Incoming European Central Bank head defends low interest rates
During hearings in the European parliament Wednesday, Lagarde said the job requires both a commitment to the basic mandate to keep prices stable and the "agility" to come up with new ways to meet unforeseen trouble.
European Central Bank joins Fed in paving way for stimulus
The ECB's rate-setting board left its key interest benchmarks unchanged at a policy meeting Thursday but said it could cut them as its next move.
EU leaders in a deadlock over top posts
The leaders are looking to name a new president of the EU's powerful executive arm, the European Commission, a president of the European Council and a foreign policy chief.
Latvian member of European Central Bank detained in probe
Latvia's top banking official and key member of the European Central Bank was detained Sunday amid accusations of bribery and money laundering in the nation's financial system.
The world’s central banks are likely to vastly increase their money creation, resulting in the biggest monetary bubble ever, with perhaps $100 trillion more new money on its way into the global economy, predicts economist Terry Burnham.
First, of course, are the political implications. Second, these are millions upon millions of people who were voting against their pocketbooks. The third shock is more personal: my apparent over-reliance on the prediction markets, and on economists like Justin Wolfers…
Global growth is stalling, and central banks are running out of options.
The European Central Bank just lowered their interest rates further into negative territory. But how do negative interest rates anyway?…
After meeting in Frankfort on Thursday, the European Central Bank announced a new six-point stimulus package aimed at improving the eurozone economy.
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