ECB cuts rates, restarts bond-buying program
The central bank announced new stimulus on Thursday
- September 12, 2019 September 12, 2019
- 10:18
The central bank announced new stimulus on Thursday
The central bank also indicated it's considering a new round of bond-buying stimulus
The bank's next policy meeting is on Thursday
ECB head Mario Draghi said the bank was ready "to adjust all of its instruments'' in case of unexpected trouble
With interest rates at record lows, a downturn could make it hard to stimulate the economy
The central bank left its key interest rates unchanged this week
But don't expect interest rate hikes until well into 2019, the central bank says
The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary stimulus settings unchanged at a meeting Thursday […]
The European Central Bank has decided to phase out the bond-buying stimulus program credited with helping the 19 countries that use the euro recover from the Great Recession and eurozone debt crisis. The bank said Thursday that the stimulus program’s bond purchases would be reduced to 15 billion euros (US$17.7 billion) a month, from the […]
Deutsche Bank posted a 2017 loss of 497 million euros (US$627 million) on Friday