News list for "ECB"
European Central Bank Governing Council Patsalides: The European Central Bank does not need to cut interest rates further to achieve its 2% inflation target. (Golden Ten)
ECB interest rates will remain unchanged for now and the next move could be to cut or raise rates, said Dolenc, an ECB official. With the European economy remaining resilient and inflation steady at around 2 per cent, Dolenc sees no need to adjust borrowing costs this month because there has been no "significant change in any direction". "After September, we should wait and see how monetary policy works - what the data are, what the forecasts are - before making a decision," he said. "Policy cou...
European Central Bank Governing Council-designate Kocher: At present, monetary policy is more dependent on data, so it is essential to maintain stability and reliability. Austria will continue to maintain a prudent stance and ensure that price stability remains a core objective of the Austrian Central Bank's decisions. (Golden Ten)
Eurozone to April 17, the European Central Bank deposit mechanism interest rate of 2.25%, expected 2.25%, the previous value of 2.50%.
According to a February 20 announcement, the European Central Bank (ECB) is expanding the development of a wholesale central bank digital currency (CBDC) payment system to settle transactions between institutions. The establishment of the new system will be carried out in two phases. First, the CBDC settlement platform will be developed, while the second phase involves deeper integration with existing ECB systems, such as the foreign exchange market. Piero Cipollone, a member of the ECB's execut...
European Central Bank Governing Council member Simkus expressed his support for the expectation of three more interest rate cuts in 2025. The direction of interest rates is clear, and the next move is also clear. There is no good reason for not cutting interest rates in March.
Piero Cipollone, a member of the European Central Bank's executive board, said the ECB's interest rate decision should not ignore the tightening effect on monetary policy of unwinding past asset purchases. The Italian official told an event organised by MNI that while policy rates remained the main tool for adjusting the ECB's stance, the role of quantitative tightening in influencing financial and funding conditions - through yield curves or bank lending - should also be taken into account.
