ECB raises rates for first time since 2023
From June 17, the deposit facility rate rises to 2.25 per cent, the main refinancing rate to 2.40 per cent and the marginal lending rate to 2.65 per cent.
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Swiss bank creates stir by charging customers 3 per cent negative interest
Swiss bank Postfinance has shocked investors with news of a 3 per cent negative annual interest rate on certain types of deposits.
ECB cuts rates even as inflation fight goes on
The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing progress in tackling inflation even as it acknowledged the fight…
No shift, Sherlock? Well, ECB hints of summer interest-rate cuts as Eastern Europe wields axe
It could be a sunnier summer for the Eurozone after the European Central Bank (ECB) hinted it might finally cut high interest rates that have enriched banks but…
Eurozone core inflation hits 1-year low, backing ECB pause
Euro-area core inflation eased to its slowest pace in a year, supporting expectations that the European Central Bank will keep interest rates on hold to gauge the…
ECB hikes interest rates in 10th salvo to quash inflation
The European Central Bank raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone’s increasingly feeble economy.
Russia’s central bank sharply hikes interest rates as ruble tanks
With the value of the Russian ruble in steep decline, its central bank is trying to stop the bleeding away of its value by increasing interest rates by 3.5 per cent.