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European Central Bank

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ECB: banks risk being hooked on bailouts

20.11.09
The head of the European Central Bank today warned that banks run the risk of becoming addicted to the cheap funding it has supplied to save the system from collapse ... more

Oz chalks up a wizard jobs rise

08.10.09
The bonzer Australian economy, which this week became the first major economic power to increase interest rates after the global recession, added 40,600 jobs last month while its peers in the west suffered rising unemployment ... more

Global markets to stay ‘sweet’ as G20 keeps stimulus regime

04.09.09
Global stock markets were today tipped to enjoy a “sweet spot” for some time as world leaders plough on with stimulus packages for the economy ... more

King leaves rates on hold and prints £50bn

07.05.09
The Bank of England promised to pump an extra £50 billion into the economy to drag Britain out of recession... more

Euro falls as Trichet champions the dollar

17.04.09
The euro fell to its lowest level for a month against the dollar after president of the European Central Bank Jean-Claude Trichet admitted a strong dollar was in America's interests... more

Footsie shoots above 4000 on hopes of an end to downturn

02.04.09
Shares in London and across the world shot ahead tonight amid hopes of a deal by world leaders at the G20 summit... more

Euro zone February unemployment jumps, showing pace of slump

01.04.09
Unemployment in the euro zone jumped more than expected in February to 8.5%, underlining the speed of economic deterioration a day before the ECB meets on interest rates... more

Dark time for Europe as recession deepens

13.02.09
Economics: Europe is bracing itself for a deep and prolonged recession after figures showed the German and French economies in sharp decline... more

ECB plays at catch-up with cut of half a point

15.01.09
Economy: The European Central Bank reduced its interest rates by half a percentage point to 2% as it finally dawned on policymakers there that the economic crisis is coming to Europe fast... more

Worldwide economy reels under new blows

09.01.09
Economy: Britain’s manufacturing industry is in its worst decline for almost 30 years, US unemployment is at its highest level for more than 15 years and Europe’s recession is rapidly catching up with the rest of the world’s... more

Sterling claws back ground from the euro

05.01.09
Economy: Foreign exchange traders are putting their money behind sterling in the first signs of a fightback for the beleaguered British currency. ... more

Sterling dives yet again but traders look for a rebound

29.12.08
Economy: The pound crashed to a fresh low against the euro but many analysts predict it is set for a rebound... more

Battered sterling tumbles towards parity with euro

05.12.08
Sterling is on course for its worst week ever against the European single currency, raising the prospect of a one pound euro... more

Pound could soon be worth just one euro

05.12.08
Sterling was on course for its worst week ever against the European single currency, raising the prospect of a one pound euro. ... more

France steers ECB toward sharp action

02.12.08
The global nature of the economic crisis is underlined as France calls for deep rate cuts in Europe following similar moves in Australia... more

Rates pointer as Oz cut is bigger than expected

04.11.08
Australia's central bank has cut its benchmark interest rate by a larger-than-expected three-quarters of a point, adding to expectations that the Bank of England and European Central Bank will also make reductions... more

Fed to step up battle against recession with new rate cut

29.10.08
Economy: The US Federal Reserve is set to slash interest rates as central banks around the world accelerate the fight against recession... more

It's dollars unlimited to boost liquidity

13.10.08
Credit crunch: Unlimited amounts of dollars will be available to the commercial bank lending market as the US Federal Reserve continues to stand behind attempts to kick-start liquidity in the money markets... more

Goldman and Morgan can only blame

19.09.08
The heads of Morgan Stanley, Goldman Sachs and the rest have been sternly condemning the evil short sellers in hedge funds for wreaking havoc on their share prices, spreading panic among counterparties and generally being beastly... more

Growth pledge Darling would like to forget

02.09.08
While Alistair Darling’s interview for The Guardian was candid about the economy, his Budget speech in March — only four months ago, let us not forget — was decidedly less so... more

Rush to dollar hits pound and the euro

11.08.08
The pound plunged to its lowest since November 2006 today over concerns about the global economy... more

ECB lifts interest rates as inflation worries grow

03.07.08
The European Central Bank have raised interest rates for the first time since the onset of the credit crunch as it stepped up its fight against inflation... more

Service-sector setback surprise

23.06.08
European manufacturing and service-sector companies' activity levels unexpectedly shrank in June, leading to further worries that an expected interest rate rise would hurt the economy... more

ECB celebrates euro's 'success'

02.06.08
Continental bankers and politicians celebrated the tenth anniversary of the European Central Bank, hailing it, and the single currency it oversees, as one of the biggest successes of post-War Europe... more

Tackling inflation priority as crunch goes on - Trichet

19.05.08
The credit crunch is far from over, according to European Central Bank president Jean-Claude Trichet... more

Price fears hold Bank back from a rate cut

08.05.08
The Bank of England resisted calls to make its first back-to-back cut in interest rates in nearly seven years as the threat of rising inflation persisted... more

Abbey doubles share of the home loans market

14.04.08
Abbey has emerged as unlikely winner as rivals forced to cut offers and raise interest rates... more

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