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Posts related to ‘ECB’

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The Worst Euro Risks Might Not Be Over

Posted: May 13, 2013 at 12:00 pm

If you have watched the U.S. stock market rally in 2013, you might think that all the austerity and budget woes in Europe have passed. It turns out that Europeans ...
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ECB Delivers on Interest Rate Cuts

Posted: May 2, 2013 at 8:00 am

The European Central Bank (ECB) was expected to deliver a rate cut on Thursday, and that is exactly what the market got. The overnight refi rate was cut to 0.50% ...
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Italy Borrowing Costs Hit Two-Year Low

Posted: April 29, 2013 at 11:35 am

Italy is one of the PIIGS, and therefore one of the big troubled spots for investors to keep their eyes on. The good news is that if the hangman is ...
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The Undercovered Story of 2013: A European Recovery

Posted: January 10, 2013 at 10:38 am

If you watch and read financial news avidly, you will almost certainly admit that with all of the stories on Washington D.C., the fiscal cliff, Obama administration officials leaving in ...
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ECB Keeps Rates Unchanged

Posted: December 6, 2012 at 7:51 am

The European Central Bank has kept its interest rates unchanged. Its statement is as follows: At today’s meeting the Governing Council of the ECB decided that the interest rate on ...
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ECB Leaves Interest Rates Unchanged

Posted: November 8, 2012 at 7:55 am

The European Central Bank has decided to leave interest rates unchanged. This means that the refinance rate will remain at 0.75%. Today's statement from the monetary policy decisions says: At ...
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ECB Leaves Rates Alone, Touts Bond-Buying Plan

Posted: October 4, 2012 at 10:27 am

The European Central Bank (ECB) this morning announced that it would leave its benchmark interest rate at 0.75%. ECB President Mario Draghi also said in his monthly press conference that ...
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Bank of England Punts

Posted: October 4, 2012 at 7:43 am

The Monetary Policy Committee of the Bank of England this morning announced that it will leave its policy lending rate at 0.5% and that it will continue its asset purchase ...
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Fitch Cuts Council of Europe Development Bank AAA Rating

Posted: September 25, 2012 at 12:44 pm

Fitch Ratings has taken away another "AAA" rating. The ratings firm has now downgraded the Council of Europe Development Bank's Long-Term foreign currency Issuer Default Rating to "AA+" from "AAA." ...
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ECB Explains Itself

Posted: September 13, 2012 at 9:27 am

In its Monthly Bulletin published today, the European Central Bank (ECB) goes about explaining why its decision to begin buying eurozone sovereign debt in the secondary market was the right ...
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High Stakes, No Limit ECB Bond-Buying Plan

Posted: September 5, 2012 at 9:05 am

At its meeting today in advance of tomorrow’s scheduled announcement of yet another plan to save the eurozone’s banking system, the European Central Bank (ECB) will discuss a plan put ...
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ECB Wants to Save Europe, Again

Posted: August 29, 2012 at 6:36 am

President Mario Draghi made another vague comment about how the European Central Bank can help relieve the financial tension in Europe: Yet it should be understood that fulfilling our mandate ...
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Today’s Market Winners and Losers

Posted: July 26, 2012 at 10:52 am

Stocks are up solidly Thursday after European Central Bank President Mario Draghi unequivocally vowed to preserve the euro. The Dow Jones is up 1.53%, the Nasdaq is up 1.32% and the ...
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Greek Bonds No Longer Good as Collateral — ECB

Posted: July 20, 2012 at 10:36 am

The European Central Bank (ECB) said this morning that Greek debt, whether issued or backed by the government, is “for the time being” no longer eligible to be used as ...
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IMF Pushes ECB on Bank Union, Fiscal Integration

Posted: July 18, 2012 at 12:56 pm

The European Union and the European Central Bank (ECB) can no longer just kick the can down the road if they hope to solve the financial crisis in the Eurozone. ...
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