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The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.
The European Central Bank on Thursday confirmed a widely anticipated reduction in interest rates at its meeting in Frankfurt, Germany, despite lingering inflationary pressures in the 20-nation ...
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
ECB board members Axel A. Weber and Jürgen Stark resigned in protest at this policy, even if it helped prevent states from defaulting. IMF economist Pau Rabanal argued that Trichet "maintained a relatively expansionary monetary policy," but even "sacrificed the ECB's inflation target for the sake of greater economic growth and jobs creation ...
European Broadcasting Service (EBS) (Formerly Europe by Satellite) is the TV information service of the European Union which includes 2 TV channels: EBS and EBS+.Managed by the European Commission, it broadcasts images coming from all EU Institutions like the European Parliament, the European Council, the European Central Bank, the European Committee of the Regions, and the European Court of ...
Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting. ... The European Central Bank cut interest rates for the fourth time this year ...
President Donald Trump vowed Tuesday to keep up his campaign of “swift and unrelenting action” in reorienting the nation’s economy, immigration and foreign policy in an unyielding address to Congress and the nation that left Democratic legislators to register their dissent with stone faces, placards calling out “lies,” and one legislator’s ejection.
Outright Monetary Transactions (OMT) is a program of the European Central Bank under which the bank makes purchases ("outright transactions") in secondary, sovereign bond markets, under certain conditions, of bonds issued by Eurozone member-states.