Tag: European Central Bank (ECB)

• Monday, October 6th 2014 - 11:45 UTC

  Euro zone, an economy struggling against multiple headwinds

  

  A survey measuring business activity in the Euro zone shows the economy remains “stuck in a rut”, according to the company behind the report. The Euro zone purchasing managers index (PMI) fell to 52 in September, down from an initial estimate of 52.3.

• Friday, October 3rd 2014 - 06:59 UTC

  ECB announces two-year plan to purchase covered bonds and inject liquidity

  

  The European Central Bank has kept its benchmark interest rate at 0.05% and given details of its asset purchase program announced last month. The bank's head Mario Draghi said it would start buying covered bonds this month and other assets in the final three months of the year. This would go on for two years.

• Tuesday, September 2nd 2014 - 08:36 UTC

  Dragui and Hollande agree to spur demand and head off the risk of deflation

  

  French President Francois Hollande and Mario Draghi the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation, French officials said.

• Monday, September 1st 2014 - 10:30 UTC

  Dragui's announcement on fiscal stimulus cause German concern

  

  A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe.

• Saturday, August 9th 2014 - 06:49 UTC

  ECB to make more transparent European banks quality and potential litigations

  

  The European Central Bank will consider the impact of future lawsuits and fines in its review of whether the Euro zone's 131 most important lenders have enough capital to withstand another recession.

• Saturday, August 9th 2014 - 06:25 UTC

  Dragui 'pleased' with a weakened Euro exchange rate, which could decline further

  

  European Central Bank President Mario Dragui signaled he was pleased with the recent decline in the Euro's exchange rate and outlined a number of forces that may weaken it further, providing a potential boost to weak inflation in the region.

• Friday, July 4th 2014 - 06:50 UTC

  Draghi pledges monetary stimuli to revive the economy and avoid deflation

  

  European Central Bank president Mario Draghi reiterated on Thursday that he'll keep interest rates low as officials try to revive the region's economy with a new round of emergency measures.

• Friday, June 6th 2014 - 08:38 UTC

  Europe appeals to negative interest rates to stimulate the economy and inflation

  

  The European Central Bank has introduced a raft of measures aimed at stimulating the Euro zone economy, including negative interest rates and cheap long-term loans to banks. It cut its deposit rate for banks from zero to -0.1%, to encourage banks to lend to businesses rather than hold on to money. The ECB also cut its benchmark interest rate to 0.15% from 0.25%.

• Friday, February 7th 2014 - 07:18 UTC

  ECB president downplays the threat of deflation in the Euro zone

  

  The European Central Bank left interest rates at a record low at 0.25% on Thursday, but said it remained ready to act in the face of risks to the Euro zone economy, particularly turbulence in the emerging markets, and downplayed deflation.

• Friday, May 3rd 2013 - 02:24 UTC

  EU “nightmare of unemployment” debate reaches ECB, which cuts rates to record low 0.5%

  

  The European Central Bank cut interest rates to a new record low on Thursday amid a chorus of calls for the Euro zone to focus on growth to end a “nightmare of unemployment” in the bloc. It was the first cut in ten months.