ECB sees gradual recovery in eurozone area
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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 pound rebounded against the euro on Wednesday after a senior eurozone banker indicated that the European Central Bank might consider sharp cuts in interest rates.
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European Central Bank (ECB) Governing Council member Christian Noyer said in an interview released on Sunday euro zone growth might be weaker than hoped as a result of market turmoil but he saw no "big setback".
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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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The European Central Bank meets Thursday to decide how best to guide the 13-nation euro zone through a storm of market volatility, with many analysts believing it will opt to keep interest rates on hold for now.
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BRUSSELS, Belgium -- The euro zone continues to experience a jobless recovery, with no indication that new jobs are being created after more than a year of generally sluggish economic growth.
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Inflation rates in Europe are unlikely to fall below the European Central Bank&#39;s 2 percent target for the rest of the year because of high oil prices, ECB board member Ottmar Issing said Sunday.
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A top European Union (EU) economic official said on Monday that the current level of the euro against the US dollar posed no threat to the eurozone economic recovery.
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FRANKFURT - The European Central Bank held interest rates steady as expected on Thursday for the 17th month in a row, uncertain about how resilient the euro zone economy will prove to a strong currency and high oil prices.
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The action by the European bank eases conditions in credit markets that are grappling with a lending squeeze linked to the U.S. housing downturn and traditional year-end demands for cash.
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Financial market turbulence should have only a limited impact on euro-zone growth, European Central Bank policymakers said at weekend meetings of global financial officials in Washington.
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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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The European Central Bank council meets to set interest rate policy Thursday, amid expectation that it will keep its key rate steady, as it awaits solid evidence the continent's economic recovery has firmed up.
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Data to be released this week are expected to confirm that the eurozone's economic recovery is fueled by strong export demand, not consumption or investment, and that Britain's industrial sector is gaining steam, analysts said.
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Germany&#39;s economy is still on the mend despite an unexpectedly sharp slowdown in growth over the summer, the country&#39;s central bank said Monday, predicting that exports would rise in the fourth quarter even as the euro soars.
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European equities firmed slightly on  Friday while euro zone bond yields slipped after U.S.  second-quarter gross domestic product data, which rose in line  with economists' forecasts.
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The eurozone economy is on course for growth next year of about 2.0 percent despite the euro's record-breaking rally against the dollar, the European Union's executive arm revealed.