Tag Archives: European Central Bank

Oil prices were steady on Thursday after an European Central Bank (ECB) decision to slow interest rate hikes but were unable to claw back much of this week’s more than 8% decline as demand concerns in major consuming countries continued to weigh. Brent futures were up 28 cents, or 0.39%, …

EU residents, particularly Italians, are struggling to pay for food and other amenities with many saying their standard of living has fallen drastically due to the increased interest rates by the European Central Bank. The recent decision by the European Central Bank to raise interest rates by a further 0.5% …

The European Commission will present a pandemic recovery plan next week that will exceed 1 trillion euros in a mix of grants and loans, Executive Vice President Valdis Dombrovskis said on Tuesday. Dombrovskis, speaking at a press conference after a meeting of EU finance ministers, welcomed a proposal put forward …

The eurozone economy shrank at the sharpest pace on record in the first quarter as the Covid-19 pandemic forced countries into lockdown. The first estimate of GDP between January and March showed a contraction of 3.8%, worse than during the financial crisis. Separate figures revealed a steep fall in economic …