ECB’s Visco says new stimulus was necessary to counter deflation risk
- 28-Sep-2019
European Central Bank policymaker Ignazio Visco said on Saturday recent expansionary measures agreed by the bank were necessary to counter the risk of a return to deflation in the euro area.
Christine Lagarde continues to break glass ceilings
- 03-Jul-2019
Christine Lagarde has made a career out of breaking glass ceilings in the halls of international finance and is now poised to break one more, leading the European Central Bank.
Eurozone growth at highest pace in six years: survey
- 21-Feb-2017
BRUSSELS: The eurozone economy grew at its fastest pace in six years in February, as all signs pointed to the recovery maintaining “strong momentum,” a closely watched surved showed Tuesday. Data monitoring company IHS Markit also said job creation in the 19-country eurozone recorded its best level for nearly a decade. It said its February […]
Eurozone inflation, jobless figures steady
- 31-Aug-2016
BRUSSELS, BELGIUM: Eurozone inflation and jobless data on Wednesday fell short of analyst forecasts as the economy bumps along amid speculation the European Central Bank will have to adopt more stimulus measures.
Days are numbered for 500-euro banknote
- 04-May-2016
FRANKFURT: The European Central Bank is set to decide on Wednesday the fate of the 500-euro banknote, which many people associate with money laundering, the black market and terrorist financing.
WTO cuts 2016 global trade forecast to 2.8%
- 07-Apr-2016
GENEVA: The World Trade Organization on Thursday revised its 2016 global trade forecast downward by more than one percentage point, warning that a slowdown in China and broad market volatility continued to threaten growth.
Eurozone jobless rate falls marginally, outlook uncertain
- 04-Apr-2016
BRUSSELS: The eurozone unemployment rate improved only marginally in February, official data showed Monday, stoking concerns the economy could be slowing after only a modest recovery.
Eurozone December unemployment falls to 4-year low: Eurostat
- 02-Feb-2016
BRUSSELS: Analysts had expected the December figure to be unchanged at 10.5 percent, taking into account the sharp slowdown in China and the huge turmoil on global financial markets.
Eurozone inflation picks up in January
- 29-Jan-2016
BRUSSELS: Eurozone inflation accelerated to 0.4 percent in January, from 0.2 percent the month before, official data showed Friday, suggesting European Central Bank efforts to boost the economy are finally bearing fruit.
Oil prices cast shadow over eurozone inflation outlook: ECB survey
- 22-Jan-2016
FRANKFURT: Falling oil prices are weighing on the outlook for inflation in the euro area this year, but the European Central Bank's stimulus measures and the gradual economic recovery will drive inflation higher again next year, an ECB survey showed on Friday.