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European Central Bank

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  • Will Inflation Force Euro-Zone to Raise Rates? Friday, 30 May 2008 | 6:47 AM ET

    On the verge of the European Central Bank's 10th anniversary, the news on inflation doesn't look good. Against the bank's target of "below but close to" 2 percent, euro-zone prices rose 3.6 percent in May, compared with the year ago, back to a historic high, data showed on Friday.

  • HSBC CEO Calls for Higher Interest Rates Tuesday, 27 May 2008 | 4:30 AM ET

    The chief executive of Europe's biggest lender on Tuesday called on central bankers to raise interest rates in order to combat inflation.

  • Trichet: Financial Markets Correction Is Ongoing Monday, 26 May 2008 | 3:32 AM ET

    European Central Bank head Jean-Claude Trichet said on Monday that financial markets were experiencing an "ongoing correction" and repeated that the G7 was concerned about excessive dollar volatility.

  • Euro Zone Economy Heads for Sharp Slowdown Friday, 23 May 2008 | 7:56 AM ET

    Euro zone economic growth looks set for a sharp slowdown in the second quarter after a strong performance at the start of the year, data showed on Friday, but rocketing inflation will keep interest rates on hold.

  • Erin Burnett in Search of Global Market Movers Monday, 19 May 2008 | 11:33 AM ET

    Erin Burnett has been travelling the globe in search of the market movers of tomorrow.  So far she has been to Dubai in the United Arab Emirates and Mumbai, India.  Today, she is in London.  Like last week's comparison of the UAE and India, here are some stats comparing the UK and the US.

  • Trichet: Significant Market Correction Ongoing Monday, 19 May 2008 | 4:51 AM ET

    European Central Bank President Jean Claude Trichet warned on Monday that the end of the credit crunch was not yet in sight and the world was experiencing an "ongoing and very significant market correction."

  • Lady EUROpa and the Monetary Bull Friday, 16 May 2008 | 11:15 AM ET

    - Notes from an ECB groupie's travelog -

  • ECB's Noyer Warns of Explosive Global Inflation Mix Tuesday, 13 May 2008 | 9:46 AM ET

    ECB policymaker Christian Noyer said on Tuesday that an explosive mix of soaring commodity prices and "permissive" monetary policy in some countries with dollar pegs could trigger an inflationary spiral which would hurt poor nations most.

  • Financials Drag Euro Stocks Lower Thursday, 8 May 2008 | 11:44 AM ET

    European shares ended slightly lower on Thursday, weighed by financials after the region's top two central banks kept rates on hold as expected and investors saw little to suggest euro zone borrowing costs would fall soon.

  • ECB Holds Interest Rate at 4 Percent Thursday, 8 May 2008 | 9:30 AM ET
    European Central Bank President Jean-Claude Trichet

    The European Central Bank left its key interest rate unchanged at 4 percent on Thursday, as widely expected, and its president Jean-Claude Trichet warned on inflation pressures.

  • How Long Can the ECB Stand Pat? Thursday, 8 May 2008 | 2:04 AM ET
    European Central Bank President Jean-Claude Trichet

    The European Central Bank will most likely do on Thursday what it has done every month since the credit crunch started last August: keep rates steady and talk tough on inflation.

  • Poll: Where Will Euro Zone Rates be by Year End? Wednesday, 7 May 2008 | 9:32 AM ET

    The European Central Bank is widely expected to keep interest rates on hold at 4 percent  on Thursday, but the opposing pressures of rising inflation and slowing growth could mean the central bank has to act before the year is out.

  • Euro Zone Inflation Slows, Economic Sentiment Sags Wednesday, 30 Apr 2008 | 5:14 AM ET

    Euro zone inflation slowed more than expected in April, an early estimate showed, but economic sentiment also deteriorated faster than forecast, pointing to slowing economic growth.

  • ECB's Mersch Says Need to Consider Rate Rise: FT Tuesday, 22 Apr 2008 | 12:16 AM ET

    The European Central Bank has to ask itself each month whether a rate rise is needed to control inflation, ECB Governing Council member Yves Mersch was quoted as saying in a newspaper report on Tuesday.

  • ECB Hints at Rate Rise if Inflation Stays High Saturday, 19 Apr 2008 | 11:36 AM ET

    Wage and fiscal policy in the euro zone could buoy inflation and the European Central Bank may need to act on interest rates, ECB policymaker Axel Weber said in a newspaper interview released on Saturday.

  • Soros: Euro Cannot Become Main Reserve Currency Thursday, 17 Apr 2008 | 12:16 PM ET
    Exchanging Dollars and Euros

    The euro cannot replace the dollar as the world's main reserve currency, and a system of two reserve currencies would be unstable, billionaire investor George Soros said on Thursday.

  • Euro Zone Inflation Rises, Euro Hits Record High Wednesday, 16 Apr 2008 | 6:47 AM ET

    Surging energy and food prices pushed euro zone inflation to a new high of 3.6 percent in March, boosting the euro to a record high against the dollar on fading chances of a ECB rate cut in the near term.

  • Dow, S&P Snap Losing Streak, Helped by Techs Thursday, 10 Apr 2008 | 4:59 PM ET

    The Dow and S&P 500 snapped a two-day losing streak Thursday, led by technology stocks after an upgrade on the chip sector.

  • Intel, Wal-Mart Help Boost Stocks Thursday, 10 Apr 2008 | 3:02 PM ET

    Stocks advanced Thursday, helped by an upgrade on the chip sector and increased forecasts from two Dow components.

  • Markets End in Red, But Well Off Day's Lows Thursday, 10 Apr 2008 | 11:58 AM ET

    European stocks ended lower for the third straight session on Thursday but well off the day's lows as strong gains on Wall Street sparked a late recovery, eclipsing fears of more asset writedowns in the banking sector.