Tag: European Central Bank

Euro Zone Consumers in for a Shock as Power Bills Soar

January 19, 2022
consumer spendingenergy costsEuropeEuropean Central BankWorld
0 Comment

FRANKFURT—When Christian Hurtz opened his electricity bill just before New Year, his jaw dropped: it had more than trebled from the rate he signed up for. The 41-year-old software developer from Cologne, Germany, is one of millions of Europeans who have seen their energy costs balloon as providers go out of business because of soaring…

Read More

Deutsche Bank to Name Dutchman as Next Chair in Changing of Guard

November 21, 2021
Business & EconomychairmanDeutsche BankEuropean Central Bank
0 Comment

FRANKFURT—Deutsche Bank said on Friday that it would nominate Dutch businessman Alexander Wynaendts as the next chairman of its supervisory board, marking a new era for Germany’s largest lender. The former chief executive of Aegon will succeed Chairman Paul Achleitner, one of Germany’s most prominent bankers. He plans to step down in May after 10…

Read More

Inflation Could Prompt ECB to Tighten Policy Quicker, Holzmann Says

September 8, 2021
Business & EconomyEconomiesEuropeEuropean Central BankinflationRobert HolzmannWorld
0 Comment

FRANKFURT—The European Central Bank could tighten policy sooner than many expect as inflationary pressures could prove to be persistent, ECB policymaker Robert Holzmann said in a contribution to Eurofi Magazine on Wednesday. The ECB, which meets on Thursday, has kept policy ultra-easy since the start of the coronavirus pandemic, and it promised an even longer…

Read More