central bank

Economy

Fed Governor Lisa Cook sues Trump over move to fire her

The case could become a turning point for the 112-year-old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence.

29/08/2025

Economy

Trump removes Fed Governor Lisa Cook over mortgage fraud dispute

Last week, Cook emphasised she wouldn't leave her post after the US president called for her resignation on social media, linked to an accusation from one of his officials that she committed mortgage fraud.

26/08/2025

Economy

ECB hits pause button: Here’s why Lagarde isn’t rushing things

The European Central Bank kept rates unchanged as inflation hit its 2% target. Lagarde urged patience, citing global risks and reaffirming a data-driven approach.

24/07/2025

Economy

Swiss central bank cuts interest rate to zero to fight deflation

The step was widely anticipated but fuels concerns over a potential return to negative rates.

19/06/2025

Netherlands

Dutch citizens advised to keep cash on hand in case of emergency

People should keep €70 per adult and €30 per child in cash in case electronic payments systems go down, said the Netherlands' central bank.

21/05/2025

Economy

Donald Trump says he has 'no intention of firing' the US Fed chair

The US President confirmed that he has no plans to fire the Chairman of the Federal Reserve Jerome Powell. It follows his previous statement about wishing to terminate Powell's mandate, which caused market turmoil.

23/04/2025

EuroVerify

Is Spain banning the use of €50 notes?

The claims seem to feed into a general narrative of misinformation that European countries are trying to eliminate cash.

14/04/2025

Economy

To cut or not to cut? US Fed faces stubborn inflation and weak growth

Faced with persistent inflation and a slowing economy, the Federal Reserve finds itself in a tight spot ahead of its interest rate decision this week.

17/03/2025

Economy

Turkey cuts interest rate to 42.5% after inflation hits two-year low

Turkey’s central bank lowered its key interest rate by 2.5 percentage points on Thursday, its third consecutive cut, reacting to a slowdown in inflation in the country.

06/03/2025

Money

Should European banks consider holding crypto in their reserves?

The Czech National Bank (CNB) is the first in Europe to examine whether to add cryptocurrency to its reserve assets. Will other countries follow suit?

17/02/2025

Radio Schuman

The first weeks of Trump in power, seen from Brussels

Brussels and the EU have long feared Trump’s tariff threats, but now, shock is setting in as he and Elon Musk push to dismantle US agencies and shrink the federal government.

10/02/2025

Russia

Russian central bank holds interest rate at 21%

The decision has brought criticism from influential business figures, who say high rates are hindering business activity and preventing growth.

20/12/2024

Economy

European Central Bank delivers final rate cut of the year

The ECB started cutting the main interest rates in June 2024, to boost the Eurozone's lagging economy, through lower rates to encourage borrowing, spending and investment.

12/12/2024

Economy

ECB set to trim interest rates again: What's next and why it matters

The ECB is set to cut rates by 25 basis points to 3%, with further easing expected into 2025. Lower rates may provide a much-needed boost to borrowing, domestic consumption, and exports via a weaker euro, but geopolitical risks costs may limit the benefits.

11/12/2024

Economy

French central bank expects zero growth in fourth quarter

The bank's monthly survey shows a rising uncertainty among businesses in Europe's second-biggest economy.

11/12/2024

Economy

Russian central bank hikes interest rate to record-high 21%

Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.

25/10/2024

Economy

Czech central bank cuts rates with more reductions expected

The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB.

25/09/2024

Economy

Hungary cuts key interest rate, buoyed by US Fed Reserve decision

Policymakers have reduced borrowing costs after a pause in August, although the base rate in Hungary is still the joint highest figure in the EU.

24/09/2024

Economy

Norway holds its benchmark interest rate at 16-year high of 4.5%

Why is one of Europe’s best-performing economies not following in the ECB’s footsteps?

19/09/2024

Economy

Ireland needs 'tens of thousands' more homes to keep up with demand

Ireland's central bank says the housing market is struggling from a decade of under-supply and needs tens of thousands more homes to be built annually.

19/09/2024