European Central Bank’s annual loss hits record €7.9bn
The European Central Bank’s loss ballooned to a record €7.9bn last year, as its interest rate payments on its own financial liabilities rose as a result of its decision to increase borrowing costs. The loss for 2024 reflects the impact of higher interest rates,
"In 2023, the full release of the provision for financial risks of €6,620 million reduced the loss for that year to €1,266 ...
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates. By Eshe Nelson Reporting from London The ...
A 50-basis-point reduction was not on the table for the European Central Bank's Governing Council when making its latest interest rate decision, ECB President Christine Lagarde said Thursday ...
The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, lowered its benchmark rate by a quarter percentage point to 2.75% on Jan. 30. Eurozone ...
And so on. This is precisely the deflationary spiral that the European Central Bank wanted to avoid with negative interest rates, which not only affect banks borrowing from the ECB, but also ...
European Central Bank policy-makers lined up behind further interest rate cuts on Wednesday, indicating that next week’s reduction is all but a done deal and further moves will also come ...
FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback