ECB

Ben Stokes given nod to play in IPL

London - Muslimchronicle

England all-rounder Ben Stokes will be eligible to play in the Indian Premier League despite still waiting to hear if he will be charged over an incident last year. The 26-year-old has missed the ongoing Ashes series after being banned from international duty while police investigate his alleged role in a fight outside a nightclub in Bristol last September. But he receivedRead more

German inflation slumps in October

Washington - AFP

Inflation in Germany slid in October, official data showed Monday, underscoring the challenge of the European Central Bank reaching its price growth target. Prices increased 1.6 percent year-on-year in October, federal statistics authority Destatis said in preliminary figures, slightly short of forecasts from analysts surveyed by Factset. Measuring using the harmonised index of consumer prices, the ECB's preferred yardstick, producedRead more

Eurozone stocks retreat ahead of ECB meeting

London - Muslimchronicle

Eurozone stocks pulled back on Wednesday ahead of an ECB meeting likely to cut market stimulus, while a stronger pound hammered London's FTSE 100. Britain's GDP grew 0.4 percent in the third quarter, slightly outperforming expectations. The pound, which has been under pressure over suggestions that a hike in interest rates may be delayed, spiked after the positive GDP results,Read more

ECB's Draghi says stimulus won't 'stop suddenly'

Frankfurt - Muslimchronicle

European Central Bank president Mario Draghi on Thursday said the bank would not bring its massive bond-buying scheme to an abrupt end, reassuring markets as it took a first step towards scaling back extraordinary stimulus. "The decision today is for an open-ended programme," Draghi told reporters after the ECB announced it would halve its bond purchases to 30 billion eurosRead more

ECB to chart end to easy money

Frankfurt - Muslimchronicle

The ECB will announce a big reduction Thursday in its support to the eurozone economy, analysts predict, as it takes its first steps to wean the single currency area off the medicine that dragged it out of crisis. With healthy growth and sinking unemployment, central bankers are confident the single currency area can stand more fully on its own twoRead more

ECB plans tougher rules to slash bad loan risk

Frankfurt am Main - Muslimchronicle

The European Central Bank plans to toughen rules on how eurozone banks deal with the mountain of bad loans still burdening the sector, officials said Wednesday. Supervisors at the ECB, which took over as top regulator in the single currency area in 2014, want lenders to set aside cash to cover loans in default two years after they are identified,Read more

ECB slightly lowers 2018, 2019 inflation forecasts

Frankfurt am Main - Muslimchronicle

The European Central Bank on Thursday slightly lowered its inflation forecasts for the next two years, chief Mario Draghi said. Consumer prices are expected to rise by 1.2 percent in 2018, and by 1.5 percent in 2019, said the ECB, shaving 0.1 percentage points off each of the two forecasts. The bank kept its 2017 inflation projection unchanged at 1.5Read more

ECB to decide on next stimulus moves 'in autumn'

Frankfurt am Main - Muslimchronicle

The European Central Bank will lay out its next stimulus moves "this autumn", chief Mario Draghi said Thursday, as the bank moves closer to an exit from the era of cheap money. "This autumn we will decide on the calibration of our policy instruments beyond the end of the year, taking into account the expected path of inflation and theRead more

ECB lifts 2017 growth forecast to 2.2% from 1.9%

Frankfurt am Main - Muslimchronicle

The European Central Bank on Thursday significantly lifted its 2017 growth forecast for the eurozone from 1.9 percent to 2.2 percent, chief Mario Draghi said. The bank's projections for 2018 and 2019 remained unchanged from June, with staff pencilling in growth of 1.8 percent and 1.7 percent, respectively. source: AFPRead more

Eurozone inflation rises, unemployment at 8-yr low

Brussels - AFP

Eurozone inflation rose closer to the European Central Bank's 2.0 percent target in August confirming a tentative economic recovery in Europe, official EU figures showed Thursday. The fresh data will reinforce hopes that, despite uncertainty and the unknowns of Brexit, the eurozone is emerging from the worst of the financial crisis that began in 2008. Consumer prices in the 19-nationRead more