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In Europe 24th July 2026

ECB keeps rates at 2.25% and warns of inflationary impact of energy shock yet to materialise

Reported by Consejeros Editorial Team The Governing Council of the European Central Bank has decided to keep interest rates unchanged, meaning that the deposit facility rate (DFR) will remain at 2.25 per cent, the main refinancing operations (MRO) rate at 2.40 per cent and the marginal lending facility (MLF) rate at 2.65 per cent, following the 25-basis-point rise already implemented at the institution’s previous meeting, according to Europa Press. “The…

In Europe, Relevant News Item 21st July 2026

A more relaxed ECB in the wake of the CPI figures

Intermoney Report Most central bank decisions in the coming week, including those of the European Central Bank, are likely to be limited to keeping interest rates unchanged. Lower inflation in the eurozone has reduced the urgency for a further rate rise by our central bank. In China, Chinese commercial banks appear set to keep preferential interest rates unchanged at least until the end of the third quarter. However, the Bank…

In Europe 1st June 2026

De Guindos ends term as ECB Vice-President, replaced by Croatian Boris Vujčić

Reported by Consejeros Editorial Team The Croatian economist Boris Vujčić, a central banker who advocates keeping inflation under control through higher interest rates, takes up the post of Vice-President of the European Central Bank (ECB), replacing Spain’s Luis de Guindos, for a non-renewable eight-year term. Almost three and a half years after the introduction of the euro in Croatia, Vujčić joins the ECB’s Executive Board at a time when the…

European economy 8th February 2024

According to ECB, consumers expect prices to rise by up to 3.2% in next 12 months, and 2.5% in next three years

Intermoney| The ECB released on Tuesday its December consumer inflation expectations, a figure that offered mixed signals, something that could be partly caused by the fact that it has almost doubled its monthly survey of the countries it surveys. The figures include responses from five more countries (Ireland, Greece, Austria, Portugal and Finland) in addition to the six that have been surveyed since the survey began in 2022. That means…

European economy 16th November 2023

Profit margins provide sufficient cushion for prices to rise less than wages; ECB to wait for wage deceleration before starting cuts

Morgan Stanley: Eurozone inflation is clearly on a downward trajectory. After October’s 2.9%Y in October, we expect inflation to be 2.4%Y in 2024 and 2.0%Y in 2025 and although the main risk is the pass-through of wage growth to prices we believe that profit margins provide a sufficient cushion to keep prices from rising as much as wages. However, inflation will continue to be exposed to gas price increases as…