News | Latest Breaking News Stories & Headlines

ECB keeps euro zone interest rates at 0.5%

ECB rates to stay low until recovery stronger

The European Central Bank has lifted its growth forecast for the euro area for this year to -0.4%, up from -0.6%.

European Central Bank keeps rates at record lows of 0.5%

Rates to stay low for an extended period of time

The European Central Bank left interest rates at a record low 0.5% today and affirmed that they will remain there for some while to come and could yet fall further.

Business • 01 Aug 13

Sentix euro zone break-up in index eases

Euro break-up risk falls by two thirds - survey

The number of investors who think a country will leave the euro zone soon has dropped by two thirds since last year.

Business • 29 Jul 13

Rates to stay at record low for extended time:ECB

The European Central Bank will keep interest rates at record lows for an extended period and could yet cut them further, the bank's chief Mario Draghi said today.

Business • 04 Jul 13

EBC President Mario Draghi says bank ''ready to act again when needed''

Up to governments to help euro economy - Draghi

The European Central Bank head said today that the bank "stands ready to act" with measures to boost the struggling European economy.

Business • 26 Jun 13

Mario Draghi rejects argument that ECB programme would transfer risk of loss from indebted countries to better off ones

Draghi defends ECB crisis measures

European Central Bank head Mario Draghi has again defended the ECB's bond-buying programme.

Business • 25 Jun 13

ECB President Mario Draghi cuts outlook for euro zone economy

ECB lowers euro zone outlook as rate held at 0.5%

European Central Bank President Mario Draghi has announced a cut in the bank's outlook for growth for the euro zone.

Business • 06 Jun 13

Mario Draghi said the threat of the ECB buying bonds had played a key role in calming financial markets

Eurozone economy to recover later this year

The eurozone economy is on track for a gradual recovery later this year.

News • 04 Jun 13

ECB chief Mario Draghi says bank stands ready to act if needed

ECB cuts main interest rate to 0.5%

European Central Bank President Mario Draghi has not ruled out more central bank action to help the lagging euro zone economy.

Business • 02 May 13

ECB President to host this month's bank's meeting in Bratislava

ECB weighs rate cut as euro economy struggles

Economists say the ECB could cut interest rates as soon as today because of fears that the euro area's economy is not recovering.

Business • 02 May 13

ECB chief Mario Draghi looking for ways to help SMEs access credit

Draghi urges quick action on bank authority

European Central Bank President Mario Draghi has said there is no such thing as currency war raging at this moment.

Business • 15 Apr 13

The ECB has held its interest rate at 0.75% for the past nine months

Draghi critical of initial Cyprus bailout plan

The head of the European Central Bank Mario Draghi has attacked the first bailout plan for Cyprus.

Business • 04 Apr 13

ECB chief Mario Draghi says markets ''less agitated'' by Italian election than politicians and the media

Draghi eyes recovery in second half of the year

The head of the European Central Bank has said the euro zone economy is stabilising and that a "gradual recovery" should start in the second half of the year.

Business • 07 Mar 13

Mario Draghi notes positive aspect of Anglo promissory note deal

Promissory note deal will be examined by ECB

European Central Bank President Mario Draghi has told the European Parliament that they will examine the Irish promissory note deal later in the year to see if it complies with the European treaties.

News • 18 Feb 13

ECB keeps euro zone rates steady at 0.75% today

Euro zone economy should recover later in the year

Economic activity in the euro area should gradually recover later in 2013 but there are more negative risks than positive ones, European Central Bank President Mario Draghi said today.

Business • 07 Feb 13

Taoiseach Enda Kenny says that the country will not have to repay €3bn a year or to borrow €20bn over the next ten years

Deal reached with ECB over Anglo promissory notes

A deal has been reached with the European Central Bank in relation to the promissory note used to bail out the former Anglo Irish Bank.

News • 13 Feb 13

It is understood the Govt is planning to liquidate IBRC and the Irish Nationwide Building Society

Government proposes legislation to wind up IBRC

The Dáil is debating emergency legislation to wind up the Irish Bank Resolution Corporation from midnight.

News • 07 Feb 13

Michael Noonan said he expects 2013 will be the year when the economy turns

Promissory note talks proceeding 'satisfactorily'

Minister for Finance Michael Noonan has said there is no payment due on the promissory note until 31 March, and negotiations on a deal are proceeding "satisfactorily".

News • 04 Feb 13

Mario Draghi said governments need to move on structural reforms to make their economies grow faster

Euro zone reforms needed for growth - Draghi

The European Central Bank President admits the renewed calm in the euro area's markets has yet to be reflected in the wider European economy.

Business • 25 Jan 13

Key measures in Draghi's first year as ECB chief

European Central Bank chief Mario Draghi has been in the job since November 2011.

Business • 10 Jan 13

Euro zone rescuer Draghi faces daunting 2013

With two short sentences, the head of the European Central Bank took the heat out of the euro zone crisis this year.

Business • 31 Dec 12

ECB cuts growth outlook for euro zone

European Central Bank president Mario Draghi has said the bank has cut its growth outlook for next year.

Business • 06 Dec 12

ECB, IMF press euro zone on reforms

The euro zone crisis is far from over and its members must consolidate their budgets and forge a banking union to put the bloc on a more stable economic footing, the IMF and ECB leaders said.

Business • 30 Nov 12

ECB holds interest rate at 0.75%

The European Central Bank expects the eurozone economy to remain poor, its President Mario Draghi said after the bank left interest rates unchanged.

News • 08 Nov 12

No change from ECB on euro zone rates

The European Central Bank expects the euro zone economy to remain poor, its President Mario Draghi said after the bank left interest rates unchanged today.

Business • 08 Nov 12

Mario Draghi