FRANKFURT—The eurozone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday. The economy is now expected to grow by 0.1 percent in the second quarter, accelerating to 0.4 percent in both the third and fourth quarters, the…
Eurozone to Avoid Recession, Growth to Accelerate in Third Quarter: ECB Survey
Euro Turns Negative as ECB Confirms Plans to End Bonds Buys
April 14, 2022
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LONDON—The euro fell on Thursday after the European Central Bank kept its policy stance broadly unchanged, sticking to plans to slowly unwind stimulus. The euro turned negative, falling 0.1 percent to $1.08820 as of 1210 GMT after the ECB confirmed its plans to cut bond purchases, commonly known as quantitative easing, this quarter, then end…
Euro Rises 0.5 Percent Against the Dollar Ahead of ECB
LONDON—The euro and other European currencies edged up on Wednesday ahead of this week’s central bank meeting. Sterling rose 0.3 percent against the dollar to $1.3134. “European currencies have been under heavy pressures for the past couple of weeks and some of these valuations have begun to look stretched,” said Jane Foley, head of FX…
ECB Meets as Invasion of Ukraine Complicates Path to Higher Rates
February 24, 2022
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FRANKFURT—European Central Bank policymakers are gathering on Thursday for what may have become a crisis meeting as Russia’s invasion of Ukraine threatens to derail economic growth in the eurozone and complicate the ECB’s path out of negative interest rates. The ECB’s policymaking Governing Council had been due to gather in Paris on Thursday for an…
ECB Should Keep Steady Hand in Face of Shocks
FRANKFURT—The European Central Bank should keep a steady hand rather than tighten its policy in the face of external shocks like scarce supply and the green transition, ECB policymaker Mario Centeno said in an article published on Wednesday. “There are strong reasons for keeping a steady-hand,” Centeno, who is also Portugal’s central banker, said in…
ECB Could Raise Rates in Summer Before Ending Bond Buys: Holzmann
ZURICH—The European Central Bank could begin increasing interest rates before ending its bond purchasing programme, ECB policymaker Robert Holzmann said, challenging the bank’s long-held view on the sequence of its upcoming policy moves. With inflation hitting fresh record highs in recent months, the ECB recently walked back on a pledge not to raise rates this…
ECB’s Kazimir Calls for Ending Bond Buying in August: Bloomberg
FRANKFURT—European Central Bank policymaker Peter Kazimir on Friday joined a growing camp of rate-setters in favor of ending the ECB’s bond-buying program, which was designed to boost inflation in the eurozone. In an interview with Bloomberg, Kazimir said the Asset Purchase Programme (APP) could end in August but this should not be seen as paving…
IMF Backs ECB’s Easy Policy as It Sees Inflation Easing
FRANKFURT—The European Central Bank has been right to maintain its easy money policy as inflation is set to fall after “transient boosts” from supply snags that may extend into next year, the International Monetary Fund said on Thursday. Backing from her former employer was likely to bring some relief to ECB President Christine Lagarde as…
ECB Warns About Vulnerable Property Market in Eurozone
FRANKFURT—The property market is a “key vulnerability” for eurozone banks as the rise of remote working since the pandemic dents demand for offices and households take on more debt to buy expensive homes, the European Central Bank said on Wednesday. Central bankers have been ringing alarm bells about the eurozone’s booming property market that has…
ECB to Raise Deposit Rate to -0.25 Percent by Year-End: Poll
BENGALURU—The European Central Bank will raise its deposit rate in the second half of this year, and not wait until 2023 as previously expected, according to a Reuters poll of economists who also sharply upgraded their inflation forecasts for this year. The change in view followed a shift in the ECB Governing Council to concerns…
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