European Central Bank holds out hope for growth rebound

Europe 05/23/19, 07:15

Top officials at the European Central Bank at their last meeting held on to their hopes for a return to stronger economic growth in the second half of the year even as they underlined their readiness to deploy more stimulus if needed.The written account of the April 10 meeting, released ...

European Central Bank ready to act if trouble hits economy

Europe 03/27/19, 04:39

The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, President Mario Draghi said Wednesday.Draghi told a conference that the bank would take "all the monetary policy actions that are necessary and proportionate" in addition to ...

Update: European Central Bank cuts growth forecasts

Business 03/07/19, 08:45

The Latest on the European Central Bank's monetary policy meeting (all times local):2:45 p.m.The European Central Bank has slashed its forecast for economic growth and inflation in the 19-country eurozone.It now expects growth of 1.1 percent this year, down sharply from its earlier forecast for 1.7 percent. Inflation is also ...

European Central Bank offers help to weakening economy

Europe 03/07/19, 07:54

The European Central Bank is taking steps to support a weakening economy, pushing back the earliest date of interest rate increases and announcing a new round of cheap loans to banks.The ECB said Thursday after its regular policy meeting that it would not raise rates until the end of this ...

ECB: Trade peace would remove big drag on eurozone growth

Europe 01/28/19, 10:21

European Central Bank head Mario Draghi says that much of the drag on the eurozone economy would ease if "clarity and peace" were to break out in the trade dispute between the U.S. and China.Draghi says ECB officials think the key factor is how long the various causes for slower ...

European Central Bank to end stimulus despite growth worries

Europe 12/13/18, 05:28

The European Central Bank is expected to halt the stimulus program that it deployed nearly four years ago to nurture a teetering eurozone economy back to health.Analysts say the bank is likely to confirm Thursday its plan to stop the program's monthly bond purchases at year end despite worries about ...

European banking chief: euro needs a central budget

Europe 11/26/18, 10:10

European Central Bank head Mario Draghi is renewing his pleas to fix flaws in the 19-country euro currency, urging European leaders to adopt a central spending capacity to buffer individual governments against financial crises.European Central Bank President Mario Draghi speeches during an Economic and Monetary Affairs meeting at the European ...

Eurozone central banker suggests rates could stay low longer

Europe 11/16/18, 05:40

The head of the European Central Bank indicated a first interest rate increase could be postponed if unexpected trouble strikes the 19 countries that use the euro as their currency.Mario Draghi warned in a speech Friday the current economic expansion remains "resilient" as unemployment continues to fall and consumers remain ...

A day after a rout, US stocks turn higher on solid earnings

Business 10/25/18, 10:08

Strong results from major companies including Microsoft, Visa and Comcast are sending U.S. stocks higher Thursday morning as the market found its footing after three weeks of steep declines.The S&P 500 index rose 1 percent. It plunged 9 percent since early this month as investors worried about climbing interest rates ...

European Central Bank sticks to plan to end stimulus

Europe 10/25/18, 07:56

The European Central Bank said Thursday it is staying on course to wrap up its 2.5 trillion euro ($2.85 trillion) stimulus program at the end of the year, even as risks from trade protectionism, Italian populist policies, and Brexit loom ever larger.The central bank for to the 19 countries that ...

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