Tag: #European Central Bank

The European Central Bank is set to increase its benchmark policy rate by another 25 basis points this week, insisting that all future rate decisions will be strictly data dependent as uncertainty weighs over the inflation and growth outlook.

Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central Bank Vice-President Luis de Guindos told CNBC on Wednesday.

A digital euro could be launched in three or four years but banknotes will be available as long as there is demand for them, Fabio Panetta, a member of the European Central Bank’s Executive Board, told Les Echos.

The European Central Bank needs to keep interest rates high to curb inflation in the medium term, its president Christine Lagarde said on Friday, signalling more monetary tightening.

The European Central Bank will have to keep raising interest further to bring inflation back to its mid-term goal of 2% though most of the tightening has already been done, ECB’s Vice President Luis de Guindos said on Thursday.

European Central Bank interest rate hikes are in their final stretch, ECB Vice President Luis de Guindos told an Italian newspaper, while warning that higher borrowing costs could put stress on banks’ asset quality, even if indicators so far remain healthy.

Αυστηρότερη εποπτεία των ευρωπαϊκών τραπεζών -ειδικά όσων παρουσιάζουν υψηλά υπόλοιπα κόκκινων δανείων- και αυστηρότερες απαιτήσεις στον σχηματισμό προβλέψεων ζητά το Ευρωπαϊκό Ελεγκτικό Συνέδριο από την Ευρωπαϊκή Κεντρική Τράπεζα.