Category: European Central Bank

Governing Council meeting, ECB. 11th April 2024 ECB in no hurry to reduce the cost of borrowing At its third meeting of 2024, as widely expected, the ECB’s Governing Council kept its key interest rates unchanged. Consumer price inflation continues to decline across the single currency zone, with prices rising by 2.4% in the year … Continue reading ECB Governing Council 11/04/2024

Governing Council meeting, ECB. 7th March 2024 ECB keeps rates unchanged once again At its second meeting of 2024, the ECB’s Governing Council kept its key interest rates unchanged. At a press release following the meeting, the Governing Council repeated its assessment that the main refinancing operations rate is likely to stay at its 22-year … Continue reading ECB Governing Council 07/03/2024

Governing Council meeting, ECB. 25th January 2024 ECB keeps rates unchanged again At its first meeting of the New Year, the ECB’s Governing Council kept its key interest rates unchanged. An uptick in overall inflation from 2.4% in the year to November to 2.9% in December resulted in the Governing Council stressing that the main … Continue reading ECB Governing Council 25/01/2024

Governing Council meeting, ECB 14/12/2023 ECB keeps rates unchanged again As widely predicted, the ECB’s Governing Council kept its key interest rates unchanged at its meeting on 14th December, insisting it would keep borrowing costs at “sufficiently restrictive levels for as long as necessary”. However, after ten back-to-back increases in the cost of borrowing in … Continue reading ECB Governing Council 14/12/2023

Governing Council meeting, ECB 26/10/2023 Governing Council meeting, ECB. 26th October 2023  ECB keeps rates unchanged after 10 consecutive hikes As widely predicted, the ECB’s Governing Council kept its key interest rates unchanged at its meeting on 26th October. This follows on from ten back-to-back increases in the cost of borrowing in the space of … Continue reading ECB Governing Council 26/10/2023

Governing Council meeting, ECB 14/09/2023 Governing Council meeting, ECB. 14th September 2023 ECB raises rates by a further 0.25% The ECB’s Governing Council raised all three of its key interest rates by a further 0.25% at its meeting on 14th September in what can be described as a dovish hike. This is the tenth back-to-back … Continue reading ECB Governing Council 14/09/2023

Governing Council meeting, ECB 27/07/2023 Governing Council meeting, ECB. 27th July 2023 ECB raises rates by a further 0.25% The ECB’s Governing Council raised all three of its key interest rates by a further 0.25% at its meeting on 27th July, as widely expected. This is the ninth back-to-back increase in the cost of borrowing … Continue reading ECB Governing Council 27/07/2023

Governing Council meeting, ECB 15/6/2023 Governing Council meeting, ECB. 15th June 2023 ECB raises rates by a further 0.25% Emphasising that inflation had remained “too high for too long”, the ECB’s Governing Council raised all three of its key interest rates by a further 0.25% at its meeting on 15th June. Prices rose by 6.1% … Continue reading ECB Governing Council 15/6/2023

Governing Council meeting, ECB 4/5/2023 Governing Council meeting, ECB. 4th May 2023 ECB raises rates by a further 0.25% The ECB’s Governing Council raised all three of its key interest rates by a further 0.25% at its meeting on 4th May. The press release accompanying the announcement reiterated the ECB’s commitment to bring inflation down … Continue reading ECB Governing Council 4/5/2023

Governing Council meeting, ECB 16/3/2023 Governing Council meeting, ECB. 16th March 2023 ECB raises rates by a further 0.5% in spite of banking sector worries      The ECB’s Governing Council raised all three of its key interest rates by a further 0.5% at its meeting on 16th March. Since July 2022, the cost of borrowing … Continue reading ECB Governing Council 16/3/2023