Organisation: European Central Bank

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Organisation: European Central Bank

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>ECB president Christine Lagarde was purposely vague in her outlook. Picture: AP/Michael Probst</p>

economy

David McNamara: The ECB walks an interest rate tightrope between growth and inflation

The market spotlight will be focused on the US Federal Reserve this week, as it is widely expected to cut rates for the first time this cycle

<p>ECB president Christine Lagarde has been vague on further reductions and has repeatedly said the Governing Council was not committing to any specific path of interest rate decisions. Picture: AP/Michael Probst</p>

economy

Markets eye second ECB rate cut on Thursday

<p>With the Federal Reserve set to cut rates this month, US inflation data to be released tomorrow will be closely watched.</p>

economy

European shares rebound as focus turns to ECB cuts

Eurozone economic growth slows ahead of ECB meeting

economy

Eurozone economic growth slows ahead of ECB meeting

Amazon job losses

companies

European stocks’ quest to outshine US markets is fading amid slowdown

Scaling companies 'struggle' to secure private investment

companies

Scaling companies 'struggle' to secure private investment

Eurozone inflation at three-year low as rate decision nears

Eurozone inflation at three-year low as rate decision nears

Prices rose just 2.2%

Fri, 30 Aug, 2024

Key Speakers At Danmark Nationalbank Conference

ECB's chief economist warns inflation battle has not been won

The bank's meeting on September 12 and the Fed's two-day meeting from September 15 are being viewed as a key test as to whether inflation has been truly brought under control

Sun, 25 Aug, 2024

Close up view of delivery man organizing packages before handing package to customers

Eurozone business activity surprisingly strong in August despite rising prices

There were signs that the upswing may be temporary, with readings flattered by a sharp rise in French services activity due to the Olympics

Thu, 22 Aug, 2024

Eurozone wage growth slows, boosting case for another ECB cut

Eurozone wage growth slows, boosting case for another ECB cut

The data begin a three-week countdown to the ECB’s September meeting, where officials are expected to lower the deposit rate for a second time, following June’s initial move

Thu, 22 Aug, 2024

Disappointing eurozone productivity complicates ECB’s interest rate challenge, data signals

Disappointing eurozone productivity complicates ECB’s interest rate challenge, data signals

While a more productive labour force is essential for economic growth, it is also a key plank in the ECB’s case for inflation returning to target

Thu, 15 Aug, 2024

close-up of hands holding a wad of 50 euro notes to make a payment

Consumer spending rises while affordability improves, AIB data shows

Ireland is a relatively small economy in the eurozone, but European Central Bank president Christine Lagarde said sustainable consumption growth will lead to further interest rate reductions

Mon, 12 Aug, 2024

More money going to fewer firms as investors regain confidence

More money going to fewer firms as investors regain confidence

Four deals accounted for three quarters of all Irish venture capital investments in the three months to the end of June

Mon, 12 Aug, 2024

Japan Stocks Rebound After Plunge Into Bear Market

Stocks recoup most of week's sell-off as nerves steady

In Europe, the STOXX index of 600 companies was up 0.6%, with the loss for the week all but erased

Fri, 09 Aug, 2024

Irish consumers more pessimistic about inflation than their EU counterparts

Irish consumers more pessimistic about inflation than their EU counterparts

The average consumer here expects prices to rise 3% over the next year

Fri, 26 Jul, 2024

Joe Biden

Dollar edges up slightly after Biden ends re-election campaign

Mr Biden announced he was exiting the race on Sunday, and endorsed vice president Kamala Harris to replace him as the Democratic candidate in the election

Mon, 22 Jul, 2024

Eurozone consumer prices ease slightly but Lagarde says ECB's work 'is not done'

Eurozone consumer prices ease slightly but Lagarde says ECB's work 'is not done'

The ECB will meet again this month to discuss the roadmap of further interest rate reductions.

Tue, 02 Jul, 2024

Halston Street Credit Union Limited in Dublin, Ireland

Thinking about switching mortgage provider? Now may be the moment

Falling loan-to-value ratios, falling rates and the growing number of non-bank lenders means its time to look around and examine your options writes John Hearne

Fri, 28 Jun, 2024

ECB Governing Council member bets on two more rate cuts for this year

ECB Governing Council member bets on two more rate cuts for this year

Investors reckon there are still 45 basis points of rate cuts to come in 2024 — equating to a second quarter-point move and about a 75% chance of another. The next may arrive as soon as September, and is fully priced by October.

