Tag: ECB

Euro zone inflation falls in July

Euro zone inflation falls in July

According to a preliminary estimate from Eurostat today, euro zone inflation eased in July to 2.5% from 2.7% in June. The figures come despite figures earlier this week suggesting German inflation crept up to 2.4%. Despite the fall, inflation remains higher than the ECB’s target of just below 2% – and is expected to remain [...]

July 29, 2011 | 0 Comments More
ECB lifts interest rates to 1.5%

ECB lifts interest rates to 1.5%

The European Central Bank (ECB) has today elected to lift interest rates from 1.25% to 1.5% - the second increase since April. The move comes to tame rising inflation in the 17-member euro zone and was widely expected by analysts and more rate rises are on the cards. Inflation in the euro zone currently stands [...]

July 7, 2011 | 0 Comments More
ECB keeps interest rates on hold

ECB keeps interest rates on hold

The European Central Bank (ECB) has today elected to keep interest rates on hold at 1.25% but hinted that rates may rise again next month. In April, the ECB lifted rates from 1% to 1.25% in a bid to tame rising inflation in the 17-member euro zone – it was the first time in almost [...]

June 9, 2011 | 0 Comments More
Euro zone posts economic growth of 0.8% in Q1

Euro zone posts economic growth of 0.8% in Q1

Official figures have today revealed the 17-member euro zone economy grew by 0.8% in the January to March period – up from 0.3% in the previous quarter. Germany, which is the largest economy in Europe, grew by 1.5%, while France reported growth of 1%. Other good performers were Estonia, growing by a staggering 2.1% but [...]

May 13, 2011 | 0 Comments More
Euro zone inflation rises to 2.7% in March

Euro zone inflation rises to 2.7% in March

Eurostat has revealed inflation in the 17-member euro zone rose to 2.7% in March - remaining above the European Central Bank’s (ECB) target of just below 2%. Rising inflation in the region led the ECB to lift interest rates this month from 1% to 1.25% – for the first time in almost three years. The [...]

April 16, 2011 | 0 Comments More
ECB lifts interest rates to 1.25%

ECB lifts interest rates to 1.25%

The European Central Bank (ECB) has today elected to lift interest rates from 1% to 1.25% - for the first time in almost three years. The move comes to tame rising inflation in the 17-member euro zone and was widely expected by analysts after the ECB had hinted that rate rises were on the cards. [...]

April 7, 2011 | 0 Comments More
Euro zone inflation reaches 2.4% in February

Euro zone inflation reaches 2.4% in February

The European Union’s statistics office Eurostat has revealed inflation in the euro zone rose to 2.4% on an annual basis in February, up from January‘s 2.3%. The rate remains above the European Central Bank’s (ECB) target of just below 2% and marks the third consecutive month inflation has been above target and represents the highest [...]

March 17, 2011 | 0 Comments More
ECB holds rates despite higher inflation

ECB holds rates despite higher inflation

The European Central Bank (ECB) today elected to keep interest rates on hold at the record low of 1% for the 21st consecutive month. The move came despite inflation exceeding the Bank’s target. Inflation in the 17-member euro zone rose to 2.4% in January - above the ECB’s target of just below 2%. The bank [...]

March 3, 2011 | 0 Comments More
Euro zone inflation reaches 2.3% in January

Euro zone inflation reaches 2.3% in January

The European Union’s statistics office Eurostat has today revealed inflation in the euro zone rose to 2.3% in January - albeit lower than an earlier projection of 2.4% and compares with 2.2% in December. However, the rate remains above the European Central Bank’s target of just below 2%. The ECB has previously suggested inflation in [...]

February 28, 2011 | 0 Comments More
ECB holds rates despite higher inflation

ECB holds rates despite higher inflation

The European Central Bank (ECB) today elected to keep interest rates on hold at the record low of 1% for the 20th consecutive month. The move came despite inflation exceeding the Bank’s target. Earlier this week, the European Union’s statistics office Eurostat revealed inflation in the euro zone rose more than expected in January. Inflation [...]

