Economy

Euroviews. In a recession, out of one, on the brink? Here’s where Europe stands

While the timing of the recession is difficult to predict, one thing that is for sure is that the downside potential to future economic growth of Europe is real, Osama Rizvi writes.

1 December 2023

Economy

Euro area inflation slowdown brings ECB's 2% target back into focus

Inflation in the euro area has taken a significant dip, reaching its lowest level in over two years. Euronews Business breaks down the latest figures.

30 November 2023

Economy

Rivers, birds, culture: ECB selects motifs for new euro banknotes

The EU's central bank is looking to shift from the windows and bridges that decorated the euro since its inception

30 November 2023

Business

'What's the point?' — EU lawmakers sink teeth into digital euro

The ECB says issuing digital money will help it keep pace with technology — but some MEPs are unconvinced if not downright hostile

29 November 2023

Economy

ECB threatens fines on banks failing to integrate climate risk

The European Central Bank will impose financial penalties on banks that take too long to address climate change risks in their business, a senior official has said.

14 November 2023

Economy

ECB: Eurozone inflation could rebound in next months

Inflation could pick up temporarily while eurozone economic growth will remain weak in the near term, said European Central Bank Vice President Luis de Guindos.

13 November 2023

Economy

Europe's central bank halts rate hikes for first time in over a year

The European Central Bank left its rates unchanged on Thursday, marking a pause in its restrictive monetary policy after 10 increases since July 2022.

26 October 2023

Markets

European markets lower ahead of key ECB rate decision

The market's cautious mood comes after a wave of quarterly earnings reports, as traders ponder the ECB's next monetary policy moves due on Thursday.

25 October 2023

Economy

Eurozone unemployment still at its lowest level in August, at 6.4%

Unemployment rates continue to decrease in countries that use the euro. For the European Union as a whole, the unemployment rate stood at 5.9% in August, the same as in May and June.

2 October 2023

Economy

German inflation falls to its lowest level since start of Ukraine war

The inflation rate in Germany is expected to be 4.5% in September 2023.

28 September 2023

Europe News

ECB interest rates to remain high for as long as needed - Lagarde

The President of the European Central Bank (ECB) Christine Lagarde signalled on Monday that borrowing costs may have reached their peak, but will remain high for as long as it takes to curb inflation.

25 September 2023

Economy

Eurozone inflation revised down to 5.2% in August

Despite the decrease, inflation still remains far above the European Central Bank's 2% objective.

19 September 2023

Economy

ECB hikes interest rates again, despite threat of recession

The decision raises the ECB’s benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999.

14 September 2023

Economy

ECB criticises Italy's bank windfall tax plan

The widespread application of the tax would particularly harm "credit institutions that have lower solvency positions or are more focused on lending activity ... or have challenging capital projections," according to the ECB.

13 September 2023

Economy

OECD urges EU to increase interest rates further

In its latest report, the Organisation for Economic Co-operation and Development says further reforms are needed to help the post-pandemic European economic recovery.

6 September 2023

Economy

The ECB’s rate-hike dilemma as eurozone business activity falls

As eurozone businesses face sharp declines in outputs and new orders, experts believe the European Central Bank (ECB) faces a complex challenge as it decides whether to continue its cycle of interest rate hikes in September.

24 August 2023

Business

European Central Bank hikes interest rates to highest level since 2000

Christine Lagarde warned that consumer prices are still rising too fast.

27 July 2023

Economy

IMF supports imposition of restrictive economic measures in the EU

In an interview with Euronews, the IMF's Managing Director says that more stringent measures could become the norm given the current economic situation in Europe.

19 June 2023

Europe News

European Central Bank celebrates its 25th anniversary

Hundreds were in attendance in Frankfurt to mark 25 years of the ECB. Today the euro is the world's second currency, used by almost 250 million Europeans in 20 countries.

24 May 2023

Economy

European Central Bank raises interest rates by quarter-point

The European Central Bank has slowed the pace of its interest rate increases, stepping back like the US Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation.

4 May 2023