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ECB raises interest rates as Iran war fuels inflation fears

The European Central Bank increased interest rates again this year. This action aims to control inflation fueled by energy prices and conflict. The bank now forecasts inflation remaining above its target for some time. Economic growth projections were also adjusted upwards by the central bank. Markets anticipate further rate hikes…

The Economic Times · Sep 10

ECB hikes rates to 2.5% as energy shock pushes eurozone inflation higher

The European Central Bank has raised interest rates by a quarter point, lifting its deposit rate to 2.5%, as the energy shock driven by the Iran war pushes eurozone inflation higher and forces a second hike in three months.

Euronews · Sep 10

European Central Bank raises interest rates a quarter point to quell energy-fueled inflation

The European Central Bank is raising interest rates to cool inflation that is being fed by high oil prices from the Iran war

The Independent UK · Sep 10

Another Aussie lands key job in English cricket rebuild

Former Australia batter and coach Leah Poulton has been appointed managing director of England Women's cricket.

AAP · Sep 9

Dollar Slips Before the Treasury’s Buyback Operation

The dollar index (DXY00 ) dropped to a 2.5-week low today and is down by -0.15%. The dollar is under pressure today ahead of an announcement from the US Treasury on the size of Thursday’s buyback of long-term US Treasuries, a bearish factor for the dollar. Also, strength in the...

Barchart · Sep 9

A European Central Bank rate hike is all but certain, the reasoning less so

The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.

Euronews · Sep 9

Exclusive: Italy proposes no fees for digital euro payments under €10

Italy suggests exempting smaller merchant fees for payments under €10, a measure backed by the central banking community, as final talks take place in Brussels over the rollout of the digital euro.

Euronews · Sep 8

Global Market: Eurozone bond yields hold near multi-year highs as markets await ECB decision

Eurozone bond yields remained near multi-year highs as investors assessed rising energy costs, German political uncertainty and Japan’s market volatility ahead of Thursday’s ECB meeting. Germany’s 10-year yield hovered around 3.38%, near a 15-year peak. Higher oil and gas prices could fuel inflation, complicating expectations for the ECB’s future policy…

The Economic Times · Sep 8

County cricket: title race hots up while Leicestershire charged by ECB – as it happened

Somerset, Warwickshire and Nottinghamshire had good days as the leading Division One contenders push for glory

The Guardian - UK · Sep 8

European shares subdued as surging crude sharpens focus on ECB rate path

European shares closed largely flat as higher oil prices and renewed US-Iran tensions raised inflation concerns, offsetting stronger euro zone economic data. Energy stocks gained, while Novartis fell after its cholesterol drug failed a key study. Investors also raised bets on further ECB rate hikes, including a possible December move.

The Economic Times · Sep 7