FRANKFURT The European Central Bank kept policy unchanged as expected on Thursday, staying on track to end bond purchases this year and raise interest rates next autumn, even as it warned that risks from protectionism were gaining prominence. | Video
FRANKFURT, Sept 13 The European Central Bank is
all but certain to keep policy unaltered on Thursday, making
only nuanced changes to its guidance to stay on course to end
bond purchases this year and raise interest rates next autumn.
FRANKFURT/ROME Italy is unlikely to get one of its own appointed as the next head of Europe's banking watchdog, sources say, diminishing Rome's chances of retaining its influence over the European Central Bank once ECB chief Mario Draghi steps down next year.
FRANKFURT Germany is backing Irishwoman Sharon Donnery as the next chief of the European Central Bank's banking watchdog, hoping she will be tough on tackling bad loans in countries such as Italy, a source familiar with the Berlin government's thinking said.
FRANKFURT The European Central Bank's president backed investor expectations for a rate hike in October 2019, saying on Thursday the risks from an unpredictable global trade conflict did not warrant any deviation from its plan now. | Video
FRANKFURT, July 26 The European Central Bank is
all but certain to keep policy on hold on Thursday, arguing that
the risks from an amplifying global trade conflict don't warrant
a deviation from its plan to gently exit its easy-money policy
of the last few years.
FRANKFURT French banks won a landmark court victory against the European Central Bank on Friday, giving them an exemption from holding capital against customer deposits parked with a state-owned fund.
FRANKFURT The European Central Bank will keep rates at a record low for as long as needed to raise inflation, and its interest rate guidance should be seen as "open-ended", policymakers concluded in June, according to minutes of their meeting published on Thursday.
FRANKFURT, July 12 Euro zone interest rates will
remain at their current level for as long as needed to raise
inflation and the European Central Bank's guidance should be
seen as "open-ended", ECB policymakers concluded in June
according to minutes of their meeting published on Thursday.
FRANKFURT European Central Bank supervisors will give euro zone banks extra time to set cash aside against their bad loans if their pile of soured debt is particularly high, the ECB said on Wednesday.