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News Tagged By: European Central Bank (ECB)

ECB holds rates, expecting recovery soon

The European Central Bank kept its main interest rate on hold at a record low 0.5 percent on Thursday, saying that improved economic data in May confirmed its forecast of a gradual recovery from...
Sakari Suoninen, Reuters
Posted on 6-06-2013 at 7:32 AM
Tags: euro zone, European Central Bank (ECB)

Banks to repay $5B ECB's crisis loans next week: Poll

Banks are expected to repay 4 billion euros ($5 billion US) of their three-year crisis loans to the European Central Bank next week, according to a Reuters poll of euro money market traders taken on...
Ruby Cherian, Reuters
Posted on 6-03-2013 at 1:54 PM
Tags: Euro, euro zone, European Central Bank (ECB), European Union

ECB seeks new tools while Fed toys with exit

The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between...
Leigh Thomas and Jason Lange, Reuters
Posted on 5-23-2013 at 8:21 AM
Tags: euro zone, European Central Bank (ECB)

Carney says Europe needs big reforms

Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to...
Louise Egan and Randall Palmer, Reuters
Posted on 5-21-2013 at 1:37 PM
Tags: Bank of Canada, Japan, European Central Bank (ECB), European Union

ECB says has tools left to act if needed

The European Central Bank still has room to manoeuvre should the euro zone economy continue to worsen after it cut interest rates to a new record low last week, ECB policymakers said on Wednesday.
Sakari Suoninen and Martin Santa, Reuters
Posted on 5-08-2013 at 11:10 AM
Tags: European Central Bank (ECB)

Euro zone downturn points to deeper recession

The euro zone's business downturn dragged on in April, suggesting the region may be falling deeper into recession this quarter, business surveys showed on Monday.
Jonathan Cable, Reuters
Posted on 5-06-2013 at 7:23 AM
Tags: euro zone, European Central Bank (ECB), European Union

EU sees deeper euro zone recession in 2013

The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years.
Jan Strupczewski, Reuters
Posted on 5-03-2013 at 7:32 AM
Tags: European Central Bank (ECB), European Union

ECB cuts rates to support flagging economy

The European Central Bank cut interest rates for the first time in 10 months on Thursday, promising to provide as much liquidity as euro zone banks need well into next year and to help smaller...
Eva Kuehnen, Reuters
Posted on 5-02-2013 at 7:24 AM
Tags: European Central Bank (ECB), European Union

Europe contaminated to the core: PIMCO chief

The economic situation in Europe will worsen before it gets better, according to the CEO and co-chief investment officer of PIMCO, one of the world's largest bond investors.
Susan Kirwin, BNN Chase Producer
Posted on 4-30-2013 at 3:06 PM
Tags: PIMCO, European Central Bank (ECB), euro zone

Cyprus bailout scrapes through island's parliament

Cyprus's parliament approved an EU bailout on Tuesday which will force it to wind down its second-largest bank and impose heavy losses on uninsured depositors at another, conditions that have...
Michele Kambas, Reuters
Posted on 4-30-2013 at 1:43 PM
Tags: Cyprus, European Central Bank (ECB), European Union
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