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.

EUR/GBP - ECB delivers dovish final rate hike of the tightening cycle

ECB raises rates another 25 basis points but signals it may be the last New forecasts show stubborn inflation but weak growth Close above 55/89-day SMA band suggests breakout still valid The ECB raised interest rates again today, probably for the last time in the tightening cycle although it did leave itself some flexibility on that front. This certainly falls into the dovish hike category, with the ECB acknowledging inflation remains too high but also that growth is suffering.

14-09-2023 13:12 GMT by Craig Erlam

EUR/USD: ECB Hikes and euro falls as stagflation risks grow; Dollar strength extends after US retail sales data

Euro falls to the lowest levels since May after ECB hikes rates and delivers an abysmal growth forecasts, while upgrading 2023 and 2024 inflation outlooks Post ECB decision - October 26th ECB rate hike odds hover around 35.4% US retail sales remained strong on back-to-school spending and despite the extra energy costs at the pump The euro initially spiked after the ECB raised rates, but quickly tumbled after traders digested the ECB forecasts that suggest stagflation might be here

14-09-2023 09:14 GMT by Edward Moya