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By Associated Press
It's looking more like a recession is coming in Europe. That's the takeaway from a financial stability report that the European Central Bank released Wednesday.
By David McHugh, Associated Press
The European Central Bank has made another outsized interest rate hike aimed at squelching out-of-control inflation, moving at the fastest pace in the euro currency's history.
The ECB is joining steps already taken by the U.S. Federal Reserve and other major central banks to target stubbornly high inflation.
Draghi and his 23 Cabinet ministers took their oaths of office at the Quirinal presidential palace. Italian President Sergio Mattarella had tasked the former European Central Bank president with trying to form a government up to managing the the health,…
By Frances D'Emilio, Associated Press
The European Central Bank has handed out more than a trillion euros in cheap loans to banks as part of its effort to get the economy through the virus outbreak.
ECB President Christine Lagarde said the economy was facing a “major shock” and that the central bank measures unveiled Thursday were “almost surgically” targeted at areas where monetary policy could help.
ECB head Christine Lagarde said that recent economic indicators are “weak overall” but “point to some stabilizing in the slowdown of of economic growth.”…
By Kenneth Kuttner, Econofact
There is increasing speculation regarding whether the Federal Reserve might set a negative target for the federal funds rate should the economy enter a recession.
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.
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