Monday, 24 June 2019

Tag Archives: European Central Bank

ECB seen taking tentative step to prop up ailing euro zone

FRANKFURT: The European Central Bank will slash growth forecasts on Thursday and is likely to provide its strongest signal yet that fresh stimulus is coming in the form of more cheap loans, hoping to stop an unexpected slowdown from becoming a downturn. With a global trade war and Brexit uncertainty ...

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ECB set to remove support as clouds gather

FRANKFURT: Policymakers at the European Central Bank will remove a key pillar of their support for the eurozone economy as planned, even while offering a gloomier outlook for the coming years, analysts expect. But with financial markets in turmoil over risks in Europe and beyond – from Brexit to an ...

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ECB launches real-time payments in challenge to tech giants

FRANKFURT: The European Central Bank will on Friday unveil the first pan-eurozone instant payment service, hoping to become a dominant player in a field crowded by US and Asian tech giants. The so-called TIPS system will allow consumers and businesses across the 19-nation euro area to send and receive money ...

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