Friday

29th Mar 2024

Ticker

No boost for eurozone growth yet: ECB

Eurozone interest rates were likely to go up in autumn next year in line with market expectations, European Central Bank chief Mario Draghi said in Frankfurt on Thursday. The measure, designed to counter a recent slow down in growth, was not needed yet, he said, despite concern that an EU-US trade war could destabilise the situation. "Clearly a trade war ... would create an entirely different climate," Draghi said.

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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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