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ECB says further euro strengthening would trigger looser monetary policy

Last Updated: Sunday, April 13, 2014, 00:16

A further strengthening of the euro exchange rate would require more loosening in the European Central Bank`s monetary policy to keep the overall policy stance as accommodative as it is now, ECB President Mario Draghi said on Saturday.

Euro gains as IMF pushes ECB to act on deflation

Last Updated: Wednesday, April 09, 2014, 09:42

IMF chief economist Olivier Blanchard said action was needed "soon", noting that the ECB was already reviewing its options.

IMF presses ECB to act soon against deflation

Last Updated: Tuesday, April 08, 2014, 22:20

The International Monetary Fund on Tuesday urged the European Central Bank to act as soon as possible to fend off the deflation threat, amid worries about weak eurozone growth.

Asia braces for US jobs test, euro nurses losses

Last Updated: Friday, April 04, 2014, 07:05

Asian markets settled in for a subdued session on Friday as investors counted down the hours to the US jobs report, while the euro nursed a grudge after the European Central Bank opened the door to more aggressive easing, albeit not just yet.

France angles for new EU timetable on budget limits

Last Updated: Friday, April 04, 2014, 02:34

France's reshuffled government took a combative tone with Brussels Thursday, with new Finance Minister Michel Sapin saying the "pace" of deficit reduction would be raised in EU talks.

'ECB to hold fire on rates despite slow inflation'

Last Updated: Thursday, April 03, 2014, 07:29

The European Central Bank is not expected to cut its key interest rates on Thursday, even though inflation in the euro area slowed sharply last month, analysts said.

Euro soft as yields fall, China stimulus talk aids stocks

Last Updated: Friday, March 28, 2014, 08:53

The euro was wallowing near three-week lows in Asia on Friday as speculation intensified that the European Central Bank might ease policy further, while similar hopes of stimulus in China gave a fillip to Asian shares.

ECB will do everything to avert deflation: Draghi

Last Updated: Tuesday, March 25, 2014, 23:15

The European Central Bank will do all it can to ensure the single currency area does not slip into deflation, ECB president Mario Draghi said on Tuesday.

Cyprus scrambling back from the brink of bankruptcy

Last Updated: Friday, March 14, 2014, 09:07

A year after a financial earthquake shattered years of prosperity in Cyprus, an austerity plan has put the eastern Mediterranean island back on track despite the bitter pill of rising unemployment.

Asian shares broadly up on hopes for US jobs

Last Updated: Friday, March 07, 2014, 14:16

Asian markets mostly rose on Friday and the dollar held on to its New York gains after better-than-expected jobs data raised hopes for a strong payrolls report later in the day.

No policy shift from ECB despite low inflation

Last Updated: Thursday, March 06, 2014, 21:49

The European Central Bank left interest rates on hold and unveiled no other measures to bolster a fragile euro zone recovery on Thursday despite forecasting low inflation for years to come.

ECB trims inflation, raises growth forecasts for 2014

Last Updated: Thursday, March 06, 2014, 21:29

The European Central Bank on Thursday raised slightly its growth forecast for the euro area this year, but trimmed its forecast for inflation.