's development to protect Europe's financial sovereignty, highlighting the importance of a legi...

Christine Lagarde Advocates for Defense Spending to Fuel Innovation Amid Rising Geopolitical Tensions

ECB President Christine Lagarde suggests that increasing defense spending could stimulate innovation and productivity, amidst growing geopolitical risks and discussions on raising ...

Joachim Nagel Advocates for a Gradual Shift Towards Neutral Rates Amid Economic Uncertainty

Joachim Nagel, a key figure in the European Central Bank, advocates for a cautious, gradual approach to adjusting monetary policy as the ECB approaches the neutral rate, emphasizin...

European Markets Tumble as German Industrial Output Hits Three-Year Low

European stock markets closed with losses following a report of Germany's industrial output hitting a three-year low. Investors are also wary of the potential negative impact of a ...

Christine Lagarde Sounds Alarm: Europe's Economic Future at Risk

ECB President Christine Lagarde warns of an existential economic threat to Europe due to shifting dynamics with the US, highlighting bureaucracy and lack of investment as key conce...

Euro Surges to New Heights Against the Pound, Marking a Significant Shift Since Late August

The euro reached its highest level against the British pound since late August 2024, driven by Germany's rising producer inflation and the pound's decline due to the Labour governm...

European Markets Experience Growth Following Positive Economic Data from Germany and Eurozone

European markets mostly closed higher following positive economic data from Germany and the Eurozone, including a significant trade surplus and industrial output growth. Retail sal...

Dollar Strengthens Against Dong Amid Global Market Fluctuations

The dollar strengthens against the Vietnamese dong and major global currencies amid market expectations of Federal Reserve's interest rate cuts and the European Central Bank's rate...

ECB's Gabriel Makhlouf Advocates for Gradual Interest Rate Cuts Amid Persistent Inflation Concerns

ECB's Gabriel Makhlouf supports gradual interest rate reductions despite persistent high inflation components, emphasizing the ECB's commitment to its 2% inflation target.

ECB Rate Cut Boosts European Markets: Key Indexes Mostly Up

European stock markets mostly rose after the ECB cut its three key interest rates by 25 bps. The DAX and Euro Stoxx 50 gained, with Airbus SE rising 2.34%. The FTSE 100 also increa...

Slowdown in Economic Recovery: Lagarde's Latest Insights on Eurozone Growth

ECB President Christine Lagarde reports a slowdown in Eurozone economic growth for the current quarter, differing from September's estimate. The bank projects 0.7% growth in 2024.

Christine Lagarde Confirms ECB's Commitment to Achieving 2% Inflation Target

European Central Bank President Christine Lagarde reaffirms the bank's commitment to reaching a 2% inflation target during a recent press conference.

ECB Rate Decision Looms: European Markets Await Key Interest Rate Announcement

European stock markets are mixed ahead of the ECB's key interest rate decision. The DAX, FTSE, and CAC 40 indices show varying degrees of increase. Currency markets also see moveme...