Central Banks Maintain Rates Amid Inflation Concerns: Are Rate Cuts Still Far Off?

2023-09-22 17:01:57 Have central banks finished raising rates to stem inflation? Uncertainty remains but monetary institutions agree to postpone the prospect of the first cuts until the distant future. The American Federal Reserve (Fed) has thus this week, as hoped by the markets, maintained its rates at their current level (range of 5.25 to 5.5%). … Read more

Strategies for Achieving Price Stability in the European Economy: Insights from Christine Lagarde

2023-07-30 16:00:08 “Our objective is to bring down inflation and as an imperative mandate price stability in the medium term,” says Christine Lagarde. SEBASTIEN SORIANO/Le Figaro EXCLUSIVE INTERVIEW – For the President of the European Central Bank, even if the rise in prices calms down, interest rates will have to remain high for a long … Read more

Stress Test Results: Eurozone Banks Show Solidity Amidst Global Recession Concerns

2023-07-28 16:41:03 The solidity of the banks of the Old Continent has several explanations. Adobe Stock Institutions in France finished in last place in the test conducted by the European Banking Authority. What would happen to European banks if geopolitical tensions escalated and caused a severe global recession? This is the question to be answered … Read more

raises rates by 25 basis points

2023-07-27 17:12:49 The European Central Bank announced a new rate decision Thursday. Daniel Roland | AFP | Getty Images The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%. The latest move completes a full year of consecutive rate hikes in the euro … Read more

Central banks monetary policy decision are diverging

2023-06-19 13:03:15 Dollar, yuan, yen and euro notes. Ullstein picture German | Ullstein Image | Getty Images From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week struck very different tones on monetary policy. The European Central Bank on Thursday hiked rates and surprised markets with a worsening inflation … Read more

Euro zone enters recession after Germany, Ireland growth revision

2023-06-08 13:25:48 The German economy entered a recession in the first quarter. Bloomberg | Bloomberg | Getty Images The euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the coming months. The 20-member bloc reported gross domestic product of -0.1% for the first quarter, according to … Read more

IMF warns of ‘disorderly’ house price corrections in Europe amid high rates

2023-04-28 08:58:16 A pedestrian inspects advertisements for residential properties for sale in Stockholm, Sweden. Bloomberg | Bloomberg | Getty Images STOCKHOLM, Sweden — The International Monetary Fund warned Friday of “disorderly” house price corrections in Europe, at a time when the region is struggling to bring down inflation. In its latest regional economic outlook for … Read more

UBS acquires its rival, Credit Suisse, to avert a global banking crisis

Switzerland’s largest bank, UBS, acquired its rivalCredit SuisseThe crisis, after arduous negotiations, while the government announced the provision of major guarantees, hoping to avoidacute crisisAnd restore the “confidence” of investors all over the world. From the US Treasury to the European Central Bank, many quarters were quick to welcome the move, fearing new turmoil in … Read more