European Central Bank

ECB bond-buying scheme faces new lawsuit in Germany

A group of German businessmen and academics are taking the European Central Bank to court over its controversial bond-buying programme, their lawyer said on Tuesday.

May 17, 2016, 23:08 PM IST

European Central Bank scraps 500-euro note

The European Central Bank on Wednesday said it would stop producing and issuing 500-euro banknotes, amid fears that the violet-coloured bills were favoured by criminals for money laundering and even terrorist financing.

May 04, 2016, 23:28 PM IST

Growth in eurozone private sector slows slightly: ECB

Growth of loans to the private sector in the euro area slowed slightly in March, European Central Bank data showed on Wednesday.

Apr 27, 2016, 15:33 PM IST

ECB keeps rates unchanged at record low as expected

The European Central Bank left interest rates unchanged as expected on Thursday, holding them at record lows as it prints money to lift the economy and raise inflation

Apr 21, 2016, 17:45 PM IST

Eurozone bank sector on mend, ECB survey shows

Europe`s battered financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday.

Apr 19, 2016, 17:17 PM IST

Eurozone bank sector on mend, ECB survey shows

Europe`s battered financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday.

Apr 19, 2016, 17:17 PM IST

Critical voices within ECB council over policy action, minutes show

Critical voices were raised within the European Central Bank`s governing council over some of the new stimulus measures rolled out at its last meeting, the minutes of that March meeting showed on Thursday. 

Apr 07, 2016, 19:41 PM IST

ECB's Draghi cautions future of global economy uncertain

The future of the global economy remains uncertain and there are questions about Europe`s ability to weather new shocks, the president of the European Central Bank said in its annual report on Thursday

Apr 07, 2016, 14:07 PM IST

Eurozone economic activity ticks up after sharp fall: Survey

Eurozone private sector business activity ticked up in March after a sharp fall in February, a closely watched survey showed Tuesday, but the outlook remains clouded.

Apr 05, 2016, 15:25 PM IST

Gold eases, but underpinned by weaker dollar

Spot gold eased on Monday, but found support from a weaker dollar as US and European central bank rhetoric turns more dovish, investors will search for further hints of easing in a week with few data releases to indicate whether years of loose monetary policy are having any material effect.

Mar 21, 2016, 09:54 AM IST

Mario Draghi, Germany draw daggers over ECB`s mega-stimulus

A simmering war between ECB chief Mario Draghi and Germany erupted into the open on Friday after the bank unleashed an unprecedented stock of ammunition to light a fire under chronically weak inflation. 

Mar 11, 2016, 23:53 PM IST

Battle to boost eurozone in doubt despite ECB bazooka

A long battle to avert deflation and jumpstart the 19-nation eurozone economy is far from over despite an unprecedented barrage of stimulus measures by the European Central Bank, analysts warn.

Mar 11, 2016, 23:50 PM IST

ECB fires off new volley of shots in eurozone`s anti-deflation battle

The European Central Bank on Thursday fired off a new volley of shots in its ongoing battle to avert deflation in the euro area and jumpstart economic recovery in the region. 

Mar 11, 2016, 01:43 AM IST

ECB delivers another adrenaline shot to eurozone economy

The European Central Bank brought out the heavy artillery Thursday to jumpstart the stalled eurozone economy, slashing already record-low interest rates, pumping massive new sums into the banking system and, for the first time, buying corporate bonds.

Mar 10, 2016, 22:56 PM IST

ECB cuts key rates, beefs up asset purchase programme

The European Central Bank on Thursday cut key interest rates and said it would spend tens of billions more to kickstart the chronically weak eurozone economy, sparking a sharp rally in stock markets.

Mar 10, 2016, 18:48 PM IST

ECB plays down effects of negative interest rates on banks

The European Central Bank on Wednesday sought to counter claims by eurozone banks that negative interest rates are hurting their profitability.

Mar 02, 2016, 17:33 PM IST

Market turmoil could hold back euro zone inflation: European Central Bank member

Europe`s financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Board member Benoit Coeure told a German newspaper on Saturday.

Feb 13, 2016, 15:57 PM IST

ECB to decide soon on fate of 500-euro banknotes: Board member

Authorities increasingly suspect that the notes are being used for illicit purposes, "an argument we cannot ignore given the importance of fighting money laundering and the financing of terrorism," Coeure said.

Feb 11, 2016, 18:48 PM IST

Eurozone unemployment falls to 4-year low in December: Eurostat

The Eurostat statistics agency said unemployment in the 19-nation eurozone dropped to 10.4 percent in December from 10.5 percent in November, its lowest rate since September 2011.

Feb 02, 2016, 18:48 PM IST

ECB holds key rates unchanged amid market volatility

The European Central Bank held its monetary policy steady at its first meeting of 2016 Thursday, but is expected to keep the door open for more stimulus later, in the face of recent financial market turmoil, analysts said.

Jan 21, 2016, 19:50 PM IST