Explore

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

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.

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.

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

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.

Bessent just ran into a problem he cannot talk down

Bessent just ran into a problem he cannot talk down

Talk is the cheapest instrument in finance, and for the better part of two decades it was also the most effective. Officials learned that a well-placed sentence could do the work of an entire policy program. Say the right thing in the right room, and borrowing costs came down before anyone signed a ...

Morning Bid: Can markets handle more strait talk?

Morning Bid: Can markets handle more strait talk?

A look at the day ahead in European and global markets from Ankur Banerjee After five months of tracking events in the Strait of Hormuz, investors are looking across the Arabian Peninsula as Iranian-aligned Houthis, who control areas near the Bab el-Mandeb strait in the Red Sea, open a new front in

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.

Trading Day: $100 oil looms

Trading Day: $100 oil looms

By Jamie McGeever ORLANDO, Florida, July 22 (Reuters) - The Nasdaq fell on Wednesday, dragged down by software stocks ahead of some major tech earnings reports, while deepening conflict in the Middle East pushed oil prices sharply higher again and Brent crude closer to the $100 a barrel mark.

South Africa keeps key rate on hold despite inflation hitting two-year high

South Africa keeps key rate on hold despite inflation hitting two-year high

By Kopano Gumbi and Anathi Madubela PRETORIA, July 23 (Reuters) - South Africa's central bank kept its main lending rate unchanged on Thursday, surprising investors and economists who had predicted another rate hike after inflation surged to its highest in two years last month.

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.

Fed to hold rates this year despite high inflation, but economists cite high chances of a hike: Reuters poll

Fed to hold rates this year despite high inflation, but economists cite high chances of a hike: Reuters poll

By Indradip Ghosh BENGALURU, July 21 (Reuters) - The Federal Reserve will keep its key interest rate steady for the rest of 2026 to tackle a five-year-long inflation problem, according to the median forecasts of economists in a Reuters poll.