Joachim Nagel, Germany’s central bank governor and ECB member, shares his latest thoughts on inflation and the possibility of rate hikes in the euro zone. Bloomberg | Bloomberg | Getty Images The ECB will soon hike rates for the first time in more than a decade, a member of the central bank’s governing council told CNBC Friday. The ECB has …

Deutsche Bank reported Wednesday its seventh consecutive quarterly profit, but warned that the current environment is “challenging” and “cost pressures have intensified.” The German lender said net profit reached 1.06 billion euros ($1.13 billion) in the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv. “Deutsche …

Christine Lagarde, President of the European Central Bank. Daniel Roland | Afp | Getty Images The cost of living hit another record high in the euro zone last month, raising further questions about how the European Central Bank can stabilize such rapidly rising consumer prices. Headline inflation came in at 7.5% for March on an annual basis, according to preliminary …

A man works at the Amur Gas Processing Plant in Russia. Measuring 800ha in area, it has an estimated annual capacity of 42bln cbm of natural gas. Yuri Smityuk | TASS | Getty Images The European Commission on Thursday raised its inflation expectations for this year, but is still expecting prices to move below the European Central Bank‘s target of …

Italian Special Air Force aerobatic unit spreads smoke with the colours of the Italian flag over the city of Rome. AB Pool – Corbis | Corbis News | Getty Images An eventual result in Italy’s presidential elections may have averted political instability for now, but market watchers are wary over the economic and political future of Europe’s third-largest economy. The …

Inflation in the euro area is unlikely to surge to levels seen in the U.S., European Central Bank President Christine Lagarde said on Friday. The euro zone’s inflation levels have raised questions about the ECB’s monetary policy, with the central bank behind its British and American counterparts when it comes to its normalization path. Euro zone inflation hit a new …

Women wearing protective face masks pose for a picture in front of the Eiffel Tower. Chesnot | Getty Images News | Getty Images Euro zone inflation hit a new record high in December, raising more questions about the European Central Bank‘s monetary policy. Preliminary data showed Friday that the headline inflation rate came in at 5% for the month, compared to …

Christine Lagarde (R), President of the European Central Bank (ECB), and Vicepresident Luis de Guindos (L) Thomas Lohnes | Getty Images News | Getty Images Federal Reserve Chairman Jerome Powell surprised market players earlier this week when tweaking his tone about inflation. Now, economists in Europe say the European Central Bank needs to do the same. Powell told U.S. lawmakers …

Bond yields dip, but that’s not enough to boost U.S. futures—crypto wobbles | Fortune You need to enable JavaScript to view this site. Source link

Paolo Gentiloni, European commissioner for the economy, speaking at Forum The European House – Ambrosetti in September, 2020. Michael Green | CNBC BRUSSELS — New variants of the coronavirus could still derail the growth rebound seen in Europe, according to the EU’s economics chief, as the region deals with another surge in infections. Paolo Gentiloni, the EU’s commissioner for economics …