European Central Bank

FRANKFURT, Germany | The Latest: Low rates expected to support European economy

FRANKFURT, Germany— The Latest on the European Central Bank’s monetary policy meeting (all times local): 2:55 p.m. European Central Bank President Mario Draghi says strong domestic demand and low interest rates are supporting the economy in Europe despite a recent moderation in growth. Draghi said at a news conference Thursday that “the underlying strength of … Continue reading FRANKFURT, Germany | The Latest: Low rates expected to support European economy

LONDON | Eurozone inflation eases as oil prices slump

LONDON — The recent fall in oil prices has pushed down inflation across the 19-country eurozone, official figures showed Friday in a development that makes it even less likely that the European Central Bank will start raising interest rates anytime soon. Eurostat, the European Union’s statistics office, says consumer prices rose 2 percent in the … Continue reading LONDON | Eurozone inflation eases as oil prices slump

BRUSSELS | Eurozone inflation eases after fall in oil prices

BRUSSELS — Official figures show that the recent fall in oil prices has pushed down inflation across the 19-country eurozone. Eurostat, the European Union’s statistics office, says consumer prices rose 2 percent in the year to November, down from 2.2 percent the previous month. The main reason behind the fall appears to be a waning … Continue reading BRUSSELS | Eurozone inflation eases after fall in oil prices

FRANKFURT, Germany | European banking chief: euro needs a central budget

FRANKFURT, Germany  — The head of the European Central Bank is renewing his pleas to fix flaws in the 19-country euro currency, urging European leaders to adopt a central spending pot to buffer individual governments against financial crises. Mario Draghi said Monday in the European Parliament that “the euro area needs a fiscal instrument” to … Continue reading FRANKFURT, Germany | European banking chief: euro needs a central budget

FRANKFURT, Germany | Eurozone central banker suggests rates could stay low longer

FRANKFURT, Germany — The head of the European Central Bank indicated a first interest rate increase could be postponed if unexpected trouble strikes the 19 countries that use the euro as their currency. Mario Draghi warned in a speech Friday the current economic expansion remains “resilient” as unemployment continues to fall and consumers remain willing … Continue reading FRANKFURT, Germany | Eurozone central banker suggests rates could stay low longer

FRANKFURT, Germany | Unclear whether digital revolution lowers prices – survey

FRANKFURT, Germany  — A new survey suggests the digital technologies sweeping through the corporate world could mean some job losses at big companies, but it’s unclear what impact they will have on consumer prices. Retailers told the European Central Bank, which carried out the survey, that e-commerce should lower prices for shoppers. But producers of … Continue reading FRANKFURT, Germany | Unclear whether digital revolution lowers prices – survey

FRANKFURT, Germany | Digital revolution may not make goods cheaper – survey

FRANKFURT, Germany — A new survey suggests the digital technologies sweeping through the corporate world could mean some job losses at big companies, but it’s unclear what impact they will have on consumer prices. Retailers told the European Central Bank, which carried out the survey, that e-commerce should lower prices for shoppers. But producers of … Continue reading FRANKFURT, Germany | Digital revolution may not make goods cheaper – survey