RSSEuropean Central Bank (ECB)

#ECB announces package of temporary collateral easing measures

#ECB announces package of temporary collateral easing measures

| April 8, 2020

The Governing Council of the European Central Bank (ECB) today (8 April) adopted a package of temporary collateral easing measures to facilitate the availability of eligible collateral for Eurosystem counterparties to participate in liquidity providing operations, such as the targeted longer-term refinancing operations (TLTRO-III). The package is complementary to other measures recently announced by the […]

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Help in #Coronavirus crisis should come from European level – #ECB

Help in #Coronavirus crisis should come from European level – #ECB

| April 6, 2020

Help to eurozone members struggling under the weight of the coronavirus crisis should come from the European level, European Central Bank (ECB) board member Isabel Schnabel told Greek newspaper To Vima in an interview, writes Balazs Koranyi. “This is not just a question of European solidarity, but also makes sense from an economic standpoint,” Schnabel […]

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#ECB ready to do more for coronavirus emergency if needed, Visco tells paper

#ECB ready to do more for coronavirus emergency if needed, Visco tells paper

| March 23, 2020

The measures adopted by the European Central Bank in response to the coronavirus emergency are sufficient and effective but the bank is ready to do more if necessary, a member of its Governing Council, Ignazio Visco, said on Monday (23 March), writes Giulia Segreti. “The set of measures adopted has been effective in relieving tensions. […]

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#ECB says it has more firepower to fight crisis

#ECB says it has more firepower to fight crisis

| March 18, 2020

The European Central Bank (ECB) is ready to take further measures to support the crisis-stricken eurozone economy, it said on Wednesday (18 March), attempting to dispel growing concerns that the bank is out of ammunition, write Balazs Koranyi and Jesus Aguado. While the ECB agreed on wide range of stimulus measures last week, markets have […]

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#ECB ramps up stimulus in virus fight but stops short of rate cut

#ECB ramps up stimulus in virus fight but stops short of rate cut

| March 12, 2020

The European Central Bank approved fresh stimulus measures on Thursday (12 March) to help the ailing euro zone economy cope with the shock of the coronavirus pandemic but unexpectedly kept interest rates on hold, a decision that may dismay markets, write Balazs Koranyi and Francesco Canepa. With millions of people in lockdown, financial markets in […]

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#ECB ready to take ‘targeted’ steps on #Coronavirus – Lagarde

#ECB ready to take ‘targeted’ steps on #Coronavirus – Lagarde

| March 4, 2020

The European Central Bank is ready to take “appropriate and targeted measures” to fight the impact of the coronavirus outbreak, it said on Monday (2 March), joining its US and Japanese counterparts in signaling a possible policy move, writes Balazs Koranyi. With the virus spreading around the globe, governments and central banks are coming under […]

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#Eurozone governments should use budget measures to support growth – #Lagarde

#Eurozone governments should use budget measures to support growth – #Lagarde

| February 27, 2020

European Central Bank President Christine Lagarde (pictured) repeated her call on Wednesday (26 February) for eurozone governments to use their budgetary leeway to boost growth amid the bloc’s slowdown, writes Frank Siebelt. Weak foreign trade has dragged the euro zone’s vast manufacturing sector into recession in recent months, and the coronavirus outbreak is risking further […]

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