Sakari's Feed
Apr 29, 2013

ECB gears up for rate cut, likely this week

FRANKFURT (Reuters) – The European Central Bank is likely to cut the main euro zone interest rate at its monthly meeting on Thursday as the bloc’s economy has weakened further.

Since the last policy meeting on April 4, there have been few signs of the economy returning to growth, threatening the recovery which the ECB has said it expects to start in the second half of this year.

Apr 29, 2013

Preview: ECB gears up for rate cut, likely this week

FRANKFURT (Reuters) – The European Central Bank is likely to cut the main euro zone interest rate at its monthly meeting on Thursday as the bloc’s economy has weakened further.

Since the last policy meeting on April 4, there have been few signs of the economy returning to growth, threatening the recovery which the ECB has said it expects to start in the second half of this year.

Apr 24, 2013

ECB says ditching austerity would not help euro zone

BRUSSELS/FRANKFURT, April 24 (Reuters) – ECB policymakers
rebuffed suggestions that Europe should ease up on austerity and
said that while the central bank has room to cut interest rates,
such a move would not necessarily help the economy much.

European Central Bank Vice-President Vitor Constancio said
that seeking to stimulate economies by stopping measures aimed
at cutting government debt could merely increase countries’
borrowing costs rather than triggering growth.

Apr 22, 2013

ECB policymakers hint at possible interest rate cut

FRANKFURT (Reuters) – Comments by European Central Bank policymakers on Monday stressing falling inflation and poor growth prospects in the euro zone suggest the ECB may be leaning towards a further cut in its main refinancing rate.

ECB Vice-President Vitor Constancio said inflation had fallen “rather significantly” and a rate cut was “always a possibility”, but Governing Council member Klaas Knot said the ECB had “little ammunition left” and should use it carefully.

Apr 16, 2013

German investor morale erodes on euro zone, global fears

MANNHEIM, Germany, April 16 (Reuters) – German analyst and
investor sentiment fell sharply in April, hit by fears that a
deterioration of the euro zone crisis and a global slowdown, led
by a weakening China, could take a heavy toll on Europe’s
biggest economy.

The Mannheim-based ZEW think tank said on Tuesday its
monthly poll of economic sentiment fell to 36.3 points from 48.5
in March. The reading undershot a Reuters poll forecast of 42.0
and sent the euro down against the dollar.

Apr 4, 2013
via MacroScope

Draghi teaches journalists manners

Photo

European Central Bank President Mario Draghi, in addition to conveying a dovish yet somewhat obtuse message on the bank’s future policy, taught journalists telephone etiquette.

He was asked about his phone conversation with Italian President Giorgio Napolitano, he declined to say anything about the content of the call.

Apr 4, 2013

ECB “ready to act” to help languishing economy

FRANKFURT, April 4 (Reuters) – European Central Bank
President Mario Draghi opened the door on Thursday to an
interest rate cut as soon as next month, saying his bank stands
“ready to act” to boost the recession-hit euro zone economy.

Speaking at news conference after the ECB held rates at a
record low 0.75 percent, the highest level among the world’s
major central banks, Draghi said discussion at the monthly
meeting had been extensive and the consensus was to hold fire.

Apr 4, 2013

Cyprus to blame for bailout turmoil, Draghi says

FRANKFURT (Reuters) – The European Central Bank put the blame for initial market turmoil over Cyprus’s bailout squarely on the island’s government on Thursday and pledged that taxing depositors would not become normal procedure.

ECB President Mario Draghi said Cyprus’s bailout was “no template”, a statement designed to ease market fears that bank deposits would in future be fair game for international lenders seeking to help struggling euro zone countries.

Apr 4, 2013

ECB “ready to act” on rates as economy languishes

FRANKFURT, April 4 (Reuters) – The European Central Bank
expects a gradual economic recovery later this year but will
monitor incoming data very closely and is ready to cut interest
rates if necessary, its president said on Thursday.

Addressing a news conference after the ECB held rates at a
record low 0.75 percent, the highest level among the world’s
major central banks, Mario Draghi said discussion at the monthly
meeting had been extensive and the consensus was to hold fire.

Mar 14, 2013

ECB’s Demetriades: Irish bond auction an important step

NICOSIA, March 14 (Reuters) – Ireland’s issuance of its
first long-term bond since being bailed out is an important step
towards qualifying for help from the ECB’s bond-buying
programme, European Central Bank Governing Council member
Panicos Demetriades said.

In an interview with Reuters, conducted on Wednesday, the
Cyprus central bank governor said euro zone economic recovery
was holding to its projected path and the Italian election
stalemate had not increased risks to growth.

    • About Sakari

      "I am part of the Reuters team covering the European Central Bank. Before moving to Frankfurt in early 2009, I was based in Helsinki, where I wrote about the Finnish economy and paper industry."
      Joined Reuters:
      2006
      Languages:
      Finnish, English, German, Swedish
    • Contact Sakari

    • Follow Sakari