European Central Bank

Ex-IMF chief Lagarde wins EU approval to lead ECB

The MEPs voted 394 in favour, 206 against and 49 abstentions after a debate was held on Lagarde's suitability for the position in the Parliament's plenary in Strasbourg.

Sep 17, 2019, 18:02 PM IST

ECB has no plan to issue digital currency: Draghi

The sudden proliferation of cryptocurrencies such as Bitcoin, essentially a privately created online token, has sparked a global debate over whether central banks should also launch their own digital money.

Sep 14, 2018, 17:36 PM IST

ECB asks Deutsche Bank to gauge investment banking exit costs: Source

Germany`s biggest lender has been calculating the financial effects of a potential move to quit investment banking for some time, and the move is not related to the switch in Deutsche Bank`s top management position last Sunday when retail banking expert Christian Sewing was appointed to replace chief executive John Cryan.

Apr 16, 2018, 16:45 PM IST

Five things to know about ECB bond-buying programme

Here are five things to know about what the QE programme is and why the decision matters for the eurozone.

Oct 24, 2017, 09:44 AM IST

ECB to publish breakdown of its company debt buys

The ECB will show how closely it is sticking to its plan to buy bonds in proportion to the outstanding debt of euro zone companies that are rated investment grade and are not banks.

Oct 06, 2017, 17:27 PM IST

Euro hits 2.5-year dollar high

The euro Friday reached the highest level against the dollar since the start of 2015 as traders bet on the European Central Bank winding in its huge stimulus programme.

Sep 08, 2017, 16:09 PM IST

Deutsche Bank CEO calls on ECB to change course

Cryan said Frankfurt is the most natural location as a financial hub as banks move from London after Britain`s decision to leave the European Union.

Sep 06, 2017, 14:42 PM IST

ECB`s bond-buying programme: Five things to know

European Central Bank governors meet in Frankfurt on Thursday as expectations grow that they will soon announce an end to their "quantitative easing" bond-buying programme.

Sep 05, 2017, 12:07 PM IST

Euro zone factory activity rises in August on strong demand

Euro zone manufacturing activity accelerated in August, clocking the fastest rise in export orders since February 2011 despite a strengthening currency, a business survey showed.

Sep 01, 2017, 16:08 PM IST

Global Markets: Central banks in focus as oil slump, spiking bond yields dent risk appetite

Bond markets are having an increasing impact on FX and equity markets, the strategists said, drawing parallels with moves seen in 2013 during the so-called "taper tantrum," when Fed signals about withdrawing liquidity hit markets. 


Jul 07, 2017, 16:18 PM IST

Eurozone inflation falls to 1.3% in June

Consumer price inflation in the 19-nation single currency bloc fell to 1.3 percent from 1.4 percent in May and compared with 1.9 percent in April, the official Eurostat statistics agency said.

Jun 30, 2017, 15:26 PM IST

Italian PM 'guarantees' savers' accounts in 2 troubled banks

The government was expected to quickly hold a Cabinet meeting to decide about taking on the banks' deteriorated assets, a cost estimated at some 8 million-10 million euros (nearly USD 9 million-USD 11 million).

Jun 24, 2017, 18:23 PM IST

Euro zone stability risk contained but rising - ECB

Financial stability risks in the euro zone are contained but remain significant and have even increased in some areas over the past six months, the European Central Bank said in a regular stability review on Wednesday.

May 24, 2017, 14:22 PM IST

ECB leaves interest rates unchanged and bond buying intact

European Central bank governors on Thursday left key interest rates at historic lows and the ECB`s mass bond-buying programme in place, a spokesman said, in line with observers` expectations.

Apr 27, 2017, 17:37 PM IST

Eurozone economy hits 6-year high in April

The eurozone economy grew at its fastest pace in six years in April on the back of strong demand and "widespread optimism" about the outlook.

Apr 21, 2017, 14:40 PM IST

ECB guidance change could lead to undue market turbulence: minutes

The euro zone economy may be improving, but a change in the European Central Bank`s policy guidance could backfire.

Apr 06, 2017, 17:42 PM IST

ECB stands firm on stimulus, but says urgency eases

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 euro zone.

Mar 09, 2017, 21:31 PM IST

Cash no longer king? Swiss National Bank begs to differ

The Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems.

Feb 27, 2017, 18:14 PM IST

Relaxing bank regulation is the last thing we need: ECB's Draghi

Financial regulation since the global financial crisis underpins stability and the idea of relaxing bank rules is `very worrisome`, European Central Bank President Mario Draghi said on Monday.

Feb 06, 2017, 20:38 PM IST

ECB holds key interest rates at record lows as calls grow for stimulus exit

The European Central Bank left key interest rates and its mass bond-buying programme unchanged Thursday, at its first meeting of a year when the Frankfurt institution could become a political punching bag.

Jan 19, 2017, 21:45 PM IST