Wed, 26 Jun, 2024

Housing stock

House price pain set to continue but incomes to rise in real terms

While mortgage holders, particularly tracker mortgages customers, are set to benefit from interest rate reductions this year, these cuts could push house prices further skyward, writes Cáit Caden

Fri, 21 Jun, 2024

Euro banknotes

Eurozone inflation ticks up again in May

These figures come after the European Central Bank (ECB) cut interest rates for the first time in nearly two years earlier this month

Tue, 18 Jun, 2024

Unit labour costs rise after bank shares confidence in inflation fall

Unit labour costs rise after bank shares confidence in inflation fall

Some market participants have started to doubt that prices in the eurozone will behave as the central bank expects, particularly after recent strong wage and inflation data

Mon, 17 Jun, 2024

Risks to scheme to boost nature in developments

Moderate pace of economic growth will not hit employment levels, AIB predicts

The lender estimates that around 2.8m people will be employed in the Irish labour market by 2026, underpinned by population growth and flexible working, leading to an increase in women in employment

Fri, 31 May, 2024

GERMANY-ECB-ECONOMY-TAX-INFLATION

German inflation edges higher to complicate decision making over ECB rate cut outlook

This week’s numbers are unlikely to deter ECB policymakers from reducing borrowing costs on June 6 but they may make officials more hesitant on subsequent moves

Wed, 29 May, 2024

Over 3,000 have had social welfare payments reduced this year, cabinet to hear

Over 3,000 have had social welfare payments reduced this year, cabinet to hear

Those who do not engage or who are not making a 'genuine attempt' to find a job will see their payments reduced

Tue, 28 May, 2024

FRANCE-ECONOMY-FINTECT-FORUM-BDF

ECB member confident rate cut will come in June despite eurozone wage growth

Meanwhile, there are fresh hopes that the Federal Reserve will also cut rates

Thu, 16 May, 2024

European Central Bank will cut interest rates next month, says McGrath

European Central Bank will cut interest rates next month, says McGrath

Finance Minister's comments come as PTSB make several deposit rate changes including a 0.9% cut on its three-year fixed rate

Fri, 10 May, 2024

European Central Bank President Christine Lagarde at ECB And Its Watchers Conference

ECB’s Philip Lane more certain inflation returning to goal

The data did little to change expectations that ECB officials will lower borrowing costs at their June 6 meeting for the first time after their barrage of hikes

Mon, 06 May, 2024

Key Speakers At Danmark Nationalbank Conference

ECB's Philip Lane warns against raising hopes over future interest rate cuts

His comments come as the cost of borrowing among eurozone governments falls after the US Federal Reserve softened its stance on interest rate cuts

Fri, 03 May, 2024

Germany Is Running Out of Workers, Putting Growth in Jeopardy

David McNamara: The eurozone economy may be turning a corner at last

The main focus this week will be on the upcoming Fed monetary policy decision

Mon, 29 Apr, 2024

The European Central Bank skyscraper in the city of Frankfurt Main, Germany

ECB surveys likely cement case for June rate cut but path to further steep cuts much less clear

Former policymaker Christian Noyer said on Friday that the ECB does not have to wait for the US Federal Reserve before cutting interest rates as the two can be out of sync for several quarters

Fri, 26 Apr, 2024

More Eurozone consumers struggling with housing costs

More Eurozone consumers struggling with housing costs

The share of lower-income households expecting to make late payments for utilities or rent rose to more than 20% in the first quarter from about 15% in 2023, ECB researchers Omiros Kouvavas and Desislava Rusinova said.

Mon, 22 Apr, 2024

Key Speakers At Danmark Nationalbank Conference

ECB’s Philip Lane warns of 'bumpy' inflation decline but hints at rate cut in June

Central Bank governor Gabriel Makhlouf said policymakers must work together to mitigate risks that may arise from the 'rapidly' growing non-bank sector

Mon, 15 Apr, 2024

The European Central Bank skyscraper in the city of Frankfurt Main, Germany

David McNamara: Markets pricing in 80 basis points worth of ECB cuts this year

Eurozone inflation has undershot expectations

Mon, 15 Apr, 2024

Shares in AIB and BoI hold gains chalked up this year despite interest rate cuts getting closer

The prospect of the ECB cutting interest rates this year ought to have dented the prospect of a significant increase in income for the Irish banks but their shares have risen

Fri, 12 Apr, 2024

ECB rate cut in June would bring 'psychological boost' for Irish households and businesses

ECB rate cut in June would bring 'psychological boost' for Irish households and businesses

A start to rate cuts in June would bring relief for Irish consumers and businesses which over the past two years faced a whole range of increased costs

Thu, 11 Apr, 2024

The European Central Bank skyscraper in the city of Frankfurt Main, Germany

'Substantial decline' in bank lending to business across the eurozone

The figures come as the ECB prepares to meet on Thursday with a first rate cut in June widely tipped

Tue, 09 Apr, 2024

Germany Europe Economy

The ECB may cut interest rates twice this summer depending on wage growth

Meanwhile, global oil benchmark Brent drifted lower on Monday but remained above $90 a barrel after Israel withdrew more soldiers from Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict in the Middle East

Mon, 08 Apr, 2024

Business sentiment remains largely positive despite tight labour market, survey shows

Business sentiment remains largely positive despite tight labour market, survey shows

Elsewhere, smaller firms in the Republic were boosted as incoming Taoiseach Simon Harris pledged to provide support to assist with rising business costs

Mon, 08 Apr, 2024

Michael Dowling: June interest rate cuts will give relief to tracker mortgage holders

Michael Dowling: June interest rate cuts will give relief to tracker mortgage holders

The question remains whether banks will pass on the rate reductions straight away. The answer is 'no', other than for tracker mortgage holders.

Sun, 07 Apr, 2024

ECB to provide further clarity on interest rate cuts next week

ECB to provide further clarity on interest rate cuts next week

Officials seem to have all but agreed that June is the month to start dialling back policy restriction

Fri, 05 Apr, 2024

Germany Europe Economy

ECB will cut in June and 'won't wait for the Fed to cut interest rates first'

ECB president Christine Lagarde may even state its intention to cut rates in June at its meeting next Thursday, economist says

Thu, 04 Apr, 2024

Germany's sliding headline inflation boosts bets ECB will cut interest rates in June

Germany's sliding headline inflation boosts bets ECB will cut interest rates in June

Eurozone data, due Wednesday, are expected to show a dip to 2.5%. A Bloomberg Economics nowcast updated after the German figures suggests a slightly lower reading of 2.4%.

Tue, 02 Apr, 2024

The European Central Bank skyscraper in the city of Frankfurt Main, Germany

ECB may be able to cut interest rates 'swiftly'

With inflation retreating, the point at which monetary settings can be loosened is nearing, even as workers receive pay increases, ECB official said

Wed, 27 Mar, 2024

Bank of Ireland's new Dublin headquarters

ECB chief economist Lane sees eurozone wages growth slowing

Also, traders are betting the Bank of England could beat its European and US peers to interest rate cuts

Mon, 25 Mar, 2024

Irish shares gain along with rest of Europe as rate cut expectations rise

Irish shares gain along with rest of Europe as rate cut expectations rise

Investors tweaked their views about the European Central Bank's policy path, pricing in a 90% chance of an ECB rate cut by June from less than an 80% chance earlier this week

Thu, 21 Mar, 2024

The European Central Bank skyscraper in the city of Frankfurt Main, Germany

Markets right for betting on three rate cuts this year, says ECB policymaker

Also, German investor morale improved more than expected in March on expectations of an ECB interest rates cut and positive signs out of China

Tue, 19 Mar, 2024

Stephen Hamilton: Forecast for some mortgage holders remains cloudy

Stephen Hamilton: Forecast for some mortgage holders remains cloudy

Fixed and variable mortgage holders do not have the guarantee that tracker mortgage customers benefit from and so their future is cloudier.

Sun, 17 Mar, 2024

Bank of France Governor Francois Villeroy de Galhau attends a meeting in Paris

ECB will start cutting rates with 'victory' over inflation in sight

Meanwhile, ECB Governing Council member Pierre Wunsch said the ECB will have to gamble soon with an interest rate cut even though wage inflation and price rises for services are uncomfortably high

Wed, 13 Mar, 2024

Frankfurt Stock Exchange Reacts To EU Referendum Vote Result

Irish shares in buying spree as European stocks hit record high

The buying spree was sparked after figures on the cooling US inflation did little to hinder bets for an interest rate cut by the US Fed in June

Tue, 12 Mar, 2024