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
Economists say that suggests there is little need to cut much further now that the ECB has delivered eight 25 basis-point ...
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 ...
ECB would react to 'material' changes in inflation outlook, Lane says
The European Central Bank would react to "material" changes in the euro zone's inflation outlook and ignore "tiny" ones as ...
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 ...
ECB’s Guindos Says Oil Swings Aren’t Derailing Inflation Retreat
European Central Bank Vice President Luis de Guindos said recent swings in commodities prices due to the war between Israel ...
Monte Dei Paschi Says ECB Cleared Mediobanca Acquisition
MPS was rescued by the government in 2017 and is still 11.7% owned by Rome. The hostile bid for Mediobanca it unveiled in ...
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 clears Monte Paschi's takeover bid for Mediobanca, source says
The European Central Bank has cleared Monte dei Paschi di Siena's proposed acquisition of rival Mediobanca, a source with ...
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 ...