Tuesday, 17 May 2022

Tag Archives: European Central Bank

ECB’s easing measures work best in a package

FRANKFURT: The European Central Bank can provide stimulus through a number of instruments but they work best in a package, Finnish central bank chief Olli Rehn told the Eurofi Magazine. “We can push the policy rate into negative territory, employ forward guidance on the future policy path, purchase a significant ...

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Facebook’s Libra currency under fire

LONDON (AFP) – Facebook’s planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as well. One theme – besides Brexit – dominated discussion among the movers and shakers from London’s financial technology or FinTech industry as ...

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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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