The European Central Bank doesn’t have a role in helping governments finance more defense spending and will stick to its mission of price stability, President Christine Lagarde said.
Key U.S. jobs data, a likely interest-rate cut by the ECB and China’s annual National People’s Congress will all attract attention during the week.
The European Central Bank said late on Thursday it had fixed an unprecedented outage in its payment system which had left transactions likely worth trillions of euros from companies, consumers and investors up in the air for most of the day.
The European Central Bank’s securities settlement system is working again after a communications shutdown earlier on Thursday due to a hardware failure.
Monetary authorities should stick to their core mandate, according to a senior European Central Bank rate setter, after the Fed withdrew from a green financial network.
Asian stocks rose on Thursday as investors held out hope that trade tensions could ease after U.S. President Donald Trumpexempted some automakers from tariffs for a month, while the euro stood tall ahead of the European Central Bank's meeting.
Nation-State Bitcoin Reserves 'Risky Idea' European Central Bank adviser Jürgen Schaaf has reiterated the bank's negative stance on Bitcoin, stating that nation-state Bitcoin reserves are "risky" due to extreme volatility and susceptibility to manipulation.
Germany, ECB and Fiscal Push
· 3d
Goldman Sees Faster German Growth on Fiscal Push, Fewer ECB Cuts
Euro Boosted by ECB, German Fiscal Plans
The ECB’s more cautious stance on rate cuts combined with Germany’s plans to increase fiscal spending provide a boost to the euro, Pepperstone said.
· 1d · on MSN
For markets, German fiscal splurge blurs ECB outlook
Euro zone inflation was heading back to target but there were still some worries about it, warranting caution in signalling further policy easing, the European Central Bank concluded last month, according to the accounts of its January 29-30 meeting.
The European Central Bank is trialling a fast-track approval process for certain SRT deals in the first half of this year, which it said in a statement last week was a “good example of how processes can be simplified within the existing regulatory framework”.
President of European Central Bank Christine Lagarde attends the G20 Finance Ministers and Central Bank Governors meeting in Cape Town, South Africa, Wednesday, Feb. 26, 2025. (AP Photo/Nardus Engelbr
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