RSSEuropean Central Bank (ECB)

#ECB eyes stimulus package as growth looks weaker – minutes

#ECB eyes stimulus package as growth looks weaker – minutes

| August 23, 2019

A combination of measures may be needed to prop up the eurozone economy, as recent indicators paint an even bleaker picture of the outlook, European Central Bank policymakers said at their July meeting, the accounts of the meeting showed on Thursday (22 August), writes Balazs Koranyi. With growth and inflation slowing for months, ECB President […]

Continue Reading

Low euro zone inflation means more stimulus may be needed – #ECB

Low euro zone inflation means more stimulus may be needed – #ECB

| August 20, 2019

Eurozone inflation, running at just 1% in July is too low and the European Central Bank could decide in September on further stimulus, Estonian central bank governor Madis Müller said on Monday (19 August), writes Tarmo Virki. “Inflation is far from our target of almost 2%,” Müller said in an editorial piece. “This could mean […]

Continue Reading

#ECB – Draghi’s parting gift to tie Lagarde’s hands

#ECB – Draghi’s parting gift to tie Lagarde’s hands

| August 14, 2019

The European Central Bank’s imminent stimulus package is unlikely to cut record low borrowing costs much further but will tie its new president’s hands for much of the next year, giving her little leeway to act while the economy ails, writes Balazs Koranyi. With the bloc’s vast manufacturing sector shrinking, a global trade and currency […]

Continue Reading

Prolonged uncertainty weighs on eurozone growth outlook: #ECB

Prolonged uncertainty weighs on eurozone growth outlook: #ECB

| August 9, 2019

Prolonged uncertainty is dampening the euro zone’s growth outlook, particularly for manufactured goods, the European Central Bank said in a regular Economic Bulletin on Thursday (8 August), writes Balazs Koranyi. Trade tensions are high and the risk of a no-deal Brexit remains, pointing to weaker eurozone growth in the second and third quarters, the ECB […]

Continue Reading

#ECB to test five Croatian banks as country aims for euro entry

#ECB to test five Croatian banks as country aims for euro entry

| August 8, 2019

The European Central Bank said on Wednesday (7 August) it would carry out a stress test of five Croatian banks, a preliminary step in Zagreb’s bid to join the eurozone, writes Francesco Canepa. Zagrebačka banka, Privredna banka Zagreb, Erste & Steiermärkische Bank, OTP banka Hrvatska and Hrvatska poštanska banka will all be tested, with results […]

Continue Reading

#Eurozone banks expect rising loan demand in third quarter – #ECB

#Eurozone banks expect rising loan demand in third quarter – #ECB

| July 24, 2019

Eurozone banks expect loan demand to rise in the third quarter while they keep corporate lending and mortgage credit standards unchanged, the European Central Bank said in a quarterly lending survey on Tuesday (23 July), writes Balazs Koranyi. With economic growth slowing and uncertainty on the rise, the ECB has already given banks a new […]

Continue Reading

Europe needs to find candidate to head #IMF – France

Europe needs to find candidate to head #IMF – France

| July 8, 2019

European finance ministers need to find a compromise candidate to replace Christine Lagarde (pictured) as the head of the International Monetary Fund, French Finance Minister Bruno Le Maire said on Saturday (6 July), writes Leigh Thomas. European leaders nominated Lagarde last week to succeed Mario Draghi as president of the European Central Bank, raising the […]

Continue Reading