Eva's Feed
Dec 4, 2012

ECB to hold rates, guidance for 2013 eyed

FRANKFURT (Reuters) – The European Central Bank may give a guide to next year’s policy path when it delivers fresh forecasts for the euro zone economy on Thursday at a meeting where it is expected to leave interest rates at a record low.

The ECB will issue its first economic forecasts for 2014 in its staff projections and economists expect the bank to downgrade its outlook for 2013, following a similar move by the European Commission in November.

Nov 19, 2012

ECB and Bundesbank at odds over bank supervision clout

BRUSSELS/FRANKFURT, Nov 19 (Reuters) – The European Central
Bank on Monday said that it should have the power to supervise
all lenders in a banking union, a demand the president of
Germany’s influential Bundesbank was quick to temper.

After three years of piecemeal crisis-fighting, European
countries are attempting to agree on a banking union to lay a
cornerstone of wider economic integration and protect the euro.

Nov 8, 2012

ECB holds rates, sees no economy bounce until 2013

FRANKFURT (Reuters) – The euro zone economy shows little sign of recovering before the year-end despite an easing of financial market conditions, European Central Bank Mario Draghi said on Thursday after interest rates were left at a record low.

The ECB held its main rate at 0.75 percent, deferring any cut in borrowing costs while it waits for a cue to use its new bond-purchase programme. That wait may be prolonged after Spain successfully completed its 2012 funding at affordable rates on capital markets on Thursday.

Nov 8, 2012

ECB holds rates, waits for call to unlock bond plan

FRANKFURT, Nov 8 (Reuters) – The European Central Bank held
its main interest rate at 0.75 percent on Thursday, deferring
any cut in borrowing costs while it assesses the extent of the
euro zone’s economic downturn and waits for a cue to use its new
bond-purchase programme.

The bank has said it was ready to buy bonds of debt-strained
governments such as Spain and Italy once they had signed up to a
European bailout programme. So far no request has been made, but
the announcement alone has calmed markets.

Nov 8, 2012

ECB seen holding rates, waiting to unleash bond plan

FRANKFURT, Nov 8 (Reuters) – The European Central Bank is
expected to leave interest rates on hold on Thursday, waiting
instead to show its mettle with a new bond-purchase programme
that is ready for use as soon as Spain asks for help.

The bank said last month it was ready to buy bonds of
debt-strained governments such as Spain and Italy once they had
signed up to a European bailout programme. So far no request has
been made, but the announcement alone has calmed markets.

Nov 8, 2012

ECB seen holding rates steady as it waits to unlock bond plan

FRANKFURT (Reuters) – The European Central Bank is expected to leave interest rates on hold on Thursday, waiting instead to show its mettle with a new bond-purchase program that is ready for use as soon as Spain asks for help.

The bank said last month it was ready to buy bonds of debt-strained governments such as Spain and Italy once they had signed up to a European bailout program. So far no request has been made, but the announcement alone has calmed markets.

Nov 6, 2012

Women challenge central banking men’s club

FRANKFURT (Reuters) – When the European Parliament turned Yves Mersch down for a top central banking post, it wasn’t because he lacked the expertise or experience; they rejected him because he is a man.

Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank’s all-male board anyway. Last month’s parliamentary vote was non-binding on EU governments, which have the final say, although Spain raised last-minute objections on Monday.

Nov 5, 2012

Analysis: Women challenge central banking men’s club

FRANKFURT (Reuters) – When the European Parliament turned Yves Mersch down for a top central banking post, it wasn’t because he lacked the expertise or experience; they rejected him because he is a man.

Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank’s all-male board anyway. Last month’s parliamentary vote was non-binding on EU governments, which have the final say, although Spain raised last-minute objections on Monday.

Oct 23, 2012

Stark: Draghi needs to reason with German MPs

FRANKFURT (Reuters) – European Central Bank President Mario Draghi must come armed with watertight arguments and solid analysis justifying the ECB’s new bond-purchase program when he meets German lawmakers on Wednesday, the ECB’s former chief economist told Reuters.

Draghi has agreed to go to Berlin to soothe German angst about the ECB’s plan to buy short-term bonds of heavily indebted euro zone countries to lower their borrowing costs, which some fear will fuel inflation and overstretch the ECB’s mandate.

Oct 16, 2012

German ZEW index climbs more than expected in October

MANNHEIM, Oct 16 (Reuters) – German analyst and investor
sentiment rose for a second month in a row in October, a survey
showed on Tuesday, suggesting fears that the euro zone’s debt
crisis will escalate and damage the bloc’s largest economy are
easing.

The Mannheim-based ZEW said sentiment appeared to have
bottomed out, though it remains deep in negative territory and
the assessment of current conditions in Germany worsened.