Central bankers once kept money- supply measures atop the list of indicators they monitored when managing the economy.
German business confidence fell to the weakest level this year amid signs of slower growth in Europe’s largest economy.
Bank customers in Cyprus, which agreed to a 10 billion euro ($13 billion) bailout today, may line up to withdraw money when savings institutions reopen, Holger Schmieding, chief economist at Berenberg Bank, said.
Mario Draghi unveiled an unprecedented round of measures to help the European Central Bank’s record-low interest rates feed through to an economy threatened by deflation.
The European Central Bank kept interest rates unchanged, giving itself more time to gauge whether the euro-area recovery has reignited inflation.
"Putin's behavior over the next few weeks is the key tail risk to watch."
- Holger Schmieding on Aug 06, 2014
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