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April 13, 2021

European Central Bank

ECB doesn’t want a premature spike in borrowing costs, Dutch governor says

CNBC
CNBC – For more and to sign up click here A woman walks past a closed cafe as Rome becomes a ‘red zone’, going into lockdown, as the country struggles to reduce the coronavirus disease (COVID-19) infections, in Rome, Italy, March 15, 2021. Yara Nardi | Reuters LONDON  — European......

Euro zone inflation bounce masks weak trend: Lane

Reuters
FRANKFURT (Reuters) – The surge in euro zone inflation is driven by transient factors but underlying trends remain weak, so the European Central Bank needs to maintain copious support for the economy, ECB chief economist Philip Lane said on Thursday. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks......

Britain and EU strike cooperation pact for financial services

Reuters
FILE PHOTO: The City of London financial district is seen with office skyscrapers commonly known as ‘Cheesegrater’, ‘Gherkin’ and ‘Walkie Talkie’ seen in London, Britain, January 25, 2018. Picture taken January 25, 2018. REUTERS/Toby Melville/File Photo LONDON (Reuters) – Britain and the European Union agreed a new financial services cooperation......

U.S. stimulus will cause ‘positive spillovers’ in Europe, ECB chief economist says

CNBC
CNBC – For more and to sign up click here LONDON — The $1.9 trillion coronavirus relief package in the United States is a “significant engine for the world economy” and will have positive spillover effects in the euro zone, the chief economist of the European Central Bank told CNBC.......

Fed’s Quarles warns banks face intense regulatory scrutiny in move away from Libor

Reuters
FILE PHOTO: Financial Stability Board chair and Federal Reserve Vice Chairman for Supervision Randal Quarles addresses the Economic Club of New York in New York City, U.S., October 18, 2018. REUTERS/Brendan McDermid/File Photo WASHINGTON (Reuters) – Federal Reserve Vice Chair Randal Quarles warned on Monday that banks must accelerate efforts......

ECB’s higher bond buys may need time to show: Lagarde

Reuters
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde arrives for a plenary session at the European Parliament in Brussels, February 8, 2021. Olivier Matthys/Pool via REUTERS/File Photo FRANKFURT (Reuters) – The European Central Bank may need some time before the recently agreed increase in money printing becomes apparent in......

Services, food drive euro zone inflation in February

Reuters
FILE PHOTO: Full shelves with fruits are pictured in a supermarket during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020. REUTERS/Fabrizio Bensch BRUSSELS (Reuters) – More expensive services and food drove euro zone consumer inflation in February, offsetting cheaper energy, data from the European Union’s......

EU recovery stimulus may prove too little: ECB’s Schnabel

Reuters
FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski PARIS (Reuters) – The European Union’s 750 billion euro ($893 billion) economic recovery fund may prove......

ECB plans to ramp up bond buying to tackle surging yields

CNBC
CNBC – For more and to sign up click here European Central Bank President Christine Lagarde. Handout | Getty Images News | Getty Images LONDON — The European Central Bank has said it expects to increase its bond purchases “significantly” next quarter, after bond yields rose in the region over......

Analysis: Global bond rout puts BOJ’s yield curve control in spotlight

Reuters
TOKYO (Reuters) – The Bank of Japan’s success in controlling the shape of the bond market’s yield curve could tempt other central banks to consider deploying similar tactics as they grapple with a rise in borrowing costs that could cripple their economies. FILE PHOTO: A man wearing a protective mask......

Euro zone corporate lending growth slows as monthly flows dry up

Reuters
FILE PHOTO: A woman walks past the European Central Bank (ECB) headquarter as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown and a demand by the German government for more home office possibilities in Frankfurt, Germany, January 28, 2021. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Lending to......

Raising rates abruptly could jeopardise economic recovery: ECB’s Schnabel

Reuters
FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski/File Photo BERLIN (Reuters) – Raising interest rates too abruptly could jeopardise economic recovery, European Central Bank......

Black Lloyd’s of London staff distrust leaders: survey

Reuters
FILE PHOTO: A man works at a desk in the Lloyd’s of London building in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay/File Photo LONDON (Reuters) – Fewer than half Black Lloyd’s of London staff believe senior leaders in the insurance market create opportunities......

European banks have been resilient during the Covid crisis, but still face 2 major challenges

CNBC
CNBC – For more and to sign up click here People wearing face masks walks in Frankfurt am Main, western Germany, as the European Central Bank headquarter can be seen in the background. YANN SCHREIBER LONDON — European banks have seemingly weathered the coronavirus crisis well, but there are still......

Analysis: Draghi takes the reins as Italian PM, now comes the hard part

Reuters
ROME (Reuters) – Italians’ hopes in Mario Draghi could hardly be higher. But the former European Central Bank chief, who was sworn in as the country’s new prime minister on Saturday, will have a tough time fulfilling them. FILE PHOTO: Incoming Italian Prime Minister Mario Draghi leaves after a meeting......

Europe will need fiscal help into 2022: Lagarde

Reuters
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, March 12, 2020. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Euro zone states must keep fiscal spending up this year and into......

German lawmakers turn sights on finance ministers in Wirecard fraud fiasco

Reuters
By John O’Donnell, Tom Sims FRANKFURT (Reuters) – Fresh from toppling the head of Germany’s top financial regulator last week, lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies. FILE PHOTO: German Finance Minister Olaf Scholz attends a session at the lower house of......

ECB’s Lane says stocks, bank bonds not in toolbox: paper

Reuters
FILE PHOTO: Executive Board member of the European Central Bank Philip Lane attends the Fortune Global Forum in Paris, France, November 18, 2019. REUTERS/Gonzalo Fuentes FRANKFURT (Reuters) – The European Central Bank’s chief economist Philip Lane played down the prospect of the ECB buying stocks or bank bonds as part......

Rate hike would be devastating: ECB’s Schnabel

Reuters
FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski/File Photo BERLIN (Reuters) – Raising euro zone interest rates in the current environment would have a......

Italian president has not contacted former ECB chief Draghi: source

Reuters
FILE PHOTO: Italian President Sergio Mattarella attends a farewell event for the European Central Bank’s (ECB’s) outgoing President Mario Draghi in Frankfurt, Germany October 28, 2019. Paolo Giandotti/Presidential Palace/Handout via REUTERS ROME (Reuters) – Media reports saying Italian President Sergio Mattarella had contacted ex-European Central Bank chief Mario Draghi are......

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