Alexander Weber

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

The European Central Bank lowered interest rates for the eighth time in a year after inflation dipped beneath 2% and the economy suffered repeated blows from US tariffs. The deposit rate was cut by a quarter-point to 2% — as predicted by all analysts in a Bloomberg survey. The ECB reiterated that it’s not pre-committing to a particular path for borrowing costs. “Inflation is currently at around the Governing Council’s 2% medium-term target,” it said in a statement.

2 months 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.

2 months 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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