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.

Week Ahead - A huge week for BoE, SNB to keep hiking, CBRT a wildcard

US It will be a quiet Monday as Wall Street observes Juneteenth. A week filled with economic releases will probably see the most attention go towards Fed speak. After the Fed’s hawkish skip, Wall Street wants to know if they can become convinced that we could see two more rate hikes.

16-06-2023 15:30 GMT by Craig Erlam

EUR/USD surges after ECB rate hike

ECB raises rates by 25-basis points EUR settles down after soaring over 1% on Thursday EUR/USD is trading at 1.0948 in Europe, almost unchanged on the day. On Thursday, the euro surged 1.05% in the aftermath of the ECB rate hike. ECB hikes and signals more rate increases coming The ECB raised rates by 25 basis points on Thursday, bringing the benchmark rate to 3.50%, the highest level since 2001.

16-06-2023 09:08 GMT by Kenneth Fisher