Reporting and perspectives on european central bank.
EU petrol and diesel prices hit record highs this week, according to the European Commission. Refining margins—the cost of turning crude oil into fuel—are partly to blame, and prices could remain elevated as ECB experts tell Euronews that diesel margins are expected to peak only in October.
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Concerns are mounting that Europe's central macroeconomic institution might not be ready for turnover at the highest level.
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The European Central Bank is inviting people across Europe to vote on designs for future euro banknotes before its public survey closes on 21 September.
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The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.
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The ECB is raising borrowing costs to stop expensive energy from fuelling lasting inflation. Economists disagree on how far rates must rise and how much growth could suffer.
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