Tag: European Central Bank

• Friday, March 8th 2019 - 09:05 UTC

  China's exports tumble 21% during February, largest decline since 2016

  

  China's exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures.

• Friday, December 14th 2018 - 09:03 UTC

  ECB confirms it's ending the massive bond-buying scheme

  

  The European Central Bank has confirmed it is ending its huge net asset purchase program to stimulate the Eurozone economy this month. The ECB has stopped its bond-buying scheme, worth €30bn a month, despite a recent slowdown in the bloc's recovery.

• Saturday, September 22nd 2018 - 07:08 UTC

  Trichet: Brexit will hit harder the UK than the EU, and “it is totally contrary to the new world”

  

  Brexit will have a bigger economic impact on the UK than the European Union, the former head of the European Central Bank has told BBC Radio 5 Live. Jean-Claude Trichet added the break-up was “totally contrary to the new world” of large emerging economies, with single currencies and single markets.

• Friday, September 14th 2018 - 08:37 UTC

  BoE and European central bank keep rates unchanged; Turkey hikes 625 points to 24%

  

  Stocks in Europe reversed earlier gains by Thursday's close to finish lower, as investors digested fresh news out of the central banking sphere. The pan-European STOXX 600 closed down 0.15%, with the majority of sectors falling into negative territory. The U.K.'s FTSE 100 slipped 0.43% by the close, while France's CAC 40 ended a touch lower, off 0.08%, and Germany's DAX rose 0.19%.

• Monday, December 5th 2016 - 11:06 UTC

  Euro skids to a 20-month low on Rienzi's resignation; all eyes on EU Central bank

  

  The Euro skidded to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country's shaky banking system. Renzi's defeat deals a body blow to the European Union already reeling under anti-establishment anger that led to the shock exit of UK from the club in June this year.

• Tuesday, June 14th 2016 - 12:04 UTC

  ECB purchases 348bn Euros of corporate bonds in the first three days

  

  The European Central Bank bought 348 million Euros of corporate bonds in the first three days of such purchases last week, it said on Monday, as part of its 1.74 trillion Euro scheme to revive growth and inflation. The figures are at the upper end of analyst predictions, indicating a strong start for the program and suggesting that the ECB was keen to show it can buy significant volumes.

• Monday, March 2nd 2015 - 06:21 UTC

  Germany sells five-year notes in Euros at a negative yield of -0.08%

  

  The German government sold five-year notes at a negative yield for the first time in its history on Wednesday. The milestone comes as the European Central Bank prepares to begin a bond-buying program, known as quantitative easing, in hopes of stimulating growth in economies across the Continent.

• Friday, February 20th 2015 - 05:00 UTC

  Negative inflation in France adds to Euro-zone stagnation and deflation fears

  

  Inflation in France, the Euro zone's second-biggest economy, was negative in January for the first time in more than five years, the national statistics agency said on Thursday.Prices declined by 0.4% in January compared to the same month last year, INSEE said, noting that France has not seen negative inflation since October 2009.

• Wednesday, January 21st 2015 - 06:33 UTC

  Denmark, following on Switzerland, forecasted to remove Krone's peg to the Euro

  

  Denmark has cut its key interest rate to prevent the Krone from strengthening in the wake of Switzerland's decision to scrap the franc's peg to the Euro. There has been speculation that Denmark could follow the Swiss move by removing the Krone's link to the Euro.

• Monday, August 11th 2014 - 22:19 UTC

  Leading economies showing overall steady growth trend, says OECD

  

  Leading economies are showing a steady growth trend overall, although Britain is doing particularly well and Japan and Germany are showing signs of losing pace, the OECD (Organization for Economic Cooperation and Development) said on Monday.