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"European Central Bank" tag
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European Central Bank raises interest rates amid inflation

The bank has ended an era of negative interest rates with a higher-than-expected hike. The move could put a brake on rising prices but might also dampen economic growth. The European Central Bank on Thursday raised its key...

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As inflation bites, ECB may increase interest rate in july

The European Central Bank has left the interest rate unchanged but indicated that it will rise in July — the first hike since 2011. It is also halting a program which ultimately amounts to printing...

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Christine Lagarde’s first speech as ECB chief: The main points

The ECB’s new president has urged European countries to invest and innovate as concerns of an economic slowdown intensify. She warned that export growth could no longer be relied upon to boost growth. The eurozone...

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EU minting more coins for a cashless world

Even though a lot of the world is headed toward cashless payment, the central banks in the 19-nation eurozone keep minting small denomination coins by the ton. What’s behind this old habit? With more than...

German blue-chip DAX index breaks 8,000-point mark

Germany’s blue-chip DAX has surpassed the 8,000-point mark as both big and small investors grow more confident with global economic prospects. The index looks set to rise even higher this year. Germany’s DAX index comprising...

ECB holds interest rates at Slovenia meeting

The European Central Bank (ECB) has decided to keep its main refinancing rate unchanged in a bid to calm markets. But the focus really has been on when exactly its bond-buying program will get off...