ECB Takes The Road Less Traveled
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The Bank of England cut interest rates, but Brussels is maintaining a tight-money policy -- for now.
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The European Central Bank is sounding markedly more confident these days than it had earlier this year about the economic recovery in the 12 countries that use the euro.
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LONDON, Feb 10 -  - The extent of Europe's infection from the U.S. subprime mortgage virus is becoming clearer, even as the European Central Bank faces down calls for it to follow U.S. and UK counterparts by cutting interest rates.
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There's no need to feel down when down markets hit.
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LONDON  - The euro steadied just below the 1.30 dollar mark as the markets positioned themselves for this weekend&#39;s G20 meeting of finance ministers and central bankers in Berlin.
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The European Central Bank left intact its main interest rate at 4 percent, stepping away from a threat to raise rates, as the Bank of England cut its benchmark rate by a quarter-point, to 5.25 percent.
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The pound and the euro showed little reaction as both the Bank of England and the European Central Bank elected to leave interest rates unchanged this month, as expected.
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The European Central Bank (ECB) is confident of a continuing gradual recovery in the eurozone area despite rising oil prices, ECB president Jean-Claude Trichet said in an interview with French magazine L&#39;Express on Monday.
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THE Bank of England left its key interest rate at 4.75 per cent yesterday, a decision that was widely expected, after a raft of data that showed the economy was cooling down.
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The economy of the 12 nations sharing the euro grew at the slowest pace in more than a year in the third quarter as record oil prices crimped global demand, prompting the European Commission
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The European Central Bank has left its key interest rate unchanged, taking more time to gauge the effect of soaring oil prices on the inflationary outlook and slow economic recovery.
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LONDON, November 4  - European Central Bank (ECB) has kept its benchmark interest rate unchanged at 2% for the 17th consecutive month.
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Tuesdayâs report said the Chinese had made strides in revaluing their currency, but that the progress was âconsiderably less than is needed.â
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Good news has been in short supply for Europe&#39;s traditional industrial economies like Germany and France. Growth remains weak, unemployment high, labor markets are still rigid and the euro is soaring, pricing their exports out of the market.
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The sharp economic slowdown in the eurozone shown in the latest growth figures was of a &quot;one-off, temporary nature&quot; and growth will rebound to an annual rate
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The move today by China's central bank was the boldest so far aimed at guiding a heated economy onto a path of slower growth.
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The European Central Bank (ECB) keeps eurozone interest rates on hold at 4% following its latest meeting.