Some euro zone banks are restricting lending to boost their performance in financial stress tests this year, a member of the European Central Bank’s (ECB) governing council said on Friday. The ECB will publish health tests of Europe’s biggest banks before it takes over their supervision in November and there […]
Tag: European Central Bank
ECB holds rates, assesses inflation ‘danger zone’
The European Central Bank left interest rates at a record low on Thursday, holding off fresh action for now while it assesses whether it needs to respond to cost-of-living numbers weak enough to raise concerns about deflation. The decision to hold the main rate at 0.25 percent, which was widely […]
Euro rises to more than two-year high; yen falls
The euro jumped to its strongest level against the dollar in more than two years on Friday as banks adjusted positions for the year end, while the yen hit five-year lows for a second straight session. The dollar was broadly weaker against European currencies, including sterling and the Swiss franc. […]
