European Central Bank

May 13, 2026 4:01 PM

ECB urges banks to quickly prepare for AI-assisted cyberattacks

European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic's Mythos AI model or similar tools. Elderson, who is vice chair of the ECB's bank supervision arm, said in an interview in ECB publication Supervision Newsletter that euro area banks' lack of access to Mythos added to the severity of the issue. "Lack of access is not an excuse for inaction. On the contrary, it makes it eve...

January 21, 2026 3:49 PM

ECB’s Lagarde says European economy needs ‘deep review’ to face new world order

The European economy needs a "deep review" to face "the dawn of a new international order", European Central Bank President Christine Lagarde told French radio RTL on Wednesday. Lagarde said she only expected a slight inflationary effect from U.S. tariffs, with a stronger impact on Germany than on France, but she added European countries would be much stronger if they scrapped non-tariff trade barriers within the bloc. "As we have inflation under control at 1.9%, the impact will be minimal. Wh...

October 10, 2025 8:50 PM

Zelenskiy says he discussed frozen Russian assets with ECB President Lagarde

Ukraine's President Volodymyr Zelenskiy said on Friday he had discussed "fair use" of frozen Russian assets with European Central Bank President Christine Lagarde. His comments come after a large overnight Russian air attack across Ukraine. "We discussed how to ensure the fair use of frozen Russian assets to protect against Russia’s war and to help rebuild life in Ukraine. There are solutions for how this can be done," Zelenskiy said, calling for more political will in Europe to do this. In...

September 12, 2024 10:56 PM

ECB cuts interest rates as growth dwindles

The European Central Bank cut interest rates again on Thursday and signalled a "declining path" for borrowing costs in the months ahead as inflation slows and economic growth in the euro zone falters. The ECB lowered its deposit rate by 25 basis points to 3.50%, following up on a similar cut in June as inflation is now within striking distance of its 2% target and the domestic economy is skirting a recession. The move had been widely telegraphed and investor attention has already shifted to wh...

June 10, 2024 3:46 PM

Euro and French markets roiled by shock Macron election call

The euro tumbled, while French bonds and stocks were hit hard on Monday, following French President Emmanuel Macron's decision to call a snap parliamentary election after being trounced in a European Union vote by the far right. The euro fell 0.5% to a one-month low of $1.0764 and slumped to a 21-month trough against sterling of 84.53 pence. French blue-chip stocks dropped 2%, led by steep losses in the likes of lenders such as BNP Paribas and Societe Generale, making the CAC 40 the worst-...

June 5, 2024 3:08 PM

Global stocks gain on rate-cut wagers as ECB meeting looms

World shares rose on Wednesday and the dollar steadied with a European Central Bank policy meeting coming into focus following soft U.S. labour market data that firmed up bets of a September rate cut by the Federal Reserve. Worries about a cooling U.S. economy, however, kept a lid on risk appetite. The focus in Asia stayed on Indian markets, with stocks rising after Tuesday's plunge as voting results showed a slimmer-than-expected victory margin for PM Narendra Modi. The ECB meets on Thursday ...

September 16, 2024 6:16 PM

Asia shares nudge higher as US, EU inflation data loom

Asian shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States made for thin trading ahead of Friday's figures on core personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation. Median forecasts are for a rise of 0.3% in April, keeping the annual pace at 2.8%, with risks on the ...