Latest European Central Bank News

European court: ECB bond purchases in line with EU law

Dec. 11, 2018 4:16 AM EST

BERLIN (AP) — The European Union's top court has ruled that the European Central Bank's government bond-buying stimulus program is in line with EU law and doesn't exceed the bank's mandate. The ECB launched the purchases in March 2015. It's on course to wrap up its 2.5 trillion euro ($2.85 trillion)...

Eurozone inflation eases as oil prices slump

Nov. 30, 2018 5:56 AM EST

LONDON (AP) — The recent fall in oil prices has pushed down inflation across the 19-country eurozone, official figures showed Friday in a development that makes it even less likely that the European Central Bank will start raising interest rates anytime soon. Eurostat, the European Union's statistics...

European banking chief: euro needs a central budget

Nov. 26, 2018 10:43 AM EST

FRANKFURT, Germany (AP) — The head of the European Central Bank is renewing his pleas to fix flaws in the 19-country euro currency, urging European leaders to adopt a central spending pot to buffer individual governments against financial crises. Mario Draghi said Monday in the European Parliament that...

ECB officials saw little contagion from Italy's debt woes

Nov. 22, 2018 7:40 AM EST

FRANKFURT, Germany (AP) — Top officials at the European Central Bank expressed concern at their last rate-setting meeting about higher government borrowing costs for Italy but saw little evidence that the debt troubles were spreading to other eurozone countries. The written account released Thursday of the...

Brexit, Italy, trade: Risks piling up for Europe's economy

Nov. 16, 2018 12:16 PM EST

FRANKFURT, Germany (AP) — Europe's five-year economic expansion is facing a mid-life crisis as it copes with potential debt troubles in Italy, a U.S.-China trade war and the risk of a disorderly British exit from the European Union. How those risks play out will decide whether the economic upswing that...

Eurozone central banker suggests rates could stay low longer

Nov. 16, 2018 5:41 AM EST

FRANKFURT, Germany (AP) — The head of the European Central Bank indicated a first interest rate increase could be postponed if unexpected trouble strikes the 19 countries that use the euro as their currency. Mario Draghi warned in a speech Friday the current economic expansion remains "resilient" as...

Bank regulator Enria nominated for top EU supervisory job

Nov. 7, 2018 1:18 PM EST

FRANKFURT, Germany (AP) — The European Central Bank's leadership has nominated financial regulator Andrea Enria for the job of top European Union banking supervisor, a decision that could influence later jockeying for high EU financial posts. Enria was nominated Wednesday by the central bank's governing...

EU stress tests show banks more robust against a crisis

Nov. 2, 2018 4:48 PM EDT

FRANKFURT, Germany (AP) — Europe-wide stress tests show that big banks would come through a theoretical financial crisis in better shape than in the last such test two years ago. But several analysts said the test didn't mean Europe could sound the all-clear about potential trouble from Italian banks and...

Eurozone inflation near 6-year high as oil price spikes

Oct. 31, 2018 7:25 AM EDT

LONDON (AP) — Consumer prices across the 19-country eurozone rose at their fastest rate in nearly six years in October, largely on the back of higher energy costs, official figures showed Wednesday. However, with oil prices having come off near four-year highs in recent weeks and with economic growth...

What's at stake as Italy plays chicken with markets, EU

Oct. 26, 2018 5:26 PM EDT

MILAN (AP) — Italy's government is playing a game of chicken with European authorities and financial markets over plans to spend big — and it's unclear whether the country can avoid a collision that would spread wreckage throughout Europe and the rest of the world. Financial markets have been...