European Central Bank

ECB says Italy's MPS bank needs billions more in rescue funds

Ailing Italian bank Monte dei Paschi di Siena (MPS) needs to fill a larger capital gap than originally reported, the Italian bank stated late Monday citing new figures from the European Central...

ECB meets overshadowed by threat of crisis in Italy

The European Central Bank met on Thursday to consider launching another round of monetary stimulus but the meeting was overshadowed by the threat of a political and banking crisis in Italy.

Eurozone inflation hits two-and-half year high in November

Inflation in the 19-member eurozone rose to a two-and-half year high in November, helping to ease the pressure on the European Central Bank as it struggles to keep consumer prices in positive...

ECB urges HNB audit be done in non-political, independent way

The European Central Bank (ECB) holds that the audit of the Croatian National Bank (HNB) by the State Audit Office should be conducted "on a non-political, independent and purely professional...

ECB to hold rates, decides against extending bond-buying scheme

The European Central Bank left its key interest rates at historic lows on Thursday and left its 80-billion-euro-a-month ((88-billion-dollar) bond-buying programme unchanged as it considers further...

South Korea's Hyundai gets ECB approval to open bank in Europe

Seoul (dpa) - South Korean carmaker Hyundai Motor Group announced Monday that it received approval from the European Central Bank (ECB) to open a new bank in Europe to offer car financing.

More reforms, dose of inflation prescribed for Europe's sickly banks

European Central Bank President Mario Draghi is confident that unprecedented monetary policies

Draghi defends ECB policy in front of critical German lawmakers

European Central Bank chief Mario Draghi defended his ultra-loose monetary policy when he faced some of his staunchest critics in Germany on Wednesday.

ECB governor protests over Slovenian police operation

European Central Bank (ECB) governor Mario Draghi has officially protested over a Slovenian police investigation in the offices of the Slovenian central bank, which is part of the Eurosystem, a...

Italy's banking crisis deepens as MPS shares collapse on ECB demands

Monte dei Paschi di Siena (MPS) shares fell to a record low Monday on reports that the European Central Bank (ECB) wants the troubled Italian lender to reduce its exposure to bad loans, piling the...

Eurozone inflation revised upward to 0 per cent in March

Annual inflation in the eurozone reached 0 per cent in March, the EU statistics office Eurostat said Thursday, revising upward an earlier estimate of minus 0.1 per cent.

Bundesbank: Positive outlook in Europe despite deflation risk

The outlook for the German and eurozone economies is positive despite an increased risk of deflation, the head of Germany's central bank said Wednesday after announcing Bundesbank profits of 3.2...

Unprecedented amount of counterfeit money withdrawn in 2015, says ECB

An unprecendented number of counterfeit euro notes were withdrawn from circulation worldwide in 2015, the European Central Bank (ECB) said in Frankfurt on Friday.