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/USD edges lower, ECB expected to raise rates

ECB expected to raise rates by 25 bp Federal Reserve hikes rates by 25 bp Powell signals a pause in June EUR/USD is trading quietly on Thursday, ahead of the ECB decision later today. ECB expected to hike, but by how much? All eyes are the ECB, which is expected to raise rates at today's meeting. The burning question remains will the central bank increase rates by 25 or 50 basis points?

04-05-2023 06:14 GMT by Kenneth Fisher

Investors cautious ahead of the Fed and ECB later in the week

Investors appear to be treading carefully ahead of some key interest rate announcements this week, most notably the Fed on Wednesday but also the ECB one day later. Eurozone inflation data for April didn't throw up any nasty surprises a couple of days before the central bank makes its decision, rising slightly to 7% as expected, while core stayed stubbornly high at 5.6%. A 25 basis point rate hike is now heavily backed with one or two more to come over the following months.

02-05-2023 09:11 GMT by Craig Erlam