ecb

The euro zone economy may contract less this year than the European Central Bank had forecast and its recovery could also be quicker, the bank’s Survey of Professional Forecasters showed today.  The quarterly survey sees the economy shrinking by 8.3% this year. This marked a downgrade from its May projection for a 5.5% drop but a […]

The Central Bank has said recent actions by the ECB will release upwards of €20bn for Irish banks to borrow and potentially loan out in non-mortgage lending.  In an economic letter published today, the bank also says that actions like the Pandemic Emergency Purchase Programme (PEPP) will ensure that governments “can more easily issue debt to […]

The European Central Bank has asked euro zone banks to freeze dividend payments “until at least October 2020” to preserve liquidity that can be used to help households and companies through the coronavirus crisis. The Frankfurt institution also asked banks not to buy back shares, another tool to reward shareholders, at a time when policymakers […]

The European Central Bank has asked euro zone banks to freeze dividend payments “until at least October 2020” to preserve liquidity that can be used to help households and companies through the coronavirus crisis. The Frankfurt institution also asked banks not to buy back shares, another tool to reward shareholders, at a time when policymakers […]

European shares edged higher from near-seven year lows today as another set of dramatic stimulus measures by the European Central Bank injected a ray of hope around its preparedness to tackle a major health crisis gripping the world. The pan-European STOXX 600 index was up 0.5% in opening trade.  The European Central Bank joined peers […]

European shares edged higher from near-seven year lows today as another set of dramatic stimulus measures by the European Central Bank injected a ray of hope around its preparedness to tackle a major health crisis gripping the world. The pan-European STOXX 600 index was up 0.5% in opening trade.  The European Central Bank joined peers […]

European Central Bank President Christine Lagarde is set to launch a broad review of the bank’s policy today that is likely to see her redefine the ECB’s main goal and how to achieve it.  The ECB has fallen short of its inflation target of just under 2% for years despite increasingly aggressive stimulus measures under […]

ECB still has ammunition left to fight recession – Lane The European Central Bank’s policy arsenal has not been depleted and fiscal policy could help stimulate investment, the ECB’s incoming executive Board member Philip Lane has said. Investors fear the ECB’s window to potentially raise interest rates has closed, meaning it has little in its […]

ECB still has ammunition left to fight recession – Lane The European Central Bank’s policy arsenal has not been depleted and fiscal policy could help stimulate investment, the ECB’s incoming executive Board member Philip Lane has said. Investors fear the ECB’s window to potentially raise interest rates has closed, meaning it has little in its […]