The Latest Breaking News from European Central Bank

Michael McGrath welcomed the figures but said that there ‘is still a long way to go to’ before inflation is fully under control.

Rising core inflation has intensified the challenge facing the European Central Bank

Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation.

Asian stock markets have fallen for another day as investors wrestle with fears the U.S. Federal Reserve and European central banks might be willing to cause a recession to crush inflation

Asian stock markets have fallen for another day as investors wrestle with fears the U.S. Federal Reserve and European central banks might be willing to cause a recession to crush inflation

The European Central Bank announced it was increasing interest rates by 0.5% - a fourth increased in a row

Asian shares have followed Wall Street and Europe lower, with markets jittery over the risk that the Federal Reserve and other central banks may end up bringing on recessions to get inflation under control

The European Central Bank could slow its record pace of interest rate increases

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision

The Federal Reserve's aggressive campaign against high inflation dominated global financial markets this year. Starting this week, the action shifts to Europe, where inflation could prove stickier and harder to tame. That shift is likely to reverse some of the key market dynamics of 2022, most significantly a superstrong dollar.

It’s decision time for central banks on interest rates again. The US Federal Reserve and European Central Bank (ECB) are set to announce their latest decisions on Wednesday 14, while the Bank of England (BoE) will go a day later.