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Sep 18, 2013

ECB advisers call for more long-term loans

FRANKFURT, Sept 18 (Reuters) – Another round of ultra-long
European Central Bank loans early next year would help boost
market confidence and lower money market rates, several members
of an ECB expert group said at a meeting earlier this month.

Markets have already begun to speculate on the chances of
another of the operations which saw the ECB flood banks with
more than 1 trillion euros in cheap three-year loans in late
2011 and early 2012.

Sep 17, 2013

Beer washes out German inflation angst

Germans, many say, have inflation angst in their DNA. But there is one exception to that. Beer.

Although prices at Oktoberfest have been inflation-beating for years, consumption keeps rising. Average price of the 1-liter (35 oz) stein of beer will be 9.66 euros ($ 12.85), up 3.6 percent from last year’s festivities, compared with German overall annual inflation of 1.5 percent.

Sep 17, 2013

German investor sentiment brightens on euro zone outlook

MANNHEIM, Germany (Reuters) – German analyst and investor sentiment jumped more than expected in September thanks to the improved outlook for the euro zone, a survey showed on Tuesday in welcome news for Chancellor Angela Merkel who is seeking a third term in an election on Sunday.

A monthly poll of economic sentiment rose to 49.6 from 42.0 in August, ZEW economic think tank said, reaching the highest level since April 2010 and surpassing the consensus forecast in a Reuters poll for a rise to 46.0.

Sep 5, 2013

ECB says ready to act to counter unwarranted money market rates

FRANKFURT (Reuters) – The European Central Bank said on Thursday it was ready to cut interest rates or pump more money into the euro zone economy if necessary to bring money market rates down and help the euro zone’s economic recovery.

The bank left its key interest rate unchanged at 0.5 percent, as expected by all 60 economists polled by Reuters.

Sep 5, 2013

ECB holds rates, Draghi’s guidance under market microscope

FRANKFURT, Sept 5 (Reuters) – The European Central Bank left
interest rates unchanged on Thursday, and markets turned their
attention to ECB chief Mario Draghi’s news conference for any
signs a euro zone recovery will affect the bank’s policy stance.

Abandoning its tradition of never pre-committing on future
moves, the ECB said in July it would keep its rates at current
or lower levels for an “extended period” – its first use of
forward guidance.

Sep 4, 2013

ECB’s Draghi seen pushing credibility of low rates promise

FRANKFURT (Reuters) – Keeping rates on hold will be the easy part of the European Central Bank meeting on Thursday: the harder job will be chief Mario Draghi having to balance talking up euro zone recovery and talking down market rates.

Recent economic data has come in relatively strong, largely validating the ECB’s main scenario of a gradual recovery taking hold in the second half of this year and gathering pace in 2014.

Aug 18, 2013

With words failing, bank may need to act on market rates

FRANKFURT, Aug 18 (Reuters) – Mario Draghi’s silver-tongued
eloquence isn’t working like it used to – at least to judge from
money market rates.

The European Central Bank chief, who wowed investors with
his vow a year ago to do “whatever it takes” to save the euro,
has been unable to steer down market interest rates as much as
he would like despite giving ‘forward guidance’ on policy.

Aug 13, 2013

German investor morale brightens as euro zone picks up

MANNHEIM, Germany, Aug 13 (Reuters) – German analyst and
investor sentiment climbed more than expected in August, a
leading survey showed on Tuesday, suggesting Europe’s largest
economy is gradually regaining momentum after suffering a
contraction in late 2012 and a weak start to 2013.

The ZEW economic think tank’s monthly poll of economic
sentiment rose to 42.0 from 36.3 in July, reaching its highest
level since March and beating the consensus forecast in a
Reuters poll for a rise to 40.0.

Aug 1, 2013

ECB holds rates, confirms no move for “extended period”

FRANKFURT, Aug 1 (Reuters) – The European Central Bank left
interest rates at a record low 0.5 percent on Thursday and
affirmed that they will remain there for some while to come and
could yet fall further.

ECB President Mario Draghi hinted that policy would not be
tightened until well into next year at the earliest, although
the central bank will give no time horizon for when rates might

Aug 1, 2013

ECB holds rates as economy perks up

FRANKFURT (Reuters) – The European Central Bank left interest rates at a record low 0.5 percent on Thursday following signs of a tentative recovery in the euro zone economy.

Its president, Mario Draghi, is expected to emphasize the message that rates will stay at record lows for an extended period at the news conference, which starts at 1230 GMT.

    • 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:
      Finnish, English, German, Swedish
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