ECB’s Draghi has decided to remain a member of the opaque Group of 30 club of top figures in finance despite a watchdog’s call to leave it to protect the ECB reputation.
Germany’s likely candidate to become the ECB’s next president defended policy differences among rate-setters as he reaffirmed his expectation for a rate hike next year.
Euro zone member Finland will next week start its search for a successor to central bank Governor Erkki Liikanen, the head of the bank’s supervisory council said.
Euro zone consumer prices grew less than expected in February because of a fall in unprocessed food prices and reduced energy inflation, data from the Eurostat showed.
Europe may be regaining some of its long-lost growth potential, Praet said, a boon for the bloc’s five-year expansion.
Draghi said ECB needs further evidence that inflation is rising towards its target and will end asset buys only when it is satisfied that price growth is on path.
Euro zone inflation may need more time to rise than anticipated as spare capacity is taking longer to exhaust but the ECB should not accept price growth below its target.
Merkel declined to say whether she favoured a German becoming the next president of the European Central Bank after incumbent Mario Draghi’s term ends in 2019.
ECB staff offered policymakers meeting this wk a scenario where interest rates would be raised in mid-2019 after winding down their bond purchases at the end of this yr.
The ECB dropped a long-standing pledge to increase its bond buying if needed, taking another small step in weaning the euro zone economy off its protracted stimulus.
Aditya Birla Group May Raise $1 Bn To Repay Regulatory Dues
AB Group To Sell Stake & Promoter Entities Of Co
In Talks With Large PE Funds
Deal Will Let AB Group Maintain Current Shareholding
PE Investors To Get Indirect Stake In Idea
Bags Orders For Rural-Urban Electrification Project
Project worth Rs 3577.93 Cr
Projects under Saubhagya Yojna
Projects to be completed within 15 months
Board Meeting On April 19 To Consider Various Bids Received
CKP Financial Open Offer To Acquire 1.39 Cr Shares Of Co
Offer Represents 25.02% Stake, With Price Of Rs 400/Sh
To make an investment of rs 500 cr in GIFT City
Will develop about 1,000 housing units in GIFT City
Residential footprint rises to 10 cities with investment