The European Central Bank will probably increase borrowing costs next month due to the worsening outlook for inflation, Governing Council member Joachim Nagel said.
European Central Bank Chief Economist Philip Lane said the euro zone economy is being buoyed by artificial intelligence as companies invest in the technology and benefit from its rollout across the globe.
European Central Bank officials are prepared to raise interest rates in December if the inflation outlook doesn’t improve, people familiar with the situation said.
European Central Bank President Christine Lagarde played down the danger that inflation will spread beyond energy after news that she’ll step down early overshadowed Thursday’s decision to leave interest rates untouched.
President Christine Lagarde announced she’ll leave the European Central Bank in early 2027, intensifying the struggle to replace one of the world’s most powerful monetary policymakers.
The deadline for applications to replace European Central Bank Executive Board member Isabel Schnabel was extended by a month to allow countries more time to propose candidates.
Inflation expectations among euro-area households increased slightly in September, supporting expectations that the European Central Bank will keep raising borrowing costs.
The European Central Bank will lift interest rates for the final time in December following a pause next week, economists say, at odds with market bets on far more hikes lying ahead.
German inflation probably won’t be as bad as after the pandemic, but a long list of threats could push prices up more than currently expected, the Bundesbank said.
European Central Bank President Christine Lagarde stressed the importance of sound public finances when she addressed ministers in charge of budgets from around the world in Thailand.
European Central Bank officials are preparing to finish 2026 with a third interest-rate increase, the last before an increasingly complex backdrop overshadows decisions next year.
European Central Bank President Christine Lagarde stressed the importance of sound public finances when she addressed ministers in charge of budgets from around the world in Thailand.
European Central Bank Governing Council member Olli Rehn said policymakers will have additional information at the final rate decision of the year, while suggesting the current policy approach is working.
The situation in euro-area bond markets is contained and far from requiring intervention from the bloc’s rescue fund, according to European Stability Mechanism Managing Director Pierre Gramegna.