Mario Draghi

Global regulators seal final post-crisis banking rules

Frankfurt am Main - Muslimchronicle

Regulators from around the world polished off the final set of new regulations for banks in Frankfurt on Thursday, the Basel Committee on Banking Supervision said in a statement, closing a saga begun at the height of the financial crisis. Completing the so-called "Basel III" reforms "represents a major milestone that will make the capital framework more robust and improveRead more

German inflation slumps in October

Washington - AFP

Inflation in Germany slid in October, official data showed Monday, underscoring the challenge of the European Central Bank reaching its price growth target. Prices increased 1.6 percent year-on-year in October, federal statistics authority Destatis said in preliminary figures, slightly short of forecasts from analysts surveyed by Factset. Measuring using the harmonised index of consumer prices, the ECB's preferred yardstick, producedRead more

ECB's Draghi says stimulus won't 'stop suddenly'

Frankfurt - Muslimchronicle

European Central Bank president Mario Draghi on Thursday said the bank would not bring its massive bond-buying scheme to an abrupt end, reassuring markets as it took a first step towards scaling back extraordinary stimulus. "The decision today is for an open-ended programme," Draghi told reporters after the ECB announced it would halve its bond purchases to 30 billion eurosRead more

ECB slightly lowers 2018, 2019 inflation forecasts

Frankfurt am Main - Muslimchronicle

The European Central Bank on Thursday slightly lowered its inflation forecasts for the next two years, chief Mario Draghi said. Consumer prices are expected to rise by 1.2 percent in 2018, and by 1.5 percent in 2019, said the ECB, shaving 0.1 percentage points off each of the two forecasts. The bank kept its 2017 inflation projection unchanged at 1.5Read more

Exchange rate volatility is 'source of uncertainty'

Frankfurt am Main - Muslimchronicle

European Central Bank chief Mario Draghi on Thursday voiced concern over the recent strength of the euro, which is putting the brakes on inflation at a time when policymakers are looking to wind down stimulus measures. "The recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-termRead more

ECB to decide on next stimulus moves 'in autumn'

Frankfurt am Main - Muslimchronicle

The European Central Bank will lay out its next stimulus moves "this autumn", chief Mario Draghi said Thursday, as the bank moves closer to an exit from the era of cheap money. "This autumn we will decide on the calibration of our policy instruments beyond the end of the year, taking into account the expected path of inflation and theRead more

Draghi mum on stimulus, pleads for open trade in speech

Washington - Muslimchronicle

European Central Bank chief Mario Draghi on Friday delivered a plea for maintaining trade liberalization but acknowledged the widespread perception that lowered trade barriers had fueled inequality. However, Draghi's widely anticipated address to an annual gathering of global central bankers in Jackson Hole, Wyoming made no mention of when the ECB may wind down its multi-trillion-euro bond-buying stimulus program adoptedRead more

ECB must be 'patient' to reach inflation target: Draghi

Frankfurt am Main - Muslimchronicle

The European Central Bank must be "patient" as it pushes to bring inflation towards its target of just below 2.0 percent, president Mario Draghi said Thursday. Draghi sought to play down expectations that the bank could soon announce an end to its mass bond-buying policy in a press conference following a regular policymakers' meeting in Frankfurt. source: AFPRead more

Draghi to calm waters ahead of easy-money exit

Frankfurt am Main - AFP

European Central Bank chief Mario Draghi will carefully prepare markets for a long-awaited end to the institution's easy-money policy Thursday, analysts expect, but stop short of calling time immediately. Most observers predict the Frankfurt-based institution will chart a path to the exit from its "quantitative easing" (QE) mass bond-buying programme at one of its four remaining meetings in 2017. ThatRead more

Banks loosened loan rules in second quarter: ECB

Frankfurt am Main - AFP

Eurozone banks offered businesses and households easier access to credit and more lenient repayment conditions in the second quarter, the European Central Bank said Tuesday, confounding expectations the market would tighten. "The net easing of credit standards... followed a net easing in the previous quarter, despite expectations in the previous survey round that they would tighten slightly," the ECB saidRead more