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The European Central Bank has kept the main refinancing rate unchanged - at zero level. The deposit rate remained at the level of minus 0.4%. According to the economists, the program of buying bonds will end this year. Most of them still expect that the rate will rise only in the second quarter of 2019. However, some analysts began to note possible risks of postponing the tightening of the ECB monetary policy. They believe that any strong slowdown in the growth of the euro area economy in the future could lead to the fact that ECB will postpone the curtailment of the program of buying up assets for a later period.
European stocks sold lower earlier on Thursday as concerns mounted over the pace of a global economic recovery ahead of latest meeting from the European Central Bank (ECB). Germany’s DAX futures fell by 0.5% at 2:05 AM ET (0605 GMT), ...
Safe-haven currencies were on the defensive on Tuesday as hopes of an economic recovery strengthened stock prices. The Pound Sterling was under pressure after British Prime Minister Boris Johnson pledged a “Rooseveltian" boost to public ...
The euro firmed on Friday after the European Central Bank expanded its stimulus to shore up the economy from recession. The euro’s gains lifted risk appetite for Asian currencies and pushed the dollar index to an almost three-month low. ...
The euro hit multi-month highs against other currencies on Thursday as investors expected the European Central Bank to expand its bond-buying programme later in the day. The euro’s rally helped push the dollar’s index to 97.450, ...
Chinese Internet service provider Tencent Holdings Ltd (0700.HK) said on Friday that it is discussing an investment worth $200 Million in the world's largest music company Warner Music Group (WMG) as part of its initial public offering ...
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