EXCLUSIVE ECB ready to set up money exchange for Ukrainian refugees with EU guarantee
The European Central Bank is ready to organise a scheme for millions of Ukrainian refugees to exchange their hryvnia currency into euros if the EU gives the ECB a guarantee that would cover the bank’s risk, an ECB document showed.
Explainer: Europe braces for economic hit from Ukraine conflict
Russia’s invasion of Ukraine and how the world reacts could have wide-ranging repercussions for the European economy, from rising energy and food prices to economic sanctions that hit trade and investment.
EXCLUSIVE ECB must keep buying bonds to cushion Ukraine fallout, Stournaras says
The European Central Bank should continue its bond-buying stimulus programme at least until the end of the year and keep it open-ended to cushion the fallout from any conflict in Ukraine, ECB policymaker Yannis Stournaras told Reuters.
Inflation stations: Five questions for the ECB
Record euro area inflation rates mean price pressures will top the agenda for European Central Bank policymakers meeting on Thursday.
Euro zone inflation hits 5%, marking another record high
Euro zone inflation rose unexpectedly last month, likely making for more uncomfortable reading at the European Central Bank, which has consistently underestimated price pressures and come under fire for this from some of its own policymakers.
Germany’s incoming finance minister rings alarm bell on inflation
Germany’s incoming Finance Minister Christian Lindner on Tuesday vowed to champion solid public finances and a reduction of debt levels across the euro zone so that the European Central Bank (ECB) could fight inflation without hesitation if needed.
Marketmind: Melt up?
As confidence grows that the world’s biggest central banks are in no hurry for raising interest rates despite progress on the jobs and post-COVID reopening fronts, stock markets have powered to new record highs. A stronger S&P 500 close on Tuesday would see it notching its longest winning streak since 2004.
ECB’s Lane reveals in private meeting inflation target may be met by 2025 – report
European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank.
Marketmind: Pandeconomics part 2
Slowly but surely, global policymakers are entering a new phase of their economic response to the pandemic.
Marketmind: Transitory faith in transitory inflation
Say your economy is growing at about 5% annually, it just hit a 10-year inflation high of 3% read more amid labour shortages and enjoys negative yields on benchmark government bonds .
