Last month, the European Central Bank (ECB) announced its own version of quantitative easing and confirmed that it is acquiring 60 billion euros ($69 billion) worth of government bonds over the next 18 months, and noted that the program is open-ended. The purpose of the move is to … [Read more...]
ECB Pushes Ahead With Massive 720 Billion Euro Stimulus
The European Central Bank (ECB) introduced the latest round of measures to revive the lifeless eurozone economy. ECB President Mario Draghi announced Thursday it will acquire 60 billion euros ($69 billion) each month in government bonds in order to suppress interest rates and inject … [Read more...]
ECB Won’t be Adjusting Interest Rates
The European Central Bank (ECB) announced Thursday it has decided to keep its interest rates unchanged. The central bank left its primary interest rate - the cost of borrowing at its conventional loans - at just 0.05 percent. The ECB also kept its deposit rate at -0.2 percent, which … [Read more...]
ECB’s Mario Draghi Hints at Further Stimulus
European Central Bank (ECB) president Mario Draghi may be igniting further stimulus if the eurozone economies and markets signal that they need greater easing, cheap money and lower interest rates. Draghi told reporters at a news conference Thursday that the door is open for … [Read more...]
OECD projects struggling emerging markets will hurt global recovery
The Organization for Economic Cooperation and Development (OECD) released a new report Tuesday that warned markets in the emerging countries could very well hurt global economic growth in the near-term. In addition, the Paris-based entity forecasted that the bad winter weather … [Read more...]
