Tag: European Central Bank (ECB)

• Tuesday, May 3rd 2016 - 12:02 UTC

  Euro zone economy expands faster than expected in the first quarter

  

  The Euro-zone's economy grew by a faster-than-expected 0.6% in the first three months of the year, according to official statistics. The growth rate in the 19-nation bloc doubled from the 0.3% rate recorded in the previous quarter, and was above analysts' expectations of 0.4%.

• Friday, April 22nd 2016 - 08:16 UTC

  Draghi defends ECB easy money policy despite sharp criticism from Germany

  

  European Central Bank President Mario Draghi brushed off German criticism of his ultra-loose monetary policy on Thursday and vowed to use all the tools at his disposal for “as long as needed.” He said the ECB's policy was working, which helped boost the Euro.

• Tuesday, January 26th 2016 - 08:54 UTC

  ECB Dragui insists his policies will help raise inflation, currently at 0.2%

  

  European Central Bank President Mario Draghi has fought back against critics, insisting the bank's policies will help to raise inflation. Eurozone inflation is currently 0.2%, way below the ECB's target of near 2%. But Mr Draghi insisted that the central bank would meet its obligations.

• Friday, December 4th 2015 - 07:25 UTC

  Dragui's fresh Euro stimulus measures don't convince markets

  

  The European Central Bank announced on Thursday fresh stimulus measures in a bid to boost inflation and the Euro zone’s recovery but the market response reflected disappointment. Mario Dragui said the bank was extending the quantitative easing program by six months, March 2017, or beyond if necessary, but at the current rate of 60 billion Euros a month.

• Friday, November 6th 2015 - 08:23 UTC

  Recovery at “a modest pace” in the EU and Euro-zone next year

  

  The economic recovery within the European Union and the eurozone should continue at “a modest pace” next year, the EU has forecast. The economy of the 28-nation EU is set to grow by 1.9% this year, 2.0% in 2016 and by 2.1% the year after.

• Thursday, October 29th 2015 - 07:32 UTC

  Fed rates unchanged; fears of monetary easing in EU, Japan and China, and inflation still below 2%

  

  The US Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December.

• Friday, October 23rd 2015 - 08:35 UTC

  Concerns over Euro low inflation; ECB plans to re-examine stimulus program

  

  The European Central Bank (ECB) says it will “re-examine” its €1.1 trillion quantitative easing (QE) stimulus program at its December meeting. It has embarked on a scheme of bond purchases at €60bn per month designed to bring Euro zone inflation back up.

• Wednesday, September 23rd 2015 - 10:11 UTC

  Risk of 'corralito' (freeze of bank accounts) if Catalonia secedes from Spain

  

  Bank of Spain governor Luis María Linde on Monday stated that if Catalonia secedes from Spain, there could be a risk of a corralito, the popular term for economic measures that include a freeze on clients’ accounts, with the aim of halting a potential bank run.

• Saturday, September 12th 2015 - 09:51 UTC

  Germany warns global economy faces financial bubble: too much central banks stimuli

  

  The global economy faces a financial bubble from central banks pumping cash into economies, Germany's finance minister has warned. The comments come after the European Central Bank (ECB) said it would extend its stimulus program if needed.

• Monday, July 20th 2015 - 08:06 UTC

  France calls for an 'Euro government” led by a 'vanguard of countries'

  

  France favors a “stronger organization” behind the Euro led by “a vanguard of countries”, French President Francois Hollande said in an interview published Sunday. In the past week “the European spirit prevailed” in addressing the Greek crisis, he told the weekly Journal du Dimanche.