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Graphic of Europe

Individual bank scores will be used by banking regulators in determining how much capital they need to hold in reserve

European Union headquarters

Prices rise in Germany and fall in Spain

digital euro

European Commission proposes legal framework, ECB to have final call on digital currency

Global growth

Rates to stay higher for longer amid inflation, 2024 forecast revised down

Eurotower in Frankfurt am Main before sundown

The quarter-point boost is the European Central Bank's eighth straight increase in interest rates

Man searches for job on the internet

Euro area, young workers see new lows for unemployment

Collection of Euro bills

The eurozone had a technical recession, with output dropping in Q4 2022 and Q1 2023

Europe stacks

"There is no clear evidence that underlying inflation has peaked," ECB head says

Collection of Euro bills

Latest economists' survey points to friendlier conditions this year

Eurotower in Frankfurt am Main before sundown

The quarter-point increase comes a day after the Federal Reserve's identical move