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...
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...
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...
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...
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...
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...
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)....
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...
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...
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+”...
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...
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...
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....
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...
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...