February 3, 2011 | 0 Comments More
Euro zone manufacturing sees strong growth in January

Euro zone manufacturing sees strong growth in January

Manufacturing activity in the 17-member euro zone exceeded expectations in January after the Markit Purchasing Managers’ Index (PMI) posted a reading of 57.3 in January - climbing steadily from December’s 57.1. The index continues to remain above the crucial 50 level which indicates expansion and the PMI has been above this level for 16 consecutive [...]

February 1, 2011 | 0 Comments More
Euro zone inflation exceeds ECB target

Euro zone inflation exceeds ECB target

The European Union’s statistics office Eurostat has today revealed inflation in the euro zone rose more than expected in January. Inflation rose 2.4% on an annual basis in January, up from 2.2% the previous month and continues to exceed the European Central Bank’s (ECB) target of just below 2%. According to economists, the increase was [...]

January 31, 2011 | 0 Comments More
Euro zone interest rates on hold at 1%

Euro zone interest rates on hold at 1%

As widely expected, the European Central Bank (ECB) today elected to keep interest rates on hold at the record low of 1% for the 20th consecutive month. Rates are expected to be kept on hold for the medium-term at least to boost the area’s economic recovery. However, there are still fears that the debt crisis [...]

January 13, 2011 | 0 Comments More
Euro zone inflation exceeds ECB target

Euro zone inflation exceeds ECB target

The European Union’s statistics office Eurostat has today revealed inflation in the euro zone rose more than expected in December. Inflation rose 2.2% on an annual basis in December, up from 1.9% the previous month and represented the first time since October 2008 that it had exceeded the European Central Bank’s (ECB) target of just [...]

January 4, 2011 | 0 Comments More
ECB holds rates and expands bond programme

ECB holds rates and expands bond programme

As expected, the European Central Bank (ECB) today elected to keep interest rates on hold at the record low of 1% for the 19th consecutive month. There were suggestions that the bank might have taken drastic action in order to address the debt crisis, currently engulfing the euro zone. However, the ECB said it will [...]

December 2, 2010 | 0 Comments More
ECB expected to announce measures to address debt crisis

ECB expected to announce measures to address debt crisis

The European Central Bank (ECB) is in the midst of its monetary policy meeting and while interest rates are expected to remain at the record low of 1%, measures may be announced to address the debt crisis. There is speculation that the ECB may extend its Government bond purchase (liquidity) programme. The latest debt crisis [...]

Euro zone interest rates remain on hold

Euro zone interest rates remain on hold

The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% – where they have been since May 2009. Interest rates are expected to remain on hold until at least 2011, as a result of uneven growth and low inflation. The news comes after the Bank of [...]

November 4, 2010 | 0 Comments More
Euro zone interest rates remain on hold

Euro zone interest rates remain on hold

The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% - where they have been since May 2009. Interest rates are expected to remain on hold until at least 2011, as a result of uneven growth and low inflation. The news comes after the Bank of [...]

October 7, 2010 | 0 Comments More
Eurozone growth forecast uplifted

Eurozone growth forecast uplifted

The European Central Bank (ECB) is feeling more optimistic about growth in the eurozone, having raised its forecast for GDP growth to between 1.4% and 1.8% for 2010, and between 0.5% and 2.3% in 2011. Explaining the revision, ECB president, Jean-Claude Trichet, said: “Euro area real GDP grew strongly on a quarterly basis, increasing by [...]

September 3, 2010 | 0 Comments More
Euro zone interest rates on hold at 1%

Euro zone interest rates on hold at 1%

The European Central Bank (ECB) today elected to keep interest rates on hold at the historic low of 1% for the 15th consecutive month, as widely expected. Interest rates are expected to remain on hold until at least 2011, as a result of uneven growth and low inflation. The news comes after the Bank of [...]

August 5, 2010 | 0 Comments More