The European Central Bank has recently raised its benchmark interest rate by one-quarter of a percentage point to 3.75 percent, in a move aimed at keeping growth in check and inflation at bay. The bank also indicated that that it was willing to tighten credit market even further. Speculations are hi[...]
Posts Tagged ‘European Central Bank’
May 28th, 2012 - 1:51 pm § in News Of Economy
European bank raises interest rate, hints at further increase
April 15th, 2012 - 8:50 am § in News Of Economy
ECB hikes key interest rates, breaches six-year high
Europe is growing faster then the United States and the economies within the euro-zone are lively. This has led to fears of a higher inflation in the near future. The European Central Bank, responding to such concerns, has raised the benchmark interest rate by 25 basis points to 4 per cent – t[...]
February 4th, 2012 - 2:00 pm § in News Of Economy
European Bank monitors US subprime fallout on money market
To curve the volatility, the European Central Bank has decided to monitor the conditions on the euro market as U.S. subprime mortgage losses continued to shake credit markets. Earlier, ECB has pumped 94.8 billion euros ($130.2 billion) in cash into the eurozone banking market to allay fears about a [...]
February 2nd, 2012 - 6:40 am § in News Of Economy
Five central banks unite to inject cash into the global econom
In an unprecedented move five major central banks of rich nations including the Bank of England, the US Federal Bank, European Central Bank and the central banks of Canada and Switzerland have come together to inject new money into the global economy to ease the financial crunch that is threatening [...]