The European Central Bank kept its benchmark rate unchanged at a record low after policy makers assessed new economic forecasts.
Mario Draghi will probably hint at the likelihood of more policy action as he unveils economic forecasts for the euro area.
Euro-area growth data this week may show the region’s nascent recovery slowing to a crawl, supporting Mario Draghi’s case for an interest-rate cut to help the economy get back to its feet.
The European Central Bank is sizing up just how tough it wants to get with the region’s lenders.
The European Central Bank kept its benchmark interest rate unchanged at a record low after economic data signaled that the euro-area may be recovering from its longest-ever recession.
Germany sold 4.1 billion euros ($5.3 billion) of bonds today, kicking off a competition for finance that may determine whether euro-area leaders can preserve the 13-year-old single currency.
Yves Mersch lost out on the European Central Bank’s vice presidency last year. He could still move to Frankfurt: as ECB President.
Mario Draghi has asked a European Central Bank panel to study options for new bank funding measures, as policy makers try to figure out how to deal with any future liquidity shortages, two euro-region central bank officials said.
Mario Draghi is likely to rely on the power of his voice rather than new policies to steer Europe’s banks through the early stages of an economic recovery.
European economic growth slowed more than economists forecast in the second quarter as Germany’s recovery almost ground to a halt amid the worsening sovereign- debt crisis.
"There are a few minor bright spots, for example Spain, (SPNAGDPQ) but Italy will continue to remain in contraction and growth in France will likely be flat at best."
- Nick Matthews on Nov 10, 2013