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Tag Archive: European Central Bank

  • Barclays secures €8.2bn of ECB funding

    Barclays has confirmed that it has secured €8.2 billion (£6.7 billion) of the European Central Bank’s (ECB’s) long-term refinancing operation three-year facility, provided last week. The facility will be used to manage risk associated with “mismatches” between Barclays euro-denominated assets … Read more »

  • Credit terms tighten across eurozone

    According to the latest bank lending survey from the European Central Bank (ECB), the eurozone saw a “surge” in banks tightening up their credit standards in the final quarter of 2011. Both loans to non-financial corporations and loans to households … Read more »

  • ECB announces €40bn bank refinancing

    In renewed efforts to ease bank funding conditions, the European Central Bank (ECB) is to purchase up to €40 billion of covered bonds from eurozone banks. The bonds are regarded as safer than other bank bonds because they are backed … Read more »

  • UK challenges ECB clearing house rules

    The European Central Bank (ECB) is being taken to court by the UK government over proposed changes to clearing house rules. The ECB wants clearing houses handling more than 5% of the market in euro-denominated securities to be based in … Read more »

  • Trichet: no liquidity shortage in eurozone

    European Central Bank (ECB) president, Jean-Claude Trichet, has declared “no liquidity or collateral shortage for the European banking system”. Speaking at an emergency meeting of the European Parliament’s Committee on Economic and Monetary Affairs yesterday, Mr Trichet responded to concerns … Read more »

  • ECB acts on European debt crisis

    The European Central Bank (ECB) has indicated that it is willing to buy Italian and Spanish government bonds in efforts to steady world stock markets. Having welcomed announcements by the governments of Italy and Spain concerning new measures and reforms … Read more »

  • ECB at risk with €444bn exposure to eurozone crisis

    The European Central Bank (ECB) has exposure to struggling eurozone economies of around €444 billion, of which €190 billion relates to the Greek state and Greek banks. The estimate comes from Open Europe (a think-tank dedicated to “bold new thinking” … Read more »

  • ECB tapped for €131.9bn in loans to banks

    The European Central Bank (ECB) has steadied the markets by announcing that it has lent 171 banks a total of €131.9 billion in three-month money. The figure is healthily below the €150 billion to €250 billion expected, given that tomorrow … Read more »

  • ECB keeps eurozone rate at 1%

    The European Central Bank (ECB) has elected to leave interest rates within the eurozone unaltered at 1%. The decision has been made as some major economies, including Germany, France and Japan, surprised analysts and grew in the second quarter of … Read more »

  • Eurozone rate held at 1%

    The European Central Bank (ECB) has retained the eurozone interest rate at 1%. The move mirrors the Bank of England’s Monetary Policy Committee which also elected to leave the UK interest rate unchanged at 0.5%. The eurozone rate has been … Read more »

  • Eurozone rate cut to 1%

    The Governing Council of the European Central Bank (ECB) has reduced interest rates by 25 basis points to 1%. The move follows a cut of the same size the previous month, and means that the present rate is a full … Read more »

  • ECB cuts eurozone rate to 1.25%

    The European Central Bank (ECB) has announced a cut in interest rates for the eurozone of just 25 basis points. This reduction brings the rate to 1.25%, effective from the 8th of April. Previously the ECB had cut rates by … Read more »

  • ECB cuts rates to 1.5%

    The European Central Bank (ECB) has cut interest rates from the eurozone’s previous level of 2% to 1.5%, a decrease of 50 basis points. The cut is identical in size to the one made by the Bank of England today, … Read more »

  • Interest rates fall in Eurozone, Sweden and New Zealand

    The 1% cut in the Bank of England’s base rate announced yesterday was accompanied by a record reduction in the key interest rate of the European Central Bank (ECB), which slashed rates by 0.75% in an effort to address the … Read more »

  • ECB increases interest rates by 25 basis points

    The European Central Bank (ECB) yesterday revealed its decision regarding monetary policy in the eurozone. Effective from 9 July, the lowest possible bid rate on refinancing operations of the Eurosystem rises to 4.25%, an increase of 25 basis points. On … Read more »

  • ECB President offers little hope on interest rates

    Hopes for a cut in the base rate later this year look to be fading as the president of the European Central Bank (ECB), Jean Claude Trichet, issues a warning that the European economies have yet to face the worst … Read more »