The European Central Bank is closer to lowering interest rates than at any time since it last cut them in July 2012 and is likely to shave a quarter-point off at its policy meeting next week. Senior sources involved in the deliberations say momentum is building for action to help […]
Tag: European Central Bank
European shares rise after Cyprus bailout deal
European shares rebounded and safe-haven German government bonds fell early on Monday after Cyprus clinched a last-ditch deal with lenders to bail out the debt-ridden island and avert a collapse of its banking system. In the early hours of Monday morning Cypriot policy-makers agreed a deal with the European Union, […]
Euro falls as the dollar gains for the week
For the day, euro slips a bit after ECB loan news, dollar edges up The euro slipped Friday, contributing to the currency’s losses against the U.S. dollar for the week, after the European Central Bank said commercial banks would pay back early a smaller-than-expected chunk of cheap three-year loans. The […]
