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European Central Bank

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  • Europe Preview: Why a Rate Hike Is a Good Idea Thursday, 5 Jun 2008 | 6:14 AM ET

    A cut, given inflation rates, would simply make it more likely that we would enter recession at some point. If prices keep rising significantly, then the fiscal and monetary response will have to be more drastic somewhere down the road.

  • Poll: Should Britain Adopt the Euro? Thursday, 5 Jun 2008 | 2:31 AM ET

    The European Central Bank's 10th anniversary may have been marred by high inflation, but the euro's show of strength over the past nine months has been impressive.

  • Buy Dollars and Profit from the ECB Freeze Wednesday, 4 Jun 2008 | 10:31 AM ET
    Exchanging Dollars and Euros

    The European Central Bank's inability to raise rates may mean the time for a jump back into the dollar has arrived, as the  full effects of the credit crunch still have to be felt in Europe, analysts told CNBC.com.

  • No Action, Just Hawkish Talk at ECB Wednesday, 4 Jun 2008 | 10:13 AM ET

    The European Central Bank's hawks must be aching to hike rates, but they will likely sit on their hands again and leave rates at 4 percent despite inflation rising to 3.6 percent in May.

  • Inflation Crashes ECB's 10th Anniversary Party Monday, 2 Jun 2008 | 9:01 AM ET
    ** FILE ** Euro coins fall out of the hands of a person in Frankfurt, central Germany, Feb. 4, 2007. The euro set an all-time high against the dollar Friday, April 27, 2007, buying US$1.3682 as fears about a U.S. economic slowdown mounted amid signs of weak growth. L(AP Photo/Michael Probst)

    Sky-high fuel and food prices crashed the party when finance ministers flocked to Frankfurt to celebrate the inflation-fighting European Central Bank's 10th birthday on Monday, a milestone in Europe's monetary union.

  • Euro Stocks Range-Bound as ECB Fights Inflation  Monday, 2 Jun 2008 | 5:47 AM ET

    European stocks are set to stay range-bound this week as the subprime crisis continues to take its toll on confidence and rising inflation means investors do not expect the European Central Bank to cut rates any time soon.

  • Global Food Prices Could Rise Further: ECB Note Friday, 30 May 2008 | 8:54 AM ET
    Wheat Fields

    Global food prices could rise further in the short term and keep rising over the longer term as supplies are unlikely to match increased demand, a European Central Bank note said.

  • ECB Turns 10 Friday, 30 May 2008 | 7:48 AM ET

    Would you believe it? It's already 10 years, since Riverdance power-danced the new bank for Europe through its inauguration at Frankfurt's venerated old opera, with great fanfare, festive speeches and "Ode to Joy", Europe's national anthem.

  • 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.