The European Central Bank

Euro zone businesses to start 2018 on near seven-year high

LONDON - Muslimchronicle

Businesses across the euro zone are ending 2017 on a near seven-year high, with demand and price pressures picking up and forward-looking indicators pointing to a busy start to 2018. The results of a key private sector survey on Thursday were better than economists polled by Reuters expected, with factories marking their best month in the survey’s two-decade history whileRead more

ECB ups eurozone growth forecasts for 2017-2019

Frankfurt am Main - Muslimchronicle

The European Central Bank on Thursday significantly lifted its eurozone growth forecasts for the coming years, as well as unveiling its first estimate for 2020. The Frankfurt institution now expects growth of 2.4 percent in 2017, 2.3 percent in 2018 and 1.9 percent in 2019. In its previous projections back in September, the bank had predicted growth of 2.2, 1.8Read more

ECB expects inflation to hit 1.7% in 2020, still below goal

Frankfurt am Main - Muslimchronicle

The European Central Bank on Thursday said it expects inflation to hit 1.7 percent in 2020, still short of the bank's target of just under 2.0 percent that is seen as most favourable for growth. For 2018, the bank slightly lifted its forecast from 1.2 percent to 1.4 percent. Consumer prices are expected to rise by 1.5 percent in bothRead 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

ECB lifts 2017 growth forecast to 2.2% from 1.9%

Frankfurt am Main - Muslimchronicle

The European Central Bank on Thursday significantly lifted its 2017 growth forecast for the eurozone from 1.9 percent to 2.2 percent, chief Mario Draghi said. The bank's projections for 2018 and 2019 remained unchanged from June, with staff pencilling in growth of 1.8 percent and 1.7 percent, respectively. source: AFPRead 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