Latest European Central Bank News

People with bicycles pass an outdoor restaurant on a street in the Sodermalm neighbourhood of Stockholm, Thursday, August 20, 2020. (Fredrik Sandberg/TT News Agency via AP)

Swedish central bank sees key interest rate at 0 for years

Sep. 22, 2020 7:07 AM EDT

STOCKHOLM (AP) — Sweden’s central bank on Tuesday kept its main interest rate at zero and said it expects it to remain “at this level in the coming years” due to the economic uncertainty created by the virus pandemic. Riksbanken said its policies and low interest rate had supported the...

European Central Bank (ECB) President Christine Lagarde attends a news conference during the Informal Meeting of Economics and Finance Ministers in Berlin, Germany, Friday, Sept. 11, 2020. (Hannibal Hanschke/Pool Photo via AP)

Central bank head: Europe's recovery uncertain, incomplete

Sep. 21, 2020 10:09 AM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank says that the economy is rebounding but that the recovery remains uncertain, incomplete and dependent on containing the virus outbreak. ECB President Christine Lagarde told a joint meeting of parliamentary deputies from France and Germany on...

Currency traders watch computer monitors near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Friday, Sept. 11, 2020. Asian shares were mixed Friday following a selloff of technology shares on Wall Street.  (AP Photo/Lee Jin-man)

Asian shares mixed after technology fall leads US stock fall

Sep. 10, 2020 11:41 PM EDT

TOKYO (AP) — Asian shares were mixed Friday following a selloff of technology shares on Wall Street. Japan's benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading to 23,310.94. South Korea's Kospi dropped 0.8% to 2,377.92, while Australia's S&P/ASX 200 lost 0.8% to 5,860.50. Hong...

The European Central Bank is seen in Frankfurt, Germany, Thursday, Sept. 10, 2020. The governing council of the ECB will meet on Thursday. (AP Photo/Michael Probst)

European Central Bank expects to use full extent of stimulus

Sep. 10, 2020 2:32 PM EDT

FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde said the bank would “likely” use all of the 1.35 trillion euros ($1.6 trillion) in planned stimulus to support the economy through the pandemic, which has caused a massive recession and is seeing a new rise in contagions....

FILE - In this Tuesday, Sept. 8, 2020, file photo, people wearing masks pass the Charging Bull statue in New York's financial district. Wall Street is steadying itself Wednesday following its first three-day losing streak in nearly three months, as the bloodletting for big technology stocks comes to at least a temporary halt. (AP Photo/Mark Lennihan, File)

Asian stocks gain after Wall Street rebounds from tech slump

Sep. 10, 2020 12:21 AM EDT

BEIJING (AP) — Asian stock markets gained Thursday after Wall Street rebounded from a three-day slump for tech stocks. Benchmarks in Shanghai, Tokyo, Seoul and Sydney advanced. Wall Street's S&P 500 index ended Wednesday up 2% for its best day in three months. Investors were snapping up lower-priced...

File - In this Thursday, Sept. 3 2020 file picture the moon shines over the European Central Bank in Frankfurt, Germany. Low inflation, in negative territory for the first time since 2016, is leading analysts to think the ECB will have to add more stimulus to support what could be a drawn-out, difficult recovery from the virus outbreak in the 19 countries that use the euro. (AP Photo/Michael Probst, File)

Falling prices flash warning light for Europe's economy

Sep. 8, 2020 7:10 AM EDT

FRANKFURT, Germany (AP) — A startling fall in consumer prices and a stronger euro have increased pressure on the European Central Bank to provide another blast of monetary stimulus in support of a drawn-out economic rebound from the pandemic recession. A 0.2% annual drop in prices in August in the 19...

FILE - In this Wednesday, April 29, 2020 file photo, a man walks in front of the European Central Bank in Frankfurt, Germany. Official figures Tuesday Sept. 1, 2020, shows the unemployment rate across the 19 countries that use the euro currency rose modestly to 7.9% in July as the jobless spike was held down by temporary government job-support programs and the relaxation of some coronavirus containment measures. (AP Photo/Michael Probst, File)

Eurozone unemployment capped by support programs _ for now

Sep. 1, 2020 10:56 AM EDT

FRANKFURT, Germany (AP) — At first glance, unemployment across the 19 countries that use the euro currency appears remarkably low in the face of a savage recession brought on by the coronavirus. It's unlikely to remain so over the coming months as government support measures start to expire. Official...