European Central Bank
European Central Bank Articles
ThinkstockThe European Central Bank has kept its interest rates unchanged. Its statement is as follows: At today’s meeting the Governing Council of the ECB decided that the interest rate on the...
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ThinkstockThe Greek government’s statistical agency this morning reported that the country’s unemployment rate in August rose to 25.4%, from 24.8% in July and 18.4% in August of 2011. Among those...
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ThinkstockTo virtually no one’s surprise, the European Central Bank (ECB) this morning announced that it will leave its key interest rate unchanged at a record low of 0.75%. Now everyone will wait...
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thinkstockThe European Central Bank has decided to leave interest rates unchanged. This means that the refinance rate will remain at 0.75%. Today’s statement from the monetary policy decisions...
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The Europeans finally have agreed on something. There will be one bank supervisor for the region as early as next year. While the decision may be a step forward, it is not entirely clear what it...
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German Chancellor Angela Merkel and French President Francois Hollande met briefly today before a summit meeting of eurozone leaders to discuss the role of the banking supervisor that is to be...
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Fitch Ratings today bestowed a ‘AAA’ rating on the European Stability Mechanism (ESM) that began its operations today and replaced the temporary European Financial Stability Fund (EFSF)....
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The European Central Bank (ECB) this morning announced that it would leave its benchmark interest rate at 0.75%. ECB President Mario Draghi also said in his monthly press conference that the proposed...
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The Monetary Policy Committee of the Bank of England this morning announced that it will leave its policy lending rate at 0.5% and that it will continue its asset purchase program at the current...
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Fitch Ratings has taken away another “AAA” rating. The ratings firm has now downgraded the Council of Europe Development Bank’s Long-Term foreign currency Issuer Default Rating to “AA+”...
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A report from the so-called ‘troika’ — the European Commission, the European Central Bank, and the International Monetary Fund — on Greece’s ability to repay its debt may be delayed until...
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The bickering over the structure that banks and sovereign bailouts should take continues among Europe’s leaders. As a meeting of the finance ministers of the region ended, two critical issues...
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In its Monthly Bulletin published today, the European Central Bank (ECB) goes about explaining why its decision to begin buying eurozone sovereign debt in the secondary market was the right decision....
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The Bank of England this morning announced that it would leave its policy lending rate unchanged at 0.5%, the same level it has been on since March of 2009. The bank also left its bond-buying program...
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At its meeting today in advance of tomorrow’s scheduled announcement of yet another plan to save the eurozone’s banking system, the European Central Bank (ECB) will discuss a plan put forward by...
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