ECB

    • ECB vows to spur the EU economy

      ECB vows to spur the EU economy

      The European Central Bank expressed its intention to protect and boost EU economy. ECB noted that it is committed to enforce further and stronger stimulus packages, aimed at supporting the single currency and the European economies, bank’s board member Fabio Panetta told Reuters.

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    • ECB throws another €500bn to counter Covid-19 impact

      ECB throws another €500bn to counter Covid-19 impact

      The European Central Bank decided to disburse another 500m euro to offset negative impact on European economies caused by the Covid-19 pandemic. The decision comes just ahead of Christmas shopping madness and amid rising number of people infected with the virus across Europe. ECB on Thursday decided to raise its ongoing bond purchase stimulus by 500bn euro, to 185tn from 1.35tn, and to extend the support programme until at least March 2022 instead of the current earliest end date of mid 2021, AP reported.

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    • Dutch banker to join ECB Executive Board

      Dutch banker to join ECB Executive Board

      Frank Elderson from the Netherlands is to become a member of European Central Bank Executive Board after his candidacy was last Tuesday approved by European Parliament, the EP press service reported. The plenary voted by 319 votes in favour, 202 against and 171 abstentions, despite misgivings about gender imbalance within the board.

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    • Pandemic makes credit dirt cheap

      Pandemic makes credit dirt cheap

      Do you remember anything about credit ratings? We mean the funny looking numbers and letters that used to make credit cheaper or expensive. Well, we should all forget about that era of financial discipline. With the coronavirus death toll surging to record highs, countries around the globe spurred spending, boosting debt numbers to record levels. No one really cares about ratings anymore.

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