Tag: ECB – European Union

ECB council signs off on Lagarde as Draghi successor

FRANKFURT — The European Central Bank’s governing council has signed off on the nomination of International Monetary Fund head Christine Lagarde as the next head of Europe’s top monetary authority.The council on Thursday delivered its opinion, required under the appointment procedure enshrined
— Read on ca.finance.yahoo.com/news/ecb-council-signs-off-lagarde-092036575.html

Draghi Tests Legal Limits Again With Claim of QE Flexibility

(Bloomberg) — Mario Draghi is once again testing the boundaries of the law in his efforts to lift the euro zone out of its economic malaise.When the European Central Bank president promised last week to add monetary stimulus if the outlook doesn’t improve, he said one option is to resume large-scale
— Read on ca.finance.yahoo.com/news/draghi-tests-legal-limits-again-040010089.html

Guindos Says ECB Ready to Act If Euro-Area Economy Deteriorates – Bloomberg

European Central Bank Vice President Luis de Guindos said the outlook for the euro-area economy has deteriorated and policy makers are ready to provide additional monetary stimulus if needed.
— Read on www.bloomberg.com/news/articles/2019-06-20/guindos-says-ecb-is-prepared-to-act-if-situation-deteriorates

ECB Could Increase Stimulus Again If Needed, Villeroy Says

If the economy slams on the brakes, we could do more,” the Bank of France governor said Wednesday on television station CNEWS. Villeroy’s comments echo his colleagues at the ECB after a meeting last week when the central bank pledged to keep interest rates at record lows for longer and discussed reactivating
— Read on ca.finance.yahoo.com/news/ecb-could-increase-stimulus-again-073057169.html

Draghi Has 10 Days to Gauge Recovery for ECB Stimulus Decision

Economists at the ECB are preparing forecasts for President Mario Draghi to unveil next week that will show whether they still believe an upturn will materialize in the second half of the year. The Governing Council must then decide if it should yet again deploy any of its many tools — including a
— Read on ca.finance.yahoo.com/news/draghi-10-days-gauge-recovery-040000620.html

Euro Rises as Mainstream Europe Holds Populist Parties at Bay

(Bloomberg) — The euro rose, reversing an earlier decline, as initial exit polls showed mainstream European Union parties held their ground against populists in elections for the bloc’s Parliament.
— Read on ca.finance.yahoo.com/news/euro-rises-mainstream-europe-holds-214645196.html

ECB Policy Maker Sees Economic Upturn Intact Before June Meeting

The euro-area economy remains on track with European Central Bank projections that foresee an upturn later this year, policy maker Bostjan Vasle said. The ECB is gearing up for a meeting in Lithuania in two weeks that will include updates to its forecasts and discussions over how generous to make a
— Read on ca.finance.yahoo.com/news/ecb-policy-maker-sees-economic-040011394.html