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The European Central Bank will refrain from cutting its interest rate again until at least 2015, according to economists surveyed since President Mario Draghi’s pledge last week to deliver another reduction if needed.
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Mario Draghi has stoked expectations that officials will deliver an interest-rate cut today even as they doubt its impact.
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The European Central Bank will cut its key interest rate to a record low next week as the euro- region economy slumps, according to banks including Nomura International Plc, UBS AG and Royal Bank of Scotland Group Plc.
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Italian lawmakers get a chance to begin breaking an eight-week political deadlock today as they consider nominations for the next head of state.
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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.
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Yves Mersch lost out on the European Central Bank’s vice presidency last year. He could still move to Frankfurt: as ECB President.
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The European Central Bank has to decide how big a threat Italy poses to Europe’s recovery.
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The European Central Bank left interest rates on hold as it gauges how big a threat Italy poses to the economic recovery.
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The European Central Bank said banks will repay only half the amount of emergency loans economists forecast, indicating financial institutions remain wary of lending to each other.
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The European Central Bank left interest rates unchanged even as a stronger currency threatens the euro area’s recovery from recession.
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