Banks will return 7.91 billion euros ($10.71 billion) of crisis loans early to the European Central Bank next week, the ECB said on Friday, driving the amount of excess liquidity down and closer to the threshold where market interest rates could rise. By repaying the ECB’s crisis funds early, banks […]
Tag: European Central Bank
ECB holds rates as economy perks up
The European Central Bank left interest rates at a record low 0.5 percent on Thursday following signs of a tentative recovery in the euro zone economy. Its president, Mario Draghi, is expected to emphasize the message that rates will stay at record lows for an extended period at the news […]
ECB “looking carefully” at forward guidance: report
The European Central Bank is looking carefully at forward guidance but it is too early to say whether it will be used more extensively, executive member of the ECB’s executive board Benoît CÅ“uré told The Times. The method used by the U.S. Federal Reserve and being considered by Britain’s incoming […]
