European Central Bank

FRANKFURT, Germany | European Central Bank keeps key interest rates, policy stance unchanged despite weaker growth

FRANKFURT, Germany—Jan 24, 2019— European Central Bank keeps key interest rates, policy stance unchanged despite weaker growth. By Associated Press

ROME | Italy government aids bank despite 5-Star bailout rhetoric

ROME —Jan 08, 2019— Italy’s populist government has stepped in to help guarantee struggling Banca Carige SpA, bending to pressure despite the ruling 5-Star Movement’s longtime anti-bank bailout rhetoric. In a statement, the government said it passed a decree late Monday that guarantees future bond issues and foresees the possibility of a precautionary public recapitalization. … Continue reading ROME | Italy government aids bank despite 5-Star bailout rhetoric

LONDON | Eurozone concerns mount as inflation dips and economy slows

LONDON  — Jan 04, 2019—Further signs of a cooldown in the eurozone economy emerged Friday, weighing on expectations that the European Central Bank will start raising interest rates this year. Inflation across the 19-country currency union fell in December to an eight-month low in the wake of the recent slump in oil prices. And a … Continue reading LONDON | Eurozone concerns mount as inflation dips and economy slows

LONDON | Falling oil prices push eurozone inflation to 8-month low

LONDON—Jan 04, 2019—Official figures show that falling oil prices reduced inflation in the 19-country eurozone in December to its lowest in eight months. Eurostat, the European Union‘s statistics agency, said consumer prices were up 1.6 percent in the year to December, down from the previous month’s 1.9 percent and the lowest since April. Analysts had … Continue reading LONDON | Falling oil prices push eurozone inflation to 8-month low

BERLIN | Clouds grow over German economy after stocks hit bear market

BERLIN— Worries are growing about the strength of the German economy, Europe’s largest, after a key indicator suggested fears about trade wars and Brexit are hitting business activity and after the country’s main stocks index slid into a bear market. The Ifo Institute said Tuesday its business confidence index dropped to 101.0 points for December … Continue reading BERLIN | Clouds grow over German economy after stocks hit bear market

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