The collective economy of the 20 countries sharing the euro currency grew 0.4 percent in the third quarter, twice the speed of the 0.2-percent gain in the second quarter, according to official data.
Tag: ECB
Post
CENTRAL BANKS: A RACE TO THE BOTTOM, MASS CURRENCY DEVALUATION
Just this past week, both the European Central Bank and the Canadian Central Bank, which is also known as the Bank of Canada, cut rates. Both the ECB and the CCB, made their move to cut rates following a move by the Swiss National Bank.
Post
PRESSURE ON ECB TO CUT RATE GROWS AS LOAN DEMAND SLUMPS
Reporting a “substantial” drop in applications for loans, Eurozone banks are pressing the European Central Bank (ECB) to cut its interest rate from a record 4 percent, where it has held since last September.
Post
ECB LEAVES RATE UNCHANGED, SIGNALS JUNE CUT
The European Central Bank’s (ECB’s) governing council left the bank’s base interest rate at a record 4 percent at its meeting last week and gave a strong indication that it will cut the rate when it convenes again on 6 June.
Post
ECB HOLDS INTEREST RATES FIRM
At its meeting last week, the governing council of the European Central Bank (ECB) left the bank’s key interest rate at a record high of 4.50 percent and indicated the rate will not fall before June.
Post
BLOCKCHAIN BATTLES
The European Union is following in the footsteps of China in the issuance of a digital currency that will monitor and exert control over commercial interactions of citizens there in unprecedented ways.
Post
SO FAR, JOBS ARE SAFE FROM AI BUT WAGES AREN’T, ECB SAYS
To date, the widespread adoption of AI by European businesses has created more jobs than it has eliminated, especially for younger workers, a study by the European Central Bank (ECB) has found.
Post
EUROPE’S INTEREST RATES WILL STAY HIGH, CENTRAL BANKS SAY
Top-line inflation in Europe is easing, but central bankers are warning they do not expect to cut interest rates any time soon.
Post
EUROZONE UNEMPLOYMENT JUMPS IN SEPTEMBER
In September, 69,000 workers lost their jobs in the 20-nation Eurozone, nudging the jobless rate to 6.5 percent. More than 11 million people across the region are now out of work, 165,000 more than a year earlier, the Financial Times reported.
Post
EUROPEAN CENTRAL BANK FREEZES INTEREST RATE
At its meeting on 26 October, the governing council of the European Central Bank (ECB) ended its streak of 10 consecutive interest rate hikes, leaving its deposit rate at 4 percent, its highest since the euro currency was launched on 1 January, 1999.