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ECB to pause rate hikes but signal that more may be needed

ECB to pause rate hikes but signal that more may be needed

By Balazs Koranyi and Francesco Canepa FRANKFURT, July 23 (Reuters) - The European Central Bank is all but certain to keep interest rates unchanged on Thursday but will hold the door wide open to another rate hike in September, as a fresh jump in energy prices threatens to put more upward pressure

Exclusive-ECB considering several options to mitigate losses, sources say

Exclusive-ECB considering several options to mitigate losses, sources say

By Balazs Koranyi and Francesco Canepa FRANKFURT, July 23 (Reuters) - The European Central Bank is considering several options to mitigate its financial losses, in a tense debate that is expected to come to a head in the autumn, four sources said.

European Central Bank Maintains Interest Rates Amid Energy Price Volatility

European Central Bank Maintains Interest Rates Amid Energy Price Volatility

The European Central Bank (ECB) has decided to keep its key interest rates unchanged, citing ongoing volatility in energy prices and high uncertainty. The ECB is closely monitoring the inflationary impact of the energy shock and remains committed to stabilizing inflation at its 2% target. The decision reflects the ECB's cautious approach in navigating economic uncertainties, particularly those stemming from the conflict in the Middle East. The ECB will continue to assess economic data to determine future monetary policy actions.

ECB Holds Deposit Rate Steady Amid Energy Price Volatility

ECB Holds Deposit Rate Steady Amid Energy Price Volatility

The European Central Bank (ECB) has decided to keep its deposit rate unchanged at 2.25%, a decision that was widely anticipated by the markets. The ECB's Governing Council emphasized a data-dependent approach, indicating that future monetary policy decisions will be made on a meeting-by-meeting basis. Despite acknowledging the volatility in energy prices due to geopolitical tensions, the ECB maintained its commitment to ensuring inflation returns to its 2% medium-term target. The central bank's statement highlighted the need to monitor the full inflationary effects of the energy shock, including indirect and second-round effects, in the coming months.

Europe's central bank holds rates steady amid swings in oil prices

Europe's central bank holds rates steady amid swings in oil prices

The European Central Bank is leaving interest rates unchanged amid uncertainty about how volatile energy prices will affect inflation

ECB Considers September Rate Hike Amid Rising Oil Prices

ECB Considers September Rate Hike Amid Rising Oil Prices

The European Central Bank (ECB), led by President Christine Lagarde, is contemplating a potential interest rate hike in September due to surging oil prices. Despite leaving rates unchanged at their recent meeting, the ECB is closely monitoring the impact of geopolitical tensions, particularly in the Middle East, on energy prices. The recent ceasefire between the US and Iran had initially led to a decrease in oil prices, but renewed conflicts have reversed this trend, causing concerns about inflation. The ECB's decision in September will depend heavily on the trajectory of oil prices and their impact on inflation.

Instant View: ECB leaves rates on hold, but keeps door open to further rate hikes

Instant View: ECB leaves rates on hold, but keeps door open to further rate hikes

LONDON, July 23 (Reuters) - The European Central Bank kept borrowing costs on hold on Thursday but left room for more tightening in the coming months as a widening conflict in the Middle East pushed up energy prices again.

Morning Bid: Magnificent cash burn

Morning Bid: Magnificent cash burn

By Mike Dolan July 23 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets There was a familiar playbook in response to Alphabet's earnings beat and capital expenditure boost overnight - its stock fell and chip stocks rose.

Asian stocks skid as oil spike revives inflation fears, bonds take a hit

Asian stocks skid as oil spike revives inflation fears, bonds take a hit

By Stella Qiu SYDNEY, July 24 (Reuters) - Asian shares fell on Friday as oil prices stormed back above $100 a barrel amid an intensifying conflict in the Gulf, rattling bond markets and reviving fears of a fresh inflation shock.

Dollar Strengthens Amid U.S.-Iran Tensions and ECB Rate Decision

Dollar Strengthens Amid U.S.-Iran Tensions and ECB Rate Decision

The U.S. dollar reached a new 40-year high against the Japanese yen and gained against the euro on Thursday, driven by rising oil prices and geopolitical tensions in the Middle East. The European Central Bank (ECB) kept interest rates unchanged, but left the door open for a potential rate hike in September due to inflationary pressures from increased energy prices. The dollar's strength is attributed to the U.S. economy's relative insulation from energy price shocks compared to Europe and Japan. The dollar index, which measures the greenback against a basket of currencies, rose by 0.36%, while the euro fell by 0.33%.

European shares fall as STMicro results hit tech; Nestle tumbles

European shares fall as STMicro results hit tech; Nestle tumbles

By Tharuniyaa Lakshmi and Purvi Agarwal July 23 (Reuters) - European shares fell on Thursday as chip stocks slid and Nestle tumbled nearly 7%, heading for its biggest one-day decline since July 2002 after its results, while investors awaited the European Central Bank's policy decision.

Euro zone banks tighten credit access on war fears

Euro zone banks tighten credit access on war fears

FRANKFURT, July 21 (Reuters) - Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the European Central Bank's quarterly Bank Lending Survey showed on Tuesday.