Inflation in the euro area fell to 1% in July, its lowest level since 2016, according to Eurostat data released on Monday (19 August), adding pressure on the European Central Bank to consider relaunching its economic stimulus program in September.
The European Commission kept its growth forecast unchanged at 1.2% on Wednesday (10 July) but revised downwards inflation to 1.3% for this year and the next, strengthening the case for further monetary stimulus as global economic risks worsen.
The Bank of England looks set to raise interest rates on Thursday (2 August) to their highest level since the financial crisis, defying warnings that it is taking a gamble ahead of Brexit, the terms of which remain unclear.
After two years of recession caused by lower oil prices and western sanctions, Russia’s recovery benefits Vladimir Putin who is seeking a new term of office. However this improvement won’t last long without a structural reform. EURACTIV.fr reports.
European Central Bank governors are expected on Thursday (26 October) to begin weaning the eurozone off the high doses of support they prescribed in recent years but they remain far away from reaching their elusive inflation target.
Immigrants have made a large contribution to the working-age population of the eurozone since 2013 and are likely also boosting its labour force, particularly in Italy and Germany, the European Central Bank said.
The European Central Bank judged yesterday (10 April) that it had a successful 2016, claiming in its annual report that it had nurtured economic recovery and that it was the eurozone’s most successful post-crisis year.
Eurostar said on Thursday (2 March) that eurozone inflation surged to a four-year high in January, surpassing the European Central Bank's target of below, but close to 2% thanks to its monetary stimulus.
The European Central Bank (ECB) could soon start planning an exit from its unprecedented stimulus programme, one of its executive board members said yesterday (24 January), in a rare public discussion about ending its asset buying scheme.
European Central Bank (ECB) President Mario Draghi yesterday (19 January) announced the institution’s monetary policy would remain unchanged and asked for more patience as the economic recovery continues. EURACTIV Spain reports.
The European Central Bank faced a multi-pronged assault today (13 January) as former Italian Prime Minister Silvio Berluscon was revealed to have filed a case against the bank and Germany’s finance minister told it how to do its job.
The European Central Bank started buying corporate bonds on Wednesday, picking up utility, insurance and telecom papers, as part of its latest effort to revive rock-bottom inflation by getting companies to borrow and spend.
Discussions between central bankers often revolve around interest rates. But for the architects of the world's monetary policy, who met in Paris on Tuesday (12 January), ultra-low interest rates were the order of the day. EURACTIV France reports.
The European Central Bank is ready to take action next month to boost the euro zone economy if updated inflation forecasts merit it, its president said on Thursday, warning outsiders not to pressure the bank into action.
Eurozone unemployment is at a record high and consumer prices are being driven upward by volatile energy and food prices, data showed on Monday, underlining the fragility of the bloc's economic health.
The European Union's budget chief defended plans yesterday (20 April) to increase the bloc's spending by 4.9% next year, saying the proposal struck a balance between austerity and the need to boost growth.
The European Central Bank is under pressure to cut interest rates further at its board meeting next week, with eurozone inflation dropping below the "close to 2%" target and unemployment expected to hit the 10% mark in 2009 amid a worsening economic crisis.