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The European Central Bank is pushing Raiffeisen and UniCredit hold some capital as a buffer against potential risks stemming from their Russia businesses, two sources with knowledge of the matter ...
The European Central Bank's promise of hefty monetary stimulus brought buyers flocking back to euro bond markets on Thursday, with Spanish and French auctions seeing reassuring demand and Germany ...
The euro gained 0.4% against the dollar and traded at $1.2153 a few minutes after the ECB left its ultra-easy policy unchanged as expected and kept the door open to more stimulus to tackle the ...
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
Outright Monetary Transactions (OMT) is a program of the European Central Bank under which the bank makes purchases ("outright transactions") in secondary, sovereign bond markets, under certain conditions, of bonds issued by Eurozone member-states.
ECB board members Axel A. Weber and Jürgen Stark resigned in protest at this policy, even if it helped prevent states from defaulting. IMF economist Pau Rabanal argued that Trichet "maintained a relatively expansionary monetary policy," but even "sacrificed the ECB's inflation target for the sake of greater economic growth and jobs creation ...
The ECB turned dovish as expected in its September meeting by re-launching QE measures and cutting rates. These ETFs could gain/lose on the latest ECB move. ETFs to Gain & Lose as ECB Starts QE ...
On 2 July 2019, Christine Lagarde was nominated by the European Council to succeed Mario Draghi as President of the European Central Bank (ECB) on 1 November 2019. [46] On 17 September 2019, the European Parliament voted via secret ballot to recommend her to the position, with 394 in favor, 206 opposed, and 49 abstentions.