Latest European Central Bank News

European Central Bank more concerned about growth rebound

May. 23, 2019 9:54 AM EDT

FRANKFURT, Germany (AP) — Officials at the European Central Bank at their last meeting had grown more concerned about chances for a return to stronger economic growth in the second half of the year as they underlined their readiness to deploy more stimulus if needed. The written account of the April 10...

EU high court rejects compensation bid on Greek bond losses

May. 23, 2019 6:05 AM EDT

ATHENS, Greece (AP) — An EU high court has rejected a bid for compensation from the European Central Bank by some private owners of Greek bonds who suffered losses at the height of Greece's debt crisis seven years ago. Near-bankrupt in 2012, Greece executed the biggest debt restructuring ever, erasing 105...

Eurozone inflation ticks up in hopeful sign for central bank

May. 3, 2019 8:08 AM EDT

FRANKFURT, Germany (AP) — Inflation rose in April in the 19-country eurozone, at first glance an encouraging sign for the European Central Bank in its struggle to sustainably raise prices. The European Union's statistics agency Eurostat said Friday that annual inflation rose to 1.7% in April from 1.4% in...

Eurozone recession fears fade as growth picks up

Apr. 30, 2019 7:37 AM EDT

LONDON (AP) — The recent slowdown in the eurozone economy, which had stoked fears that another recession was around the corner, appears to have come to an end. Official figures released Tuesday show that the 19-country single currency bloc saw economic growth double in the first quarter of the year and...

Europe hurt by US trade threats, central bank says

Apr. 10, 2019 10:51 AM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank warned that global friction over trade — such as U.S. threats to impose more tariffs — is holding back the economy as he underlined the bank's readiness to deploy more stimulus if needed. Mario Draghi said Wednesday that an...

The Latest: Trade disputes holding back European economy

Apr. 10, 2019 8:48 AM EDT

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 2:45 p.m. European Central Bank President Mario Draghi says that "global headwinds" from trade conflicts are still holding back the eurozone economy even as rising wages continue to help. Draghi...

European Central Bank keeps interest rates at record lows amid economic risks from Brexit, trade conflicts

Apr. 10, 2019 7:48 AM EDT
FRANKFURT, Germany (AP) — European Central Bank keeps interest rates at record lows amid economic risks from Brexit, trade conflicts.

Eurozone economy gets double dose of bad news

Apr. 1, 2019 6:00 AM EDT

LONDON (AP) — The eurozone economy received a double dose of bad news Monday as inflation fell further away from the European Central Bank's target and a closely monitored survey showed the crucial manufacturing sector shrinking at its fastest rate in six years. The developments suggest Europe is...

European Central Bank ready to act if trouble hits economy

Mar. 27, 2019 7:41 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, bank President Mario Draghi said Wednesday. Draghi said the bank would take "all the monetary policy actions that are necessary and proportionate" in...