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ECB leaves rates on hold against backdrop of Iran war uncertainty

ECB leaves rates on hold against backdrop of Iran war uncertainty

LONDON, April 30 (Reuters) - The European Central Bank left interest rates unchanged as expected on Thursday but signalled its rising concerns over soaring inflation, bolstering bets it would lift rates several times this year with an initial move in June.
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Inflation hits 3% in Europe as Iran war spreads oil price shock

Inflation hits 3% in Europe as Iran war spreads oil price shock

Soaring oil prices from the Iran war pushed inflation higher to 3% in Europe in April
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Bank of England set to hold rates as Iran war clouds outlook

Bank of England set to hold rates as Iran war clouds outlook

By William Schomberg LONDON, April 30 (Reuters) - The Bank of England looks set to keep interest rates on hold on Thursday as it awaits the economic fallout from the Iran war and investors will be on alert for any suggestions that higher borrowing costs are likely to be needed. Like the U.S.
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Bank of England keeps interest rate on hold at 3.75% as it weighs impact of Iran war on UK economy

Bank of England keeps interest rate on hold at 3.75% as it weighs impact of Iran war on UK economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy

Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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ECB to hold rates steady but keep hikes firmly on the table

ECB to hold rates steady but keep hikes firmly on the table

By Balazs Koranyi and Francesco Canepa FRANKFURT, April 30 (Reuters) - The European Central Bank will keep interest rates unchanged on Thursday like most of its global peers this week, but it is also likely to signal that a rate hike, perhaps as soon as June, may be needed to combat an energy-driven
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Big central banks say rate hikes are getting closer

Big central banks say rate hikes are getting closer

By Stefano Rebaudo and Alun John MILAN/LONDON, April 30 (Reuters) - Major central banks left interest rates unchanged this week but warned that they could raise them soon to prevent a jump in energy prices, caused by the U.S.-Israeli war with Iran, spilling over into a surge in broader inflation.
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ECB keeps rates on hold and warns about Iran war hit

ECB keeps rates on hold and warns about Iran war hit

FRANKFURT, April 30 (Reuters) - The European Central Bank kept interest rates on hold on Thursday and warned that the war in Iran was fuelling an energy-led rise in euro zone inflation while taking a toll on economic activity.  
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European Central Bank Faces Inflation Surge Amid Iran War's Oil Price Impact

European Central Bank Faces Inflation Surge Amid Iran War's Oil Price Impact

The European Central Bank (ECB) is grappling with a significant inflation increase, as reported by Eurostat. Inflation in the Eurozone rose to 3% in April, driven by a 10.9% surge in energy prices due to the Iran war. This conflict has led to the closure of the Strait of Hormuz, a critical oil passage, causing crude oil prices to soar above $120 per barrel. Despite the inflation surpassing the ECB's 2% target, the bank is expected to maintain its benchmark interest rate at 2%. The Eurozone's economic growth remains sluggish, with only a 0.1% increase in the first quarter, raising concerns of stagflation.
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Stagflation risks stacking up as Iran war enters third month

Stagflation risks stacking up as Iran war enters third month

By Alun John, Yoruk Bahceli and Dhara Ranasinghe LONDON, April 30 (Reuters) - Financial markets are finding it harder to look past the rising economic costs of the Iran war as the continued closure of the Strait of Hormuz prolongs the world's biggest-ever disruption to energy supplies.
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Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy

Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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European markets dip as investors eye earnings, Iran conflict continues to weigh

European markets dip as investors eye earnings, Iran conflict continues to weigh

By Twesha Dikshit April 29 (Reuters) - European shares dipped on Wednesday, as investors turned their focus to a packed day of corporate earnings, while a continuing U.S.-Iran impasse also kept risk sentiment in check. The pan-European STOXX 600 was down 0.3% at 605.02 points, as of 0829 GMT.