The Latest Breaking News from Isabel Schnabel

In an interview with the Financial Times, Isabel Schnabel of the European Central Bank emphasizes the need for patience in implementing rate cuts to addres...

November euphoria gives way to December doubts as China risks and doubts about a soft landing for the economy test prospects for a year-end rally.

Pandemic, war and climate change have created rolling crises

Top officials from the world’s biggest central banks coalesced around a simple message in Jackson Hole this weekend: They are ready to follow through with higher interest rates, even if it does some damage.

The world’s top central bankers delivered a stern and unified message on the need to curb inflation, declaring at Jackson Hole, Wyoming, that it is broad based, here to stay and will require their forceful action.

Federal Reserve Chair Jerome Powell will have a chance — if he wants to take it — to reset expectations in financial markets when central bankers gather this week at their annual Jackson Hole retreat.

Sintra (Portugal) (AFP) - Inflation has surged back to levels not seen in many developed economies since the 1970s and 1980s.Economists and central bankers at the European Cental Bank's conference in Portugal warn it will take time before price rises cool.

Frankfurt (AFP) - The European Central Bank said Wednesday it would "apply flexibility" to quell rising borrowing costs for more indebted eurozone members after an emergency meeting aimed at soothing market jitters.

Frankfurt (AFP) - European Central Bank policymakers called an emergency meeting on Wednesday, as more indebted eurozone states have come under pressure from rising borrowing costs.