In light of the ongoing high inflation pressures, the Governing Council of the European Central Bank (ECB) decided to raise the key interest rates by 25 basis points (100 basis points makes 1 percentage points).
Investors' sentiments across the world by and large will be influenced by the FOMC meeting outcome. It is expected that the European Central Bank (ECB) will announce its interest rate decision on May 4.
"The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements," the central b
At a news conference on Thursday, ECB President Christine Lagarde signalled the bank would be cautious about further rate increases, while stressing it stood ready to provide fresh liquidity to banks.
European Central Bank President Christine Lagarde said inflation is too high and reiterated the central bank's determination to bring it back to 2 per cent.
Frankfurt [Germany], July 12 (ANI): The nature and scale of crypto markets are evolving rapidly, said the European Central Bank (ECB), adding that if the current trends continue, it will pose risks to financial stability.
Frankfurt [Germany], July 6 (ANI/Xinhua): The Euro on Tuesday slumped against the U.S. dollar, hitting a 20-year low of 1.029 dollars in the shadow of an economic recession in the euro zone.
London [UK], December 16 (ANI/Sputnik): The European Central Bank (ECB) decided on Thursday to keep the interest rate on the main refinancing operations unchanged at 0.00%.
Berlin [Germany], July 30 (ANI): How long do coronaviruses remain infectious on banknotes and coins? Is it possible to become infected through contact with cash? Experts at the European Central Bank, in collaboration with the Department of Medical and Molecular Virology at Ruhr-Universitat B
Rome [Italy], February 18 (ANI/Sputnik): The Italian Senate has given the new government led by former European Central Bank chief Mario Draghi a vote of confidence.
Mumbai (Maharashtra) [India], Dec 10 (ANI): Equity indices languished in the negative terrain during early hours on Tuesday as investors awaited the outcome of new European Central Bank (ECB) boss Christine Lagarde's first policy meeting later this week.
Mumbai (Maharashtra) [India], Sep 21 (ANI): The reduction in US Federal Reserve's policy rate by 25 basis points and the European Central Bank's decision to resume asset purchases is likely to augur well for short-term foreign portfolio investment (FPI) flows to economies such as India which