Close Menu
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
Facebook X (Twitter) Instagram
Gazet International – Global Magazine
AWARD NOMINATION
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
You are at:Home » ECB climate goal missed by some Euro zone banks; fines possible
Banking

ECB climate goal missed by some Euro zone banks; fines possible

Gazet InternationalBy Gazet InternationalJune 5, 2024Updated:January 23, 20252 Mins Read
Facebook Twitter LinkedIn
Share
Facebook Twitter LinkedIn

A top supervisor at the European Central Bank stated in an interview released on Wednesday that certain banks in the euro zone have not met the bank’s climate-related targets. Consequently, these banks could be subject to fines.

ECB

In March, academic Swati Dhingra cast her first vote in favor of a cut, and this month, some estimate that deputy governor Dave Ramsden may follow suit. With no deadline in place, Governor Andrew Bailey has given the impression that he is comfortable lowering rates this year.

The market has fully priced in a reduction for August, while short holdings in sterling reached their highest level since January 2023 last week. If the market isn’t prepared for post-meeting guidance, the currency might weaken.

On Wednesday, the FTSE 100 in Britain reached a record high, supported in part by expectations of impending rate cuts.

The relative outlook from London could provide the range-bound euro/sterling cross some direction. The European Central Bank has all but pledged a cut on June 6, almost probably ahead of the U.S. Federal Reserve.

On Wednesday, Sweden lowered interest rates. In March, Switzerland lowered interest rates.

Strong Chinese trade figures maintained stable markets in Asia. China’s imports skyrocketed and its exports resumed growing, which may be a positive indication for domestic demand.

The April minutes of the Bank of Japan revealed a move toward hawkishness. Some members raised the possibility of rate hikes sooner than anticipated if inflation began to appear sustainable.

On Thursday, Governor Kazuo Ueda informed the legislature that the central bank was closely monitoring the yen’s decline. He stated that the bank would act if there was a chance that it might impact inflation. On Thursday, the yen held steady at 155.5 to the US dollar.

Regarding the Middle East, U.S. President Joe Biden publicly pledged for the first time to withhold arms from Israel if Israeli forces launch a significant assault on Rafah in southern Gaza.

In the meantime, Israel persisted in hitting southern Gaza with tanks and aircraft. Despite Brent crude’s steady rise above $80 per barrel, markets have not responded immediately to the changes.

Click here for more news on Banking.

Source
#BANKING #CLIMATE #ECB #EUCentralBank #EUROPE #evironmentaltargets #GAZET #GAZETINTERNATIONAL #INFLATION
Share. Facebook Twitter LinkedIn
Previous ArticleItalian watchdog fines Meta for unfair practices
Next Article China to establish carbon footprint system by 2027

Related Posts

CYSEC MENA 2025: Bahrain Set to Host 15th Global Edition of Premier Cybersecurity Summit

May 7, 2025

Driving Innovation and Integrity: AIMCS & ICA AFRICA 2025 Wraps Up with Remarkable Impact

May 6, 2025

Hugo Boss beats Q1 revenue expectations

May 6, 2025
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
Don't Miss

Mobile Global Deepens Executive Team, Appoints Digital Media Veteran Dominick Miserandino as Chief Marketing Officer​

Crompton Partners Unveils First-of-its-kind Report Tracking Abu Dhabi’s Off-Plan Property Secondary Market

Innovations Showcased at Airport Show to Enhance Digital Transformation

DIVINE in the Spotlight: Parimatch Hosts Exclusive Meet & Greet with Indian Rap Icon​

Recent Posts
  • Mobile Global Deepens Executive Team, Appoints Digital Media Veteran Dominick Miserandino as Chief Marketing Officer​
  • Crompton Partners Unveils First-of-its-kind Report Tracking Abu Dhabi’s Off-Plan Property Secondary Market
  • Innovations Showcased at Airport Show to Enhance Digital Transformation
  • DIVINE in the Spotlight: Parimatch Hosts Exclusive Meet & Greet with Indian Rap Icon​
  • PayU Appoints Digital Payments Veteran Shailesh Paul as the New CEO of Wibmo​
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • October 2023
    • September 2023
    • January 2021
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    About

    GAZET INTERNATIONAL


    Gazet International Magazine is a global entity that works towards providing latest information and news updates of the world. It entraps latest stories in banking, finance, lifestyle and various beats of the world. We engage in recognizing and rewarding the global organizations for their achievements in various fields and deliver justice to the nominees with valued identification and recognition of companies that indulge in the Gazet Award Ceremony.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Latest posts

    Mobile Global Deepens Executive Team, Appoints Digital Media Veteran Dominick Miserandino as Chief Marketing Officer​

    May 8, 2025
    Press Release

    Crompton Partners Unveils First-of-its-kind Report Tracking Abu Dhabi’s Off-Plan Property Secondary Market

    May 8, 2025
    Press Release

    Innovations Showcased at Airport Show to Enhance Digital Transformation

    May 8, 2025
    Press Release

    DIVINE in the Spotlight: Parimatch Hosts Exclusive Meet & Greet with Indian Rap Icon​

    May 8, 2025
    1 2 3 … 712 Next
    Official Partner

    7ITS NEWS

    Copyright © 2025. Gazet International

    Type above and press Enter to search. Press Esc to cancel.