Alexander Weber

2 weeks ago | news.bloomberglaw.com | Alexander Weber |Jana Randow |Nicholas Comfort |Mark Schroers

Several top European Central Bank officials are seeking to narrow the remit of its powerful banking supervision arm to reduce red tape for the bloc’s lenders, according to people familiar with the matter. The officials are urging a newly formed ECB task force to look into changes to criteria that determine if a bank is “significant” and merits supervision from Frankfurt, rather than by national authorities, said the people. They asked to remain anonymous as the matter is private.

3 weeks ago | news.bloomberglaw.com | Alexander Weber |Jana Randow |Mark Schroers

The European Central Bank lowered interest rates for the seventh time since last June as global trade tensions threaten to derail the region’s economic recovery. The deposit rate was decreased by a quarter-point to 2.25%, as predicted by almost all analysts polled by Bloomberg. Officials dropped the word “restrictive” from their statement in relation to the monetary-policy stance but stressed the headwinds Europe faces.

Dec 3, 2024 | bnnbloomberg.ca | Aaron Eglitis |Alexander Weber

(Bloomberg) -- The European Central Bank’s data-dependent and gradual approach to setting monetary policy remains appropriate, Governing Council member Martins Kazaks says in presentation for online event. “If downside risks were to materialize, data dependency allows to act in faster to avoid settling into ‘bad’ equilibria,” the Latvian central-bank chief says.

Nov 29, 2024 | msn.com | William Horobin |Alexander Weber |Alice Gledhill

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Nov 29, 2024 | independent.ie | William Horobin |Alexander Weber |Alice Gledhill

Rate cut in December seen as all but guaranteed Euro-area inflation climbed above the European Central Bank's 2oc target, though officials are unlikely to be deterred from continuing to lower interest rates next month and beyond. Consumer prices rose 2.3pc from a year ago in November, up from 2pc in October and matching the median estimate in a Bloomberg survey of analysts.