Search Result

Departing Draghi leaves divided ECB to Lagarde

Departing European Central Bank President Mario Draghi will leave a conflicting legacy after chairing his final governing council meeting on Thursday.

Former Draghi lieutenant appeals for calm in ECB stimulus row

Former European Central Bank Chief Economist Peter Praet appealed for calm in an increasingly bitter row over monetary policy that threatens to mar President Mario Draghi’s final weeks in office.

ECB cuts deposit rate, restarts asset purchase program

The European Central Bank (ECB) announced its key policy decisions to cut the deposit rate by 10 basis points to minus 0.50 percent and to restart net purchases under its asset purchase program (APP) at a monthly pace of 20 billion euros (about $21.9 billion) as from Nov. 1.

ECB hopefuls offer policy remedies for bloc’s stuttering economy

The eurozone’s economic downturn is proving a boon for policymakers who are jostling to succeed Mario Draghi at the bloc’s central bank — offering them an opportunity to tout favored policy proposals and burnish their credentials for the job.

ECB's Draghi worried about Fed's independence

European Central Bank President Mario Draghi expressed concern on Saturday about the US Federal Reserve’s independence, warning that a loss of its autonomy could undermine the credibility of policy.

Pity for Draghi mounts in despair at Europe’s inaction on growth

Economists gathered at an epicenter of Europe’s slowdown said there’s increasing urgency for political action to foster growth and shift the burden from the region’s monetary officials.

The ECB’s bond-buying program was a flop

European Central Bank President Mario Draghi has declared that eurozone economic growth is on a steady course and that the risk of deflation is fading, allowing the central bank to phase out its bond-purchase program by the end of December.

Draghi is pressing ahead with rate hike in 2019 despite risks

Mario Draghi will only just manage to raise interest rates before his terms ends in October 2019 amid continued risks from US tariffs and Italian politics, according to a Bloomberg survey of economists.

European Central Bank says rates will remain low for months

The European Central Bank is stressing that interest rates will stay low well into next year even as the US Federal Reserve is expected to keep raising rates in coming months.

Draghi reiterates monetary policy while emphasizing importance of unified european union

Overall, it was a ‘cheerleading’ speech with Draghi emphasizing the accomplishments of the ECB and the importance of the European Union unifying against the threat of increased protectionism in order to promote economic prosperity.

EU parliament head raps Draghi over bad loan guidelines

The European Central Bank must involve the European Parliament in the decision-making process about new guidelines for bank bad loans, the head of the parliament told ECB President Mario Draghi in a letter published by the Italian press on Tuesday.

ECB to play for time as pressure grows on easy money

The European Central Bank will prefer to play for time and seek to calm financial markets than sketch out the exit from its easy-money policy at its Thursday meeting, analysts agree.

Euro gets boost from ECB's Draghi

The euro rose after European Central Bank chief Mario Draghi's comments bolstered the single currency even as interest rates were kept low again.

Draghi: Eurozone recovery gathering pace

European Central Bank (ECB) head Mario Draghi has said the eurozone's economic recovery is 'increasingly solid' and faces fewer risks.

Draghi: Eurozone recovery on track

The recovery of the eurozone's economy will stay on track this year although heightened political uncertainty around the globe is likely to persist, the president of the European Central Bank (ECB) said in its annual report.