European Central Bank hands out 1.3 trillion euros in loans
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.
European Central Bank deploys stimulus to ease virus damage
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.
European Central Bank chief says economic slowdown is stabilizing
ECB head Christine Lagarde said that recent economic indicators are “weak overall” but “point to some stabilizing in the slowdown of of economic growth.”…
How low can we go? The prospects for negative interest rates
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.
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.
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.
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.
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