European Central Bank
AYLESBURY, ENGLAND - MAY 10: (Front row L-R) Lew Jacob, U.S. Treasury Secretary, George Osborne Britain's Chancellor of the Exchequer, and Mervyn King, Governor of the Bank of England, react, as they take part in the family photo with Mark Carney, Governor of the Bank of Canada, (Top L) and Mario Draghi President of the European Central Bank (Top R), at the G7 finance ministers and central bank governors meeting on Friday May 10, 2013 in Aylesbury, England. The role of central banks in shoring up the global economic recovery is set to be a key point of discussion among top financial officials from the world's seven leading economies when they gather in the UK this weekend. In a statement Friday ahead of the Group of Seven's two-day meeting at a country house around 50 miles (80 kilometers) northwest of London, British finance minister George Osborne said the main task officials face over the coming two days is looking at how to 'nurture' the recovery.
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In the long run, euro prospects look poor, because the European Central Bank appears to be veering towards an asset purchasing programme of its own, which could have the potential to severely impact the value of the single currency against the US dollar and the pound
The European Central Bank doesn't have anything to worry about in relation to inflation
Our house view is that we expect another rate cut from the ECB (European Central Bank) and also a deposit rate cut into negative territory ... Another 15 basis points of widening in the next couple of weeks is feasible.More quotes »
Newsday's coverage
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Oil up again to near $95 ahead of US jobs data
to $94.60 a barrel in electronic trading on the New York Mercantile Exchange.The price rose sharply on Thursday as the European Central Bank cut its key interest rate to a new low and U.S. unemployment benefit claims dropped. The Nymex contract rose $2.96, Read more »
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Asia stocks rise on US jobs data
rose. New Zealand and Singapore fell.Markets in Japan were closed for a public holiday.An interest rate cut by the European Central Bank gave markets in Europe a small lift Thursday. The central bank, which sets interest rates for the 17 European Union countries Read more »
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Markets steady despite growing ECB rate cut talk
following a strong performance the previous session despite growing expectations of an interest rate reduction from the European Central Bank later this week.The expectation that the ECB will cut its main interest rate from the already all-time low of 0.75 Read more »
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Oil above $94 on US data, hope of EU rate cut
in March as their incomes went up. And pending home sales hit their highest level in three years. Traders also think the European Central Bank will cut its benchmark interest rate from the current record low of 0.75 percent to 0.50 percent, in a further attempt Read more »
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Oil rises to near $92 on central bank hopes
York Mercantile Exchange . Oil had its biggest daily gain since December on Wednesday, as speculation grew that the European Central Bank will cut interest rates next week. The contract jumped $2.25, or 2.5 percent, to finish at $91.43.Reports released this Read more »
Around the web
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Business news and markets: as it happened - Thursday, May 23
has shed 316.42 points to 14,507.72, also a 2.1pc slump. 16.41 AP is reporting on a speech made today by Benoit Coeure, a European Central Bank official. He is apparently calling for a swift creation of an agency with powers to restructure and wind down failed 1:07 PM from The Telegraph Read more »
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GLOBAL MARKETS-U.S. shares recover, but dollar extends losses
months. Demand for riskier euro zone debt softened, although bonds remained underpinned by expectations the European Central Bank may yet ease monetary policy further. That would contrast with any tightening by the Fed but follow a massive stimulus package 12:56 PM from Reuters Read more »
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Time to hit pause button on stock rally
shape is actually, in a twisted bad news is good sort of way, a positive thing for stocks. The Bank of Japan, the European Central Bank and that little outfit called the Federal Reserve will continue to do everything they can (oh, excuse me Signor Draghi, 12:50 PM from CNN/Money Read more »
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Ken Rogoff, Author Of Discredited Austerity Research, Angrily Blasts Keynesians
be more effective. His aversion to stimulus is an attitude that is widely shared in Europe, as demonstrated by the European Central Bank's plodding approach to monetary policy. That has helped make Europe's recession longer and more painful. It doesn't have 12:06 PM from The Huffington Post Read more »
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UPDATE 2-U.S. urges Europe to act to avert prolonged stagnation
low to counter some of the fiscal drag from Washington. That hasn't been the case in much of the euro zone, where the European Central Bank, or ECB, has struggled to pump credit into the region's weakest economies. Europe's woes have been a significant drag 12:03 PM from Reuters Mobile Read more »
