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No interest rate changes from European Central Bank today

ECB stays on course to curb stimulus

The European Central Bank kept policy unchanged as expected today, staying on track to end bond purchases this year and raise interest rates next autumn despite protectionist moves around the globe drag on growth.

Business • 13 Sep 18

ECB President Mario Draghi said the ECB does not see the need to modify or to add new language to its forward guidance on rates

ECB keeps policy unchanged, sees QE ending this year

The European Central Bank reaffirmed that it will end its €2.6 trillion euro stimulus programme this year, saying the risks from an unpredictable global trade conflict did not warrant any deviation from its plan.

Business • 26 Jul 18

Daniele Nouy's five-year term is due to end on December 31

Race for top ECB supervisor job gets under way

The European Central Bank has advertised for a new bank supervisory chief, looking for an expert to oversee a bloated and inefficient sector that is still weighed down by the legacy of the bloc's debt crisis.

Business • 16 Jul 18

ECB President Mario Dragi said he was happy with current market expectations on interest rates

ECB to take patient and gradual approach to rate hikes

The European Central Bank will be patient in tightening policy further, the ECB President said today.

Business • 19 Jun 18

ECB President Mario Draghi said the euro zone is facing uncertainties related to global factors, including the threat of increased protectionism

ECB to keep rates at record lows until summer 2019

The European Central Bank today cut its 2018 euro zone growth forecast from 2.4% to 2.1%, blaming the threats of rising protectionism and global trade tensions for clouding the outlook.

Business • 14 Jun 18

European Central Bank chief economist Peter Praet suggests the ECB is happy with the rise in euro zone inflation

ECB to debate next week whether to end QE this year

The European Central Bank will debate next week whether to end bond purchases later this year, the bank's chief economist has said.

Business • 07 Jun 18

Mario Draghi argued the economy is humming along and the exceptional growth readings seen around the turn of the year were never expected to be sustained

'Some moderation' in euro zone growth pace - Draghi

European Central Bank chief Mario Draghi today played down concerns over softness in the euro zone economy as the ECB kept policy on hold.

Business • 26 Apr 18

European Ombudsman Emily O'Reilly had recommended that Mario Draghi gave up his membership of the elite club

Draghi to stay in G30 club despite watchdog's warning

European Central Bank President Mario Draghi has decided to remain a member of the opaque Group of 30 club of top figures in finance despite a watchdog's call to leave it to protect the ECB's reputation.

Business • 18 Apr 18

Mario Draghi warns that the world had only seen 'the first round' in the row between the US and China

Draghi sees little impact from trade tensions - for now

European Central Bank chief Mario Draghi said today that the US-China trade spat has so far had little impact on the euro zone economy, but warned that the risk of further retaliation was a key concern.

Business • 11 Apr 18

Mario Draghi has said the impact of the volatility on world stock markets so far is 'minor'

Stock volatility no big factor for ECB so far - Draghi

A slide in stock markets this year has not materially impacted euro zone financial conditions, European Central Bank President Mario Draghi has said.

Business • 10 Apr 18

ECB President Mario Draghi said that euro zone banks continue to face some key challenges

ECB finds €10 billion problem in banks' loan books

European Central Bank inspectors found shortcomings and miscalculations worth more than €10 billion when going through euro zone banks' loan books last year, the ECB said today.

Business • 26 Mar 18

ECB President Mario Draghi has argued that inflation was not yet on a sustained path, requiring patience

ECB to end bond buys only when inflation is sustainable

The European Central Bank needs further evidence that