News

ECB economists improve GDP forecasting with ChatGPT
A ChatGPT analysis of qualitative commentary in PMI releases can significantly improve GDP forecasting, a paper published by ...
ECB to cut rates once more in September as economists say inflation risks balanced: Reuters poll
The European Central Bank will conclude a year-long interest rate-cutting campaign with one more move in September, according ...
ECB’s Challenge Is to Ensure Short-Term Price Shifts Don’t Become Long-Lasting, Says Lane
Policymakers have to make sure the medium-term inflation target is protected in a volatile environment, the ECB’s chief ...
ECB’s Lane Says Disinflation Process Is ‘Largely Completed’
European Central Bank Chief Economist Philip Lane said the process of bringing inflation back to 2% is almost over, despite ...
Italy’s Monte dei Paschi says ECB has approved Mediobanca takeover
Integration plan due within six months of deal will detail funding strategies as well as IT and cyber security risks ...
Monte dei Paschi says ECB cleared Mediobanca acquisition
Monte dei Paschi di Siena said on Wednesday the European Central Bank had approved its proposed acquisition of rival ...
Powell says Fed rate cut is on hold even as Trump demands cuts
The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest ...
ECB could still cut rates despite oil market volatility, top policymaker says
French central bank governor says further easing remains possible as underlying inflation outlook remains unchanged ...
EUR/USD trades around 1.1700, maintains position near four-year highs
EUR/USD extends its winning streak that began on June 18, trading around 1.1700 during the Asian hours on Friday. The EUR/USD ...
Saudi Arabia’s Ambitious T20 League Faces Stiff Resistance from BCCI and ECB
Saudi Arabia’s plan to launch a high profile global T20 cricket league has hit a major roadblock, with the Board of Control for Cricket in India (BCCI) and the ...
Brussels set to disregard ECB warnings over stablecoin rules, FT reports
The European Union's executive arm is planning to issue formal guidance proposing that stablecoins issued outside the bloc ...
Summer fun for ECB policymakers as oil prices fall, euro strengthens
European Central Bank policymakers leaning toward delivering more rate cuts are seeing their summer off to a great start. "The upside risk from oil prices has evaporated and \[the euro\] has climbed ...