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Austrian central bank chief Robert Holzmann on Thursday said euro zone interest rates should be held until more clarity emerges on the path of U.S. tariffs and European Union countermeasures. “We have not seen this uncertainty now for years… unless the uncertainty subsides, by the right decisions, we will have to hold back a number … Read more
The uncertainty around trade tariffs is complex but a period of uncertainty also provides Europe with an opportunity to assert itself as an economic and geopolitical superpower, the governor of the Bank of Latvia told CNBC Thursday. “With all this uncertainty and vulnerability, this is also the time of opportunities for Europe,” said Mārtiņš Kazāks, … Read more
Christine Lagarde, President of the European Central Bank (ECB), comments on the central bank’s latest interest rate decision to journalists. Photo by Andreas Arnold/picture alliance via Getty Images European Central Bank President Christine Lagarde on Tuesday said she hoped that the prospect of U.S. President Donald Trump firing Federal Reserve Chair Jerome Powell was not … Read more
The German parliament building, the Reichstag, which has been the seat of the Bundestag since 1999. Fhm | Moment | Getty Images U.S. tariffs could push Europe’s largest economy into a recession, German central bank President Joachim Nagel warned Thursday, as Berlin faces a debate over the potential overhaul of its fiscal policies. “Now we … Read more
Europe’s struggling economy has economists worried — and senior European Central Bank policymaker Mário Centeno, echoes that view. “I am very concerned about the European economy,” Centeno, who is also governor of the Bank of Portugal, told CNBC’s “Squawk Box Europe” on Friday. On Thursday, the ECB revised its gross domestic product expectations for the … Read more
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