The Latest Breaking News from ECB

The writing is on the wall that Europe’s monetary party is about to end, and Southern Europe has remarkable parallels to Mexico and Latin America in the 1980s, writes Oliver Hartwich

An investor’s rant gives an insight into the City’s short-termist view of the environment crisis

Today at Trent Bridge, England began their second Test under the leadership of Brendon McCullum, their first coach from New Zealand. In a week’s time, Matthew Mott, an Australian, takes charge of his first white-ball international, an ODI in the Netherlands.

The European Central Bank (ECB) will raise interest rates next month for the first time in 11 years in a bid to control soaring inflation, ending a stimulus scheme to support the economy during the Covid-19 pandemic.

Bitcoin and Ethereum traded in the red on Thursday evening, as the global cryptocurrency market cap remained nearly flat at $1.2 trillion at press time. 

Thursday’s ECB meeting ultimately left EUR/USD trading lower as traders questioned the near-term path for euro area rates. Granted, policymakers were crystal clear of a 25-bps interest rate hike in July, but they failed to specify the size of the hike indicated for September.

The European Central Bank (ECB) has confirmed speculation that it will become the latest central bank to start raising headline interest rates to try to ward off inflation. The bank is to raise rates by 0.25 points to 0.25% for lending and -0.25% for deposits, with plans for another rise…

The 32-year-old was part of the selection panel that picked England’s first Test squad of the summer

Base rate to rise by 0.25% and quantitative easing to stop in July after ECB warns about inflation

This marks the first time the bank has raised rates in eleven years.

The European Central Bank (ECB) is to end a decade of zero or negative interest rates next month when it will raise the cost of borrowing by 0.25 per cent.