Italy on the edge of default?
Italy’s debt has long been the Achilles’ heel of the euro area
European Central Bank
European Central Bank to raise interest rates for first time since 2011
Base rate to rise by 0.25% and quantitative easing to stop in July after ECB warns about inflation
Christine Lagarde appointed as head of ECB
European Union leaders confirmed the appointment of Christine Lagarde as the new chief of the European Central Bank, replacing Mario Draghi from November 1. Lagarde’s confirmation for a …
As Mario Draghi prepares to step down, his critics bashing his legacy
European Central Bank President Mario Draghi is heavily criticized right before his planned resignation, The Economist reported. Not long ago it was hard to find anyone with a bad word to say about …
European Central Bank's Website Hacked, Users' Data Potentially Compromised
One of the European Central Bank’s (ECB) websites have been hacked, leaving the data of 481 subscribers at risk of being leaked, the bank announced on Thursday. The hackers managed to breach ECB’s Integrated Reporting Dictionary …
Russia becomes leader in dumping dollar
Russia has became one of the main drivers in the process of dedollarization last year, the European Central Bank said in its June report on the strengthening of the role of the euro in the global economy. According to the authors of the …
Europe Could Face Economic Paralysis
The political fragmentation of Europe suggests that voters' decisions could contribute to a near-paralysis of EU institutions
European Central Bank joins global push to help economy
The European Central Bank is taking steps to support a weakening economy, pushing back the earliest date of interest rate increases and announcing a new round of cheap loans to banks
European Central Bank concerned by economic slowdown
Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be "deeper and more broad-based" than previously suspected
European Central Bank leaves refinancing rate unchanged
The European Central Bank left all its main rates unchanged, with its key refinancing rate remaining at 0% and the key deposit rate left at -0.4%. It said it expected "interest rates to remain at present or lower levels for …
European Central Bank leaves interest rates unchanged
The European Central Bank, as expected, left official interest rates unchanged on Thursday, MarketWatch reports. The bank's main lending rate, known as the refi rate, remains at 0%, while the rate paid on deposits left …
ECB leaves benchmark interest rate unchanged
The European Central Bank has left its benchmark interest rate on hold at zero. The ECB also held the rate on its marginal lending facility unchanged at 0.25% and the rate on the deposit facility steady at -0.4%. It's …
ECB holds its benchmark interest rate at zero
The European Central Bank (ECB) left its benchmark refinancing rate on hold at a record low of 0.0% on April 21st 2016. The marginal lending facility rate was kept at 0.25% and the bank deposit rate at minus 0.4%. Earlier …
Will European Central Bank help the ruble?
The European Central Bank's monetary stimulus measures provoked a sharp reaction from the stock and currency markets: the euro exchange rate rose and indexes dropped. The head of the regulator said about the expansion of the …
Euro becomes outsider among world's currencies in February
The euro is the world’s worst-performing major currency over the past month. It has depreciated close to 3% against the dollar since February 10. This is due to the fact that traders are preparing for further easing of …
Brent exceeds $33 per barrel
Oil prices continue to grow this morning. As of 07:49, the futures price for Brent crude oil rose 1.08% to $33.32 per barrel. At the same time, futures for WTI rose 0.71% to $32.42 per barrel. It is due to expectations of changes in the …
