Page 15 - European Central Bank

Coronavirus: ECB announces 750 bn euro pandemic emergency purchase scheme

The decision came after the bank's 25-member governing council held emergency talks by phone late into the evening.

Wall Street extends recent selloff, Dow all but erases 'Trump-bump'

Trump's request for Congress to approve $500 billion in cash payments to taxpayers along with $50 billion in loans for airlines did little to stem the rout

European Central Bank on back foot as Lagarde bungles coronavirus message

Lagarde also said the ECB's first consultation about its strategy review had been postponed by six months, which later turned out to be weeks.

ECB ramps up stimulus in coronavirus fight but stops short of rate cut

The ECB said it would give businesses more ultra-cheap loans, raise asset purchases and provide banks with capital relief

Facing recession, Europe expects stimulus measures from ECB ahead of meet

The world is facing a medical emergency that monetary and fiscal policy cannot fix, said Holger Schmieding, chief economist at Berenberg private bank

Coronavirus epidemic poses a bigger risk to economy: ECB's Philip Lane

"More widespread contagion and a longer interruption in normal economic activity constitute additional downside risks to near-term projections," Lane told an audience in London.

Abating uncertainties on trade, Brexit to help global growth: Lagarde

The US also expects the second phase of negotiations for a trade deal with China to begin soon

EU executive urges euro zone to use fiscal policy to help ECB create jobs

The Commission expects euro zone economic growth at 1.2% next year and in 2021, against 1.1% in 2019

Economy needs real reforms push

Moves like direct tax reform and actual divestment will send out the right signals

RBI among 26 global central banks that have been on a rate cutting spree

With the RBI's rate-setting meeting over, the attention now turns to the US Federal Reserve's (US Fed's) two-day policy meet that begins on December 11

First day on the job for European Central Bank chief Christine Lagarde

Lagarde takes office at a time when the ECB's governing council is divided as rarely before over its latest round of monetary stimulus.

'Never give up', outgoing ECB chief Draghi says on monetary policy legacy

'I've taken this as part and parcel of the ongoing debate and discussion,' he told reporters

Will govt meet its fiscal deficit target? Bond traders are too skeptical

The central bank in August already approved a record Rs 1.76 trillion ($24.4 billion) payout to the government

ECB cuts rates, restarts QE to fight slowdown as Draghi era ends

The announcement of a new stimulus package is a remarkable turn of events, just nine months after the ECB signaled it was done with ever-loser policy

ECB introduces Quantitative Easing from Nov 1 at 20 bn Euro/month

The ECB cut its deposit rate to a record low -0.5% from -0.4%

Asian stocks weaken as China's factory-gate prices fall sharply

The data pushed blue chip shares in China down 0.41 per cent, which, in turn, drove an index of Asian stocks outside of Japan 0.23 per cent lower

Deepening manufacturing slump puts Germany on the brink of recession

Economic momentum has stalled for the past year, and there are few signs the situation will improve any time soon

The decline of economists

Economists are losing out as governments, increasingly averse to independent-minded central bankers, are choosing to give the job to administrators instead

EU markets surge as investors believe Lagarde will embrace dovish policy

Government borrowing costs across the single-currency bloc tumbled to record lows and euro zone blue-chip stocks hit their highest in more than a year after Lagarde was appointed

Lagarde to succeed Mario Draghi as ECB chief amid weakening economy

In a statement, Lagarde said that she was "honored to have been nominated" and would temporarily relinquish her responsibilities at the IMF while EU lawmakers look to ratify her appointment