European Central Bank (ECB) news

The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.

Stocks drop after ECB and ahead of potentially hot CPI report, bitcoin stuck at $30k

US stocks declined as global bond yields rose after the ECB prepared markets for a rate hiking cycle and on growing nervousness that tomorrow’s CPI data will clearly show inflation isn’t near peaking. The outlook is darkening and that might be how the argument for the Fed to pause in September begins.

09-06-2022 14:31 GMT by Edward Moya

ECB hints at super-sized hikes

European stocks are tumbling on Thursday as the ECB laid the groundwork for multiple rate hikes over the coming months. In keeping with President Lagarde's blog post a few weeks ago, the statement that accompanied the initial decision was very clear and specific as to the actions it intends to take over the next few months and beyond. What's more, Lagarde was very clear in what it would take for the ECB to join the 50 basis point club in September.

09-06-2022 11:34 GMT by Craig Erlam