Latest European Central Bank News

European Central Bank confident in plan to remove stimulus

Oct. 11, 2018 8:43 AM EDT

FRANKFURT, Germany (AP) — Top European Central Bank officials expressed confidence at their last meeting that inflation is trending toward levels consistent with a strong economy — more confirmation that their 2.5 trillion-euro ($2.9 trillion) stimulus program will cease at year end. The written...

Underlying inflation in eurozone remains stubbornly low

Sep. 28, 2018 5:58 AM EDT

LONDON (AP) — Underlying inflation across the 19-country eurozone remains stubbornly low, official figures showed Friday, in what is likely to be a disappointment to policymakers at the European Central Bank who have been predicting a pick-up. Statistics agency Eurostat said Friday that the core rate of...

China cuts some tariffs _ but does not address US complaints

Sep. 26, 2018 12:18 PM EDT

BEIJING (AP) — China announced more tariff cuts Wednesday on imports of construction machinery and other goods, but took no action to address the U.S. complaints about its technology policy that are fueling an escalating trade battle. The move reflects the Chinese government's desire to stick to plans to...

Report: Long trade war would hurt US more than China

Sep. 26, 2018 4:04 AM EDT

FRANKFURT, Germany (AP) — A fierce global trade war would hurt the United States economy significantly, making households poorer and destroying jobs, while China would not suffer as much, according to a simulation carried out by economists at the European Central Bank. In research published Wednesday, the...

ECB chief: Wage growth pushing up inflation in euro area

Sep. 24, 2018 2:14 PM EDT

FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says he expects underlying inflation to rise in the 19 countries that use the euro as a stronger job market pushes up wages. Draghi's comments Monday before the economic and monetary committee of the European Parliament in Brussels indicated...

New euro notes feature improved anti-counterfeit holograms

Sep. 17, 2018 10:39 AM EDT

FRANKFURT, Germany (AP) — New versions of the 100- and 200-euro banknotes have updated anti-counterfeiting features and a slimmer size that should make them easier to fit into wallets and purses. The new notes, shown off Monday by the European Central Bank, are now the same width as the 50-euro note so...

ECB's Draghi: Trade war chief worry for global economy

Sep. 13, 2018 10:43 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank pushed forward Thursday with its plan to gradually phase out its monetary stimulus, saying it is confident in the region's growth. But its president, Mario Draghi, warned that the United States' trade dispute with several major powers has become a key...

The Latest: European Central Bank sees tariffs as key risk

Sep. 13, 2018 9:04 AM EDT

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 3:00 p.m. European Central Bank President Mario Draghi says that trade conflicts are "the major source of uncertainty" for the global economy. Draghi says increased tariffs coming about as part of...

World stocks rise on report of US-China trade talks

Sep. 13, 2018 8:35 AM EDT

SINGAPORE (AP) — Many global markets climbed Thursday following a report that the U.S. has proposed a new round of trade negotiations with China before going ahead with plans to slap tariffs on $200 billion or more in Chinese goods. Investors also appeared heartened by an interest rate increase by Turkey...

European Central Bank confirms it will halve monthly bond-buying stimulus to 15 billion euros ($17.4 billion) after Sept

Sep. 13, 2018 7:49 AM EDT
FRANKFURT, Germany (AP) — European Central Bank confirms it will halve monthly bond-buying stimulus to 15 billion euros ($17.4 billion) after Sept.