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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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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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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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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 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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Inflation up in three German states in April, pointing to national increase

Inflation up in three German states in April, pointing to national increase

By Maria Martinez BERLIN, April 29 (Reuters) - Inflation rose in three key German states in April, preliminary data showed on Wednesday, suggesting Germany's national inflation rate could increase this month amid higher energy prices due to the Iran war.
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ECB Faces Policy Dilemma Amid Surging Inflation and Faltering Growth

ECB Faces Policy Dilemma Amid Surging Inflation and Faltering Growth

The European Central Bank (ECB) is grappling with a policy dilemma as inflation expectations in the Euro zone surge due to the ongoing conflict in Iran, while economic growth shows signs of faltering. According to recent ECB surveys, inflation expectations for one year ahead have jumped to 4.0% from 2.5% the previous month, with three-year expectations rising to 3.0%. This is well above the ECB's 2% target. The central bank's Bank Lending Survey also indicates that lenders have tightened loan approval criteria more than expected, reflecting concerns over economic uncertainty. Despite these challenges, the ECB is expected to keep interest rates on hold at its upcoming meeting, with potential rate hikes being considered for June.
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German inflation accelerates to 2.9% in April as energy costs soar

German inflation accelerates to 2.9% in April as energy costs soar

By Maria Martinez BERLIN, April 29 (Reuters) - German inflation picked up in April due to surging energy prices fuelled by the war in Iran, data showed on Wednesday, though a drop in core inflation showed cost pressures had yet to spread across the broader economy.
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Euro zone business lending picks up even as Iran war hits sentiment

Euro zone business lending picks up even as Iran war hits sentiment

FRANKFURT, April 29 (Reuters) - Bank lending to euro zone firms accelerated in March, even as the Iran war depressed economic sentiment, European Central Bank data showed on Wednesday, a hopeful sign that the real economy can maintain some resilience even during turbulent times.
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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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Euro zone consumers sharply lift inflation bets, ECB survey shows

Euro zone consumers sharply lift inflation bets, ECB survey shows

FRANKFURT, April 28 (Reuters) - Euro zone consumers sharply raised their inflation expectations in March, a key European Central Bank survey indicated in a worry for policymakers who fear that high energy costs could push up expectations and make rapid price growth self-perpetuating.
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ECB survey shows scant signs of second round inflation effects

ECB survey shows scant signs of second round inflation effects

FRANKFURT, April 27 (Reuters) - Euro zone firms expect inflation to surge in the near term on the war in Iran but longer-term bets remained steady and wage growth is actually seen moderating, the European Central Bank's Survey on the Access to Finance of Enterprises showed on Monday.