Czechia caps fuel margins and cuts diesel tax as prices soar
Czechia will cap fuel retailers’ margins, cut diesel duty and tax refiners’ higher profits as governments across Europe seek to limit rising fuel costs.
Read the storyEuropean Central Bank
6 STORIESReporting and perspectives on european central bank.
EU Fuel Prices Hit Records as ECB Experts See Diesel Margins Peaking in October
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.
Read the story
ECB staff raise stability concerns over rumours of Lagarde's early departure
Concerns are mounting that Europe's central macroeconomic institution might not be ready for turnover at the highest level.
Read the story
ECB asks Europeans to vote on future euro banknote designs as survey deadline nears
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.
Read the story
A European Central Bank rate hike is all but certain, the reasoning less so
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.
Read the story
Can the ECB rate hike stop an inflation shock driven by energy costs?
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.
Read the story