Tag: Mario Draghi

• Friday, March 6th 2015 - 18:25 UTC

  ECB stimuli bond-purchase to begin next Monday, announces Dragui

  

  Following a meeting of the European Central Bank's rate-setting Governing Council in Cyprus on Thursday, ECB president Mario Draghi said the bank would start buying sovereign bonds from Euro zone countries on Monday next week.

• Saturday, January 3rd 2015 - 08:02 UTC

  Euro becomes the official currency in Lithuania: 19th member of the zone

  

  The Euro entered circulation in Lithuania on New Year, bringing the number of European Union (EU) Member States using the single European currency to 19. The European Central Bank (ECB) announced that Lithuania also joined its banking supervision under the Single Supervisory Mechanism.

• Saturday, January 3rd 2015 - 07:56 UTC

  Dragui remarks makes Euro fall to its lowest against the dollar since June 2010

  

  The euro fell Friday to a 4 ½-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government bond-buying program to deal with alarmingly low inflation across the 19-country Euro-zone.

• Friday, December 5th 2014 - 06:14 UTC

  ECB steps up plans for more stimulus measures to revitalize Euro-economy

  

  The European Central Bank (ECB) has “stepped up” plans for more stimulus measures aimed at revitalizing the Euro-zone economy, bank president Mario Draghi said on Thursday. His comments came after the ECB held interest rates at 0.05%.

• Friday, November 7th 2014 - 05:11 UTC

  ECB ready to give the Euro zone further economic stimulus

  

  The president of the European Central Bank (ECB), Mario Draghi, says the bank stands ready to give the Euro zone further economic stimulus “should it become necessary”. The comments boosted shares in Europe. It also prompted a fall for the euro, with analysts increasingly braced for more dramatic stimulus measures.

• Tuesday, October 14th 2014 - 16:43 UTC

  IMF urges economic reforms or face brittle growth, high debt and unemployment

  

  The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said at the multilateral organization assembly.

• 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.

• 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.

• 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.

• 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.