The Latest Breaking News from European Central Bank

European Union finance ministers on Tuesday formally approved Croatia becoming the 20th member of the euro common currency at the start of 2023, a move hailed as the culmination of an "amazing journey" for a Balkan nation once at war.

The European Central Bank has taken a look at how the continent's banks are accounting for possible losses from climate change

Two months ago, EUR/GBP looked destined for the junk heap. The outbreak of war in Ukraine and a then relatively dovish European Central Bank in comparison to the Bank of England had pushed the pair temporarily beyond the 0.8310 precipice more than once. A downtrend at that time seemed all…

The influx of Ukrainian refugees into the European Union could gradually ease labour shortages in the euro zone as some of those fleeing the war are likely to settle permanently, the European Central Bank said on Monday.

Spanish multinational financial services provider Banco Santander, S.A. (NYSE:SAN) has appointed Héctor Grisi as its Chief Executive Officer, effective January 1, 2023. He will succeed Jose Antonio Alvarez who will remain on the board and serve as non-executive vice chair. Grisi joined Santander in 2015 as CEO of Santander Mexico and was appointed…

Banks are raising rates to bring down inflation but there is a risk to economic growth

The European Central Bank (ECB) is to hold an unscheduled meeting on Wednesday amid growing fears that turmoil in bond markets is causing big increases in the cost of government borrowing.

The European Central Bank’s rate-setting council will hold an unscheduled meeting “to discuss market conditions” as borrowing costs for several countries have risen after the bank said it would raise interest rates

More central banks around the world are unleashing a greater amount of policy firepower as they seek to combat unrelenting inflationary pressures.