European Central Bank

The European Central Bank (ECB) has announced it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis.

A huge surprise for Greece cannot be ruled out this summer. This has to do with a decision by the European Central Bank and concerns the inclusion of Scope Ratings in the group of rating agencies the ECB takes into account in its decisions.

Another quarter-point interest rate rise by the European Central Bank should be enough and further tightening might damage the economy, ECB Governing Council member Yannis Stournaras said in an interview with CGTN Europe on Wednesday.

Across the developed world, we are hearing the argument that high costs are "profit inflation," meaning that rising prices stem mainly from rising profit margins. This is confirmed by reputable economists at multinational banks like UBS and others, by the chief economist of the European Central Bank, Philip Lane, and by its president, Christine Lagarde.

Greek central bank chief Yannis Stournaras did not rule out a further interest rate hike by the European Central Bank in September, but added that any increase beyond that month "would be surprising."

Bulgaria is discussing with the European Commission and the European Central Bank (ECB) the possibility of the euro also being used in Bulgaria before its official introduction. This was understood from the words of Finance Minister Asen Vassilev while presenting the draft budget for the year.

In Washington they paused; in Frankfurt they hiked; and in Beijing, they cut.

Central bankers in three of the world's key economic regions have unveiled divergent monetary policies this week as they each contend with their own challenges.

The European Central Bank will almost certainly deliver another interest rate hike tomorrow, pressing ahead with its fight against inflation even as the eurozone slides into a recession.

Analysts predict that ECB policymakers will copy May's move and again raise borrowing costs by 25 basis points, taking the closely watched deposit rate to 3.5 percent.

Eurozone government bond yields edged lower on Friday but were still at the top end of their recent range as investors braced for a European Central Bank policy meeting tilted to the hawkish side late next week.

The European Central Bank's chief economist yesterday said it was "not the right time" to end interest rate hikes, despite easing inflation in the eurozone.    

The ECB has raised rates by 3.5 percentage points since July last year in an unprecedented campaign of monetary tightening to bring soaring consumer prices under control.