European Central Bank

ANKARA, Turkey | The Latest: Erdogan appeals for calm, currency drops further

ANKARA, Turkey  — The Latest on Turkey’s financial turmoil (all times local): 3:05 p.m. Turkish President Recep Tayyip Erdogan is appealing for calm as the country’s currency plunges, urging people to change foreign money into local lira. The lira tumbled about 10 percent on Friday to another record low as investors worry about Erdogan’s unorthodox … Continue reading ANKARA, Turkey | The Latest: Erdogan appeals for calm, currency drops further

ANKARA, Turkey | The Latest: Euro sags on concern over impact from Turkey

ANKARA, Turkey  — The Latest on Turkey’s financial turmoil (all times local): 11:40 a.m. The euro sagged to a 13-month low against the dollar amid worries about the impact of financial market turmoil in Turkey. The 19-country currency fell 0.7 percent to trade at $1.1450 in morning trading in Europe. The dollar, which traders buy … Continue reading ANKARA, Turkey | The Latest: Euro sags on concern over impact from Turkey

LONDON | UK central bank raises interest rates despite Brexit worries

LONDON  — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed conflicting signs about the economy and growing concerns about Brexit. The bank’s nine-member Monetary Policy Committee voted unanimously to raise the rate from 0.50 percent to 0.75 percent, the highest … Continue reading LONDON | UK central bank raises interest rates despite Brexit worries

FRANKFURT, Germany | European economy slows amid trade fears

FRANKFURT, Germany — Europe’s economy slowed further in the second quarter amid concerns over global trade disputes, official figures showed Tuesday. Growth in the 19 countries that use the euro currency eased to a quarterly rate of 0.3 percent, weaker than markets had expected and down from 0.4 percent in the first quarter. Fear that … Continue reading FRANKFURT, Germany | European economy slows amid trade fears

FRANKFURT, Germany | European Central Bank says rates will remain low for months

FRANKFURT, Germany — The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary stimulus settings unchanged at … Continue reading FRANKFURT, Germany | European Central Bank says rates will remain low for months

SINGAPORE | World stocks mixed ahead of ECB meeting

SINGAPORE — World markets are mixed ahead of a European Central Bank policy meeting. Asian share benchmarks were mixed on concerns that easing tensions between the U.S. and Europe could bode ill for a compromise with Beijing over trade. KEEPING SCORE: Britain’s FTSE 100 was less than 0.1 percent lower at 7,656.04 while France’s CAC … Continue reading SINGAPORE | World stocks mixed ahead of ECB meeting

FRANKFURT, Germany | ECB head Draghi: Trade protectionism is main risk to economy

FRANKFURT, Germany— European Central Bank head Mario Draghi says that new trade barriers are the main risk to Europe’s economy and that it’s up to the EU to “lead by example” by supporting economic openness. Draghi told the European parliament Monday that the bank had decided to phase out its 2.4 trillion-euro, three-year bond purchase … Continue reading FRANKFURT, Germany | ECB head Draghi: Trade protectionism is main risk to economy

FRANKFURT, Germany | European Central Bank to weigh end to stimulus program

FRANKFURT, Germany — The European Central Bank is meeting to discuss when and how to end its bond-buying stimulus program, an exit that will have far-reaching consequences across the economy. The bank, which sets monetary policy for the 19 countries that use the euro, has been buying 30 billion euros ($35.5 billion) a month in … Continue reading FRANKFURT, Germany | European Central Bank to weigh end to stimulus program