- Oct 9
ECB policymakers dampen rate hike bets as Schnabel successor race opens
Euro zone finance ministers opened the process to replace Isabel Schnabel, who leaves the ECB on January 3, 2027, while several ECB policymakers said they are in no rush to raise rates again.
- Oct 5
ECB Policymakers Back Measured Rate Approach as Eurozone Inflation Climbs to 3.8%
European Central Bank officials Philip Lane and Joachim Nagel indicated on Monday that rate setters will take a cautious approach despite headline inflation rising to 3.8% in September.
- Oct 5
Italian diesel prices rise following excise discount expiry as Eni trims rate to 2.21 euros
Average Italian diesel prices reached 2.261 euros per litre on 7 October following the end of a 6.1-cent excise tax cut, prompting renewed debate over mobile duties and commercial price caps.
- Sep 24
ECB board member Isabel Schnabel resigns to join IMF as markets department director
Isabel Schnabel will step down from the European Central Bank Executive Board on 3 January 2027 to become the IMF's financial counsellor and markets director, leaving Frankfurt one year early.
- May 30
Portuguese inflation holds at 3.3% in May as energy costs surge 13.2%, but minister insists 'people are living better'
Portugal's consumer price index remained at 3.3% year-on-year in May, driven by a 13.2% jump in energy products linked to Middle East disruptions, while Economy Minister Castro Almeida argued that wage growth of 6.6% means households are still better off.
- May 29
German inflation unexpectedly drops to 2.6% in May as fuel discount takes effect, but ECB rate hike looms
Germany's annual inflation rate fell to 2.6% in May from 2.9% in April, defying economist expectations, as a temporary fuel tax cut and lower crude oil prices eased pressure on consumers.
- May 26
ECB officials signal June rate hike as Iran war drives inflation toward 4% and economic outlook darkens
Top European Central Bank officials Isabel Schnabel and Philip Lane have delivered their clearest warnings yet that interest rates will rise in June, as the Iran war pushes eurozone inflation toward 4% and the macroeconomic outlook deteriorates.
