Friday

29th Mar 2024

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ECB holds rates

The European Central Bank on Thursday left its key interest rate unchanged at 0.15 percent. The decision was expected as the Frankfurt-based bank cut them in June, and put its rate on bank overnight deposits at -0.10 percent.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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