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FRANKFURT: The European Central Bank (ECB) has cut all three of its interest rates and expanded its asset-buying programme, delivering a bigger-than-expected cocktail of actions to boost the economy and stop ultra low inflation becoming entrenched.
Xinhua, Sept 22 - The Chinese economy made a relatively swift recovery after bottoming out in the first quarter of the year due to the COVID-19 pandemic, according to an article published by the European Central Bank (ECB) on Monday.
TALLINN: The European Central Bank (ECB) kept its money taps wide open but dropped a reference to possible interest rate cuts, an unexpectedly hawkish move as eurozone growth accelerates.
BRUSSELS: Euro zone factory prices barely rose in October, echoing the slowing pace in consumer inflation, although the European Central Bank is expected to wait a little longer before cutting interest rates to help the slumping economy.
ROME: European Central Bank president Mario Draghi phoned Italian President Giorgio Napolitano after media reports that the 87-year-old head of state was planning to resign early to clear the way for new elections, newspapers reported yesterday.
FRANKFURT: Banks will pay back another 3.5 billion euros next week of the emergency 3-year loans they took from the European Central Bank a year ago, further deflating the ECB's balance sheet after they paid back a whopping 137 billion euros this week.