The eurozone economy keeps slowing — forecasts are regularly proving to be too optimistic. After its latest cut to GDP estimates, the European Central Bank now sees gross domestic product growing 1.1% this year and 1.2% in 2020, compared with projections issued in June for 1.2% GDP in 2019 andRead More →
Unemployment in the eurozone declined to 7.4% in September, its lowest level since August, 2008, the EU’s statistics institute Eurostat said Monday. But this good news about the European economy helps underline the predicament the European Central Bank has long struggled with: the persistent low level of inflation. The ECBRead More →
Reuters European Central Bank (ECB) President Mario Draghi speaks at a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, September 12, 2019. Not everyone’s a fan of the European Central Bank’s package of easing measures delivered Thursday. The German tabloid Bild put aRead More →
AFP/Getty Images Mario Draghi Over to you, Mario Draghi. After hints of a potential rate cut by Federal Reserve Chairman Jerome Powell and indications that easier policy may be in the offing by Australia’s top monetary policy maker earlier this week, the European Central Bank president is also widely expectedRead More →
Economic weakness and uncertainty abroad have bucked up dollars over the past week and year, a trend that is likely to continue, despite a dovish pivot from Federal Reserve, said strategists at Bank of America Merrill Lynch in a recent note. “A puzzle in the FX market this year isRead More →
The euro on Thursday fell to its lowest level versus the dollar in four months after the European Central Bank said its ultralow interest rates until after the end of the year — an extension from before — and said a new long-term refinancing program for eurozone banks was coming.Read More →
Europe’s markets were down on Wednesday, as escalating geopolitical tensions between Pakistan and India heightened investor fears. Markets were also waiting for the second summit between President Donald Trump and North Korean leader Kim Jong Un to kick off in Vietnam’s capital. Metro Bank PLC tumbled by 20%. How areRead More →
