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    Martin Arnold

    Frankfurt bureau chief
    Martin Arnold leads the Frankfurt bureau, while writing about the European Central Bank and the eurozone economy. He has worked for the FT since 1999 in roles including banking editor, deputy companies editor, private equity correspondent and Paris correspondent.
    Email Martin Arnold @MAmdorsky  on Twitter (link opens in a new browser window)
    Email Martin Arnold @MAmdorsky  on Twitter (link opens in a new browser window)

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    • Thursday, 28 July, 2022
      News in-depthEurozone economy
      Gas crisis raises recession risk for inflation-hit eurozone economy

      Slight expansion expected for second quarter, but outlook for second half of year is bleak

    • Thursday, 28 July, 2022
      FT News Briefing podcast9 min listen
      Fed hikes rates, but next steps are uncertain

      European gas price rise accelerates as Russia cuts flows

    • Tuesday, 26 July, 2022
      News in-depthItalian politics
      Doubts over Italy’s access to €800bn EU Covid fund after Draghi’s exit

      Elections raise questions over Rome’s ability to stick to reform timetable

    • Monday, 25 July, 2022
      German economy
      German recession looms as business confidence slumps to two-year low

      Economists warn of downturn as high prices and threat of gas shortage weigh on economy

    • Friday, 22 July, 2022
      European Central Bank
      ‘We are not offering forward guidance’: ECB ditches policy that blocked earlier rate rise

      Central bank hopes to regain credibility by removing protocol that was dictating decisions

    • Friday, 22 July, 2022
      Eurozone economy
      Eurozone business activity falls to 17-month low, raising recession fears

      Output and new orders fall for the first time since coronavirus lockdowns in early 2021

    • Thursday, 21 July, 2022
      ExplainerEuropean Central Bank
      Spread betting: how will the ECB’s new bond-buying tool work?

      Policymakers hope new programme will give central bank cover to raise rates without triggering market turmoil

    • Thursday, 21 July, 2022
      European Central Bank
      ECB raises rates for first time in more than a decade

      Half percentage point increase comes as borrowing costs rise amid political turmoil in Rome

    • Wednesday, 20 July, 2022
      German economy
      IMF calls for rethink of German debt-cutting plan if Russia halts gas flows

      End to imports from key energy supplier would drag Europe’s largest economy into recession in 2023, says fund

    • Wednesday, 20 July, 2022
      Europe Express
      All eyes on Italy while ECB considers policy response Premium content

      Tensions run high ahead of Mario Draghi’s return to parliament today to gauge support for his agenda

    • Tuesday, 19 July, 2022
      European Central Bank
      ECB to discuss ending negative rates with 50 basis point move

      Speculation of bigger than expected move intensifies ahead of key vote on Thursday

    • Tuesday, 19 July, 2022
      The Big Read
      European economy: Lagarde wrestles with an ‘impossible situation’

      The ECB president is set to raise rates to curb inflation just as war and energy prices threaten to tip the eurozone into recession

    • Monday, 18 July, 2022
      News in-depthEuropean Central Bank
      Italian political upheaval provides test of ECB’s resolve

      Former central bank president Mario Draghi’s troubles complicate the task facing his successor, Christine Lagarde

    • Wednesday, 13 July, 2022
      News in-depthEuro
      Euro’s slide towards dollar parity reflects heavier hit from Ukraine war

      The single currency’s fall points to risk of a recession more than question marks over its future

    • Sunday, 10 July, 2022
      EU energy
      Canada waives Russia sanctions to ease Germany’s gas shortage

      Ottawa allows export of vital turbine to help repair Nordstream 1 pipeline

    • Friday, 8 July, 2022
      Climate change
      Eurozone banks are underestimating the hit from climate change, warns ECB

      Campaigners say stress tests were not tough enough and did not take into account higher energy costs

    • Thursday, 7 July, 2022
      European Central Bank
      Soaring inflation sparked ECB calls for more aggressive rate rises, minutes show

      Policymakers voiced fears at June meeting that inflation expectations could become unanchored without strong action

    • Wednesday, 6 July, 2022
      ExplainerEurozone economy
      ECB’s crisis-fighting scheme risks being tied up in legal and political knots

      Pledge to tackle divergence in bloc’s borrowing costs raises tough questions on when and how to intervene

    • Monday, 4 July, 2022
      European Central Bank
      Bundesbank boss warns against ‘fatal’ assumptions in ECB crisis tool

      Joachim Nagel reflects concerns over plan to counter divergence in eurozone borrowing costs

    • Monday, 4 July, 2022
      German economy
      Germany warns of ‘historic challenge’ as trade slides into deficit

      Soaring energy prices and trading disruption push balance €1bn into the red for May

    • Monday, 4 July, 2022
      European Central Bank
      ECB set for greener ‘tilt’ in €386bn corporate bond portfolio

      Plan to transform holdings will limit share of bonds with high carbon footprint bank accepts as collateral

    • Sunday, 3 July, 2022
      European Central Bank
      ECB to discuss blocking banks from multibillion-euro windfall as rates rise

      Governing council to discuss potential bonanza for lenders from ultra-cheap pandemic loans

    • Friday, 1 July, 2022
      Eurozone inflation
      Eurozone inflation hits record 8.6% in June

      Sharp acceleration of food and energy prices intensifies ECB debate over speed of planned interest rate rises

    • Thursday, 30 June, 2022
      Sveriges Riksbank
      Sweden’s Riksbank steps up pace of interest rate rises

      Central bank raises rate by 50 basis points to 0.75% and signals further increases to come this year

    • Wednesday, 29 June, 2022
      Central banks
      Central bank chiefs call end to era of low rates and moderate inflation

      ECB, Fed and BoE heads warn of painful shift after ‘massive geopolitical shock’ of Ukraine war and pandemic

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