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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.
Until this summer, the ECB had been in the thick of an eight-year experiment with negative interest rates.
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

How far will the European Central Bank go to curb inflation?

Jul 20, 2022
Like the U.S., Europe is also trying to cope with surging inflation. But so far, the ECB has avoided hiking interest rates as a way to deal with it. That looks like it's about to change.
The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany, on June 15, 2022.
Photo by DANIEL ROLAND/AFP via Getty Images

Inflation's a global problem. Curbing it may send some countries' economies into recession.

Jun 16, 2022
The U.S. economy might have an easier time achieving a "soft landing" than economies in Europe and elsewhere.
Europe has not yet reached pre-pandemic employment or output levels, and the ECB has signaled an interest rate hike next month. Above, the European Central Bank headquarters in Frankfurt, Germany.
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

Top central bankers: Economy needs help despite vaccine news

Nov 13, 2020
U.S. Federal Reserve Chair Jerome Powell said Congress “may need to do more” to cushion the blow from the pandemic.
Chairman of the Federal Reserve Jerome Powell testifies during the Senate's Committee on Banking, Housing and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Sept. 24, 2020, in Washington.
Drew Angerer/Pool/AFP via Getty Images

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How Europe can support its economy as the COVID-19 outbreak grows

Mar 11, 2020
President Christine Lagarde has said the ECB is "ready to take appropriate and targeted measures" to address the crisis.
The European Central Bank benchmark rate already sits at a record low of -0.5%.
Thomas Lohnes/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