The Latest Breaking News from ECB

The bad news will follow for fixed and variable rate customers too as the main banks always pass the increase down the line

In the middle of a market panic that has felled two US banks and pushed several others to the brink, the European Central Bank (ECB) has raised interest rates by another 0.5 percentage points. The ECB’s president, Christine Lagarde, had been warning this was necessary to bring eurozone inflation back…

Treasury secretary attempts to reassure nervous investors that emergency measure succeeded and bank deposits ‘will be there’

Concerns half-point could set off domino effect across financial industry knocked by Credit Suisse crisis

The Eurozone central bank defies predictions that it would slow the pace of rate rises after Credit Suisse crisis

LONDON: European stock markets rebounded slightly on Thursday after troubled banking giant Credit Suisse secured a big financial lifeline and before a crucial interest-rate decision by the European Central Bank.

European Central Bank could opt for a smaller increase as concerns spread over health of banking system

Concerns about the world's banks are casting a shadow over the European Central Bank's meeting

ECB presses on with 0.5 point increase in eurozone interest rates, and says it stands ready to respond to market turmoil