European Central Bank President Mario Draghi is signaling the euro-area economy may not need another shot of monetary medicine.
The European Central Bank kept interest rates unchanged as stronger inflation and economic output reduced the need for officials to take action.
German business confidence unexpectedly climbed to the strongest level in 2 1/2 years in a sign that growth in Europe’s largest economy may accelerate.
Steadily improving economies in Germany and the U.K. stand in contrast to a slowdown in China, while Mother Nature thwarts further progress in the U.S., data this week are projected to show.
U.K. retail sales fell more than economists forecast in January with the biggest drop in almost two years, led by lower demand at food and clothing stores.
European Central Bank President Mario Draghi said the ECB could take action to counter low inflation as soon as next month, when more data on the euro area’s economy will be available.
Euro-area factory output expanded faster than economists forecast in January and a gauge in China signaled a surprise drop in manufacturing, highlighting the uneven nature of the global recovery.
In sending Sabine Lautenschlaeger to the board of the European Central Bank, Germany could be gaining power over the region’s lenders at the expense of its monetary- policy clout.
German unemployment fell for the first time in five months in December, signaling increased confidence by the nation’s companies even as pricing power in the euro area remained subdued.
Germany’s economic growth probably slowed last quarter in a sign of the fragility of the euro area’s nascent recovery.
"The ECB expects slack in the economy to fade very slowly, warranting very accommodative policy."
- Christian Schulz on Mar 06, 2014
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