European Central Bank

European Central Bank joins Fed in paving way for stimulus

By David McHugh, Associated Press

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

By Lorne Cook, Raf Casert, Associated Press

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

By Carlo Piovano, Associated Press

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.

Column: The monetary bubble to end all bubbles is coming

By Terry Burnham

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.

Brexit: 4 reasons it comes as a shock

By Paul Solman

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…

Column: The world economy is running on monetary fumes

By Benn Steil, Emma Smith

Global growth is stalling, and central banks are running out of options.

How do negative interest rates work anyway?

By Mohamed El-Erian

The European Central Bank just lowered their interest rates further into negative territory. But how do negative interest rates anyway?…

European Central Bank announces moves to boost eurozone economy

By Kristen Doerer

After meeting in Frankfort on Thursday, the European Central Bank announced a new six-point stimulus package aimed at improving the eurozone economy.

World finance leaders see uneven road to global recovery

By Associated Press

The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt.