The ECB began raising borrowing costs at an unprecedented rate in July 2022 as Russia's war in Ukraine pushed up energy and food costs. The central bank's benchmark deposit rate topped out at four ...

Interest rate hikes are a tool used by central banks to ... and services and can eventually lower prices. At one point, the ECB's interest rate was at a record high 4% as inflation soared.

The European Central Bank is cutting interest rates by a quarter percentage point, lowering credit costs for consumers and ...

While the monetary policy is becoming "meaningfully less restrictive," the central bank noted that lending in the euro area remains subdued due to the past rate hikes. The ECB calls on euro area ...

[FRANKFURT] The European Central Bank’s (ECB) indicator of future pay growth continued to signal a sharp slowdown in 2025, backing a further retreat in inflation that may allow more interest-rate cuts ...

The ECB reduced its deposit rate to 2.5% from 2.75%, taking rates to the lowest level in two years. The decision marked a sixth consecutive rate cut by the central bank, which sets monetary policy ...

Deposit rate cut to 2.5% as expected Says rates meaningfully less restrictive Cuts economic growth outlook, raises 2025 inflation ECB Rate Decision Live FRANKFURT, March 6 (Reuters) - The European ...

On Friday, February 28, German economic data, particularly inflation figures, tested expectations for multiple ECB rate cuts. Retail sales rose 0.2% month-on-month in January after sliding by 0.9% ...

The European Central Bank’s (ECB) rate cut followed the market shift, but the key driver was Germany’s decision to loosen fiscal constraints and inject stimulus into the economy. While traders ...

The lending, however, "remains subdued overall," said the ECB, citing the effects of past interest rate hikes. The current cycle of rate cuts marks a rewinding of the aggressive rate hikes in ...

(Reuters) - Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy ...

But it’s unclear whether the hikes will be strong enough to spur consumer spending and encourage the Bank of Japan to increase its policy rate, still at a low 0.5 per cent, more aggressively.