Page 14 - European Central Bank

Inflation targeting is a stupid policy

In trying to increase by a fairly random amount an index of prices that they largely can't control, central banks couldn't have done much more harm

Europe's central bank moves toward introducing digital version of euro

With consumers increasingly using cashless ways to buy things, the European Central Bank on Friday took a step closer to issuing a digital version of the euro currency shared by 19 countries

European Central Bank takes a step closer toward introducing digital euro

The euro belongs to Europeans and our mission is to be its guardian, said Christine Lagarde, ECB President.

Lagarde makes case for aligning ECB's inflation strategy with US Fed

The ECB is widely expected to follow in the footsteps of the Fed, which said last month it would aim for inflation of 2% on average

West's central banks are undergoing a profound shift. RBI must not follow

Starting with the Fed, the West's central bankers are descending into a dangerous spiral of overconfidence. RBI has no such room for error

Covid-19: Banks get more capital relief as ECB wants stimulus to work

Banks will be temporarily allowed to tweak the math behind a financial strength metric known as the leverage ratio to their benefit by stripping out deposits held at central banks, the ECB said

Euro gains blunted stimulus boost to inflation, says Christine Lagarde

Lagarde's cautious remarks on Thursday, when the central bank kept its stimulus settings on hold, failed to stop the currency's gain

European Central Bank keeps policy unchanged, to take aim at strong euro

ECB President Christine Lagarde is expected to set the stage for more stimulus later

Gold prices at one-week high as weak dollar supports; ECB meet in focus

Spot gold was flat at $1,945.87 per ounce by 0307 GMT, after hitting its highest since Sept. 3 at $1,950.51 on Wednesday

Gold subdued on strong dollar; European Central Bank meeting in focus

Gold prices eased as the dollar strengthened, although rising doubts over the economic recovery from the Covid slump limited losses, with investors awaiting the outcome of the ECB meeting this week

No cause yet for European Central Bank alarm over euro strength

Since mid-May, the currency has risen nearly 10%versus the dollar and futures markets show it has drawn a record number of bullish bets

European Central Bank survey points to shallower recession, strong rebound

The euro zone economy may contract less this year than the European Central Bank had forecast and its recovery could also be quicker, the bank's Survey of Professional Forecasters showed

ECB split is brewing on President Lagarde's signature crisis-fighting tool

Governing Council members face a potential rift over how much their emergency bond-purchase program should stay weighted toward weaker countries

European stocks end higher as mood improves, Lufthansa jumps over 7%

The pan-European STOXX 600 closed up 0.7% after a choppy session with automakers, financial services, banks and insurers the top gainers, rising between 1.6% and 2.4%.

Warning of economic slump ahead, Lagarde urges EU to agree on stimulus plan

Now, they are divided over the size and terms of the recovery fund, which the Commission has suggested be split into two-thirds grants and one-third loans

ECB prepares more aid for euro zone economy to help Covid-induced recession

The ECB makes it clear it will do its part and the severity of the recession argues for earlier action

Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde

Lagarde said the actual outcome would be between the "medium and "severe" scenarios

Inflation should be managed carefully

It's one of those rare periods where deflation is also possible. The RBI may have to adjust money supply in either direction

The case for deeply negative interest rates

Such a policy, backed up by measures to prevent cash hoarding by financial firms, can solve many of today's problems

Justify stimulus programme is needed and appropriate, German court asks ECB

The programme faced objections from conservative German academics that it exceeds the bank's authority and violates a legal ban in the EU treaty on financing governments