ECB

Strong euro 'source of uncertainty' for ECB

london - Emirates voice

"The recent evolution of the exchange rate is a source of uncertainty which requires monitoring," Bank of France governor and ECB governing council member Francois Villeroy de Galhau told German financial newspaper Boersen-Zeitung. In recent days, the European single currency has climbed above $1.22 -- around 15 dollar cents higher than last January's level. That could be a problem "withRead more

The European Central Bank kept key interest rates

Frankfurt am Main - Emirates Voice

The European Central Bank kept key interest rates at record lows and left its mass bond-buying programme unchanged Thursday, a spokesman said, confirming expectations the bank would play for time as markets brace for an exit from the era of cheap money. As expected, the Frankfurt institution kept its main refinancing rate at 0.0 percent, the rate on the marginalRead more

ECB keeps key interest rates unchanged

Frankfurt am Main - Emirates Voice

EUR/USD approaching next resistance

Berlin - Seham Ahmed

The Draghi effect goes on and on. This time, it’s not a drag on the euro but rather a driver to the upside. The words of the ECB President already send the world’s most popular currency pair over 200 pips to the upside. The high so far has been 1.1419. On the day after the Brexit vote, EUR/USD reached aRead more

ECB signals end to interest rate cuts

Abu Dhabi - Emirates Voice

The European Central Bank (ECB) signalled on Thursday it planned no further interest rate cuts as eurozone prospects improved, but said subdued inflation meant it would continue to pump more stimulus into the region's economy. The currency bloc has been on its best economic run since the global financial crisis nearly a decade ago but the ECB had been expectedRead more

ECB: Protectionism may raise trade deficits

Frankfurt - Arab Today

Protectionist trade policies may increase, rather than reduce, a country’s trade deficit, the European Central Bank (ECB) said in a study on Wednesday, just days after finance chiefs of the world’s top 20 economies dropped their pledge for open trade. Seeking to reduce a large trade deficit, US President Donald Trump’s administration has proposed a series of protectionist measures, suchRead more

Brexit banks set to avoid lengthy euro zone test

Frankfurt - Arab Today

Banks in London that relocate operations to the euro zone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for them to shift, according to two officials with knowledge of the matter. The European Central Bank (ECB) has had many inquiries from British-based banks wanting to come under its watch, prompting it toRead more

ECB: Core inflation still too low

Frankfurt - Arab Today

The European Central Bank (ECB) has opted against any change to its stimulus programs even though economic growth across the 19-country euro zone appears to be picking up steam and inflation has risen to the bank’s targets. In a press briefing Thursday after the bank kept policy unchanged, President Mario Draghi argued that the recent rise in the annual inflation rate toRead more

ECB welcomes recovery signs, but money stays loose

Frankfurt am Main - ArabToday

The European Central Bank reported signs of an improving eurozone economy Thursday, but said it would keep cheap money gushing for fear of undermining the recovery. ECB watchers were alert for any tightening of the ECB's ultra-loose policy as inflation rates rise and prospects for growth in the 19-nation single currency area improve. The central bank has set interest ratesRead more

ECB stands firm on stimulus, but says urgency eases

FRANKFURT - Arab today

The European Central Bank pledged on Thursday to keep its aggressive stimulus policy at least until the end of the year, but markets leapt higher as it signalled there was less of a need to prop up growth and inflation in the Eurozone. ECB President Mario Draghi said the bank had removed one phrase from his standard introductory statement thatRead more