Friday

29th Mar 2024

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ECB keeps interest rate at 0.75 percent

The European Central Bank on Thursday decided to keep its key interest rate at 0.75%, its chief Mario Draghi said in a press conference. He said inflation will remain above 2% until the end of the year, but will be "transitory" and may decrease next year.

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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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