🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more

This week, central banks will decide what to do (or not do) with interest rates

Dec 11, 2023
The Federal Reserve and others will update monetary policy, balancing inflation with the recession risk. Investors hope for rate cuts.
The European Central Bank is one of several economic policymaking agencies around the world that will meet to update their monetary strategies.
Kirill Kudryavtsev/AFP via Getty Images

European Central Bank makes unprecedented rate hike to fight inflation

Sep 8, 2022
It's raised its benchmark deposit rate by 0.75% — to 0.75% — and may raise further. But Europe is also facing recession worries.
Daniel Roland/AFP via Getty Images

Is the eurozone heading for another debt crisis?

Jul 20, 2022
As borrowing costs rise across the 19 nations that use the euro, worries about the currency bloc's stability grow.
The European Central Bank plans to tighten interest rates to battle inflation, but that could burden Europe's weaker economies.
Daniel Roland/AFP via Getty Images

European Central Bank announces plans to raise its key interest rate

Jun 9, 2022
It'll also end its large-scale bond-buying program. Central bankers are trying to tame inflation — like their U.S. counterparts at the Federal Reserve.
The European Central Bank said Thursday it plans to start raising its key interest rate next month.
Daniel Roland/AFP via Getty Images

European Central Bank likely to end its negative interest rate experiment

May 23, 2022
Until the ECB became the first major central bank to try it, making interest rates negative seemed like defying economic gravity.
When the European Central Bank first pushed negative interest rates in 2014, it helped push the value of the euro lower and make European goods more attractive to foreign buyers.
Daniel Roland/AFP via Getty Images

Mario Draghi's defining moment

Oct 30, 2019
The departing head of the European Central Bank vowed in 2012 to "do whatever it takes" to save the euro.
The President of the European Central Bank Mario Draghi addresses the European Parliament in Brussels, on December 1, 2011.
Thierry Charlier/AFP/Getty Images

Where the European Central Bank and the Fed differ

Oct 24, 2019
To begin with, the mandates for both are different.
A huge Euro logo is seen in front of the headquarters of the European Central Bank in Frankfurt, Germany.
Ralph Orlowski/Getty Images

For public good, not for profit.

Europe takes key interest rate further below zero

Dec 3, 2015
The European Central Bank has cut its main target interest rate to 0.3 percent.

People of Athens remain calm during debt crisis

Jul 8, 2015
The government gives cash-strapped citizens a free ride on subways.

What’s QE and the ECB got to do with you and me?

Jan 22, 2015
How "quantitative easing" and "European Central Bank" may bring cash to U.S. shores.