President Trump says ECB’s rate cut hurting US exports, blasts Fed
President Donald Trump on Thursday, Sept. 12, criticized central bank of Europe and the central bank of the United States, saying the latest rate cut by the European Central Bank (ECB) is hurting U.S. exports, while the Federal Reserve (Fed) just “sits, and sits.” “European Central Bank, acting quickly, Cuts Rates ...
European Central Bank holds firm despite weaker growth
The European Central Bank kept its level of support for the eurozone's slowing economy unchanged Thursday despite worries about Brexit, trade wars and weaker global growth. The bank's 25-member governing council did not later interest rate benchmarks or the brief policy statement containing promises that rates will not go up until ...
Interest rates could stay lower for longer in Europe
Multiple threats stalking Europe's economy mean the European Central Bank could keep interest rates at rock-bottom levels longer than expected, extending skimpy returns for savers — but supporting indebted companies and governments with low borrowing costs. Speculation about a possible longer path to the first rate increases in Europe since 2011 ...
The euro currency turns 20 years old on Tuesday
The euro survives two tumultuous decades to become the world’s number two currency
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