Tag: Mario Draghi

• 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 13th 2014 - 07:32 UTC

  Easy-monetary policy advocates join the Federal Reserve; Fischer confirmed vice-chairman

  

  The US Senate confirmed on Thursday Stanley Fischer to be vice chairman of the Federal Reserve and approved Jerome Powell and Lael Brainard as members of the central bank's board, bolstering the Fed as it prepares to wind down its extraordinary stimulus.

• 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%.

• Saturday, May 10th 2014 - 00:21 UTC

  German exporters say they can cope with a strong Euro

  

  German exporters are well-positioned to cope with the strong Euro, Germany's leading trade organization said on Friday, even after data showed exports posted their biggest fall in nearly a year in March.

• Saturday, May 10th 2014 - 00:13 UTC

  ECB ready to take action against low inflation and strong Euro, says Dragui

  

  The European Central Bank is ready to take action next month to boost the Euro zone economy if updated inflation forecasts merit it, said ECB president Mario Dragui warning outsiders not to pressure the bank into action.

• Wednesday, April 16th 2014 - 04:20 UTC

  European central bank considering 'further stimulus' if inflation remains low

  

  European Central Bank (ECB) has said it will provide “further stimulus” to the Euro zone economy if inflation in the bloc continues to remain low. Mario Draghi, said a stronger Euro would act as a trigger to looser monetary policy.

• 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.

• Thursday, November 7th 2013 - 19:25 UTC

  Euro zone lowers rate to prop economy and avoid deflation; shares at five-year high

  

  A surprise rate cut by the European Central Bank sent Euro zone shares to a five-year high on Thursday as traders bet a weaker Euro and easier lending conditions would help revive the region's economy and boost demand for stocks.

• Friday, September 6th 2013 - 00:39 UTC

  ECB ready to cut rates or pump more money to help sustain Euro-zone recovery

  

  The European Central Bank said it was ready to cut interest rates or pump more money into the Euro zone economy if necessary to bring money market rates down and help the Euro zone's economic recovery. ECB chief Mario Draghi said the policymaking Governing Council did discuss a possible rate cut at its monthly meeting, partly due to concern about money market rates and the uncertain “very green” nature of the recovery.

• Friday, August 2nd 2013 - 02:42 UTC

  Euro rates to remain unchanged for extended period of time, says ECB

  

  The European Central Bank left interest rates at a record low 0.5% on Thursday and said that they will remain there for some while to come and could yet fall further. ECB President Mario Draghi hinted that policy would not be tightened until well into next year at the earliest, although the central bank will give no time horizon for when rates might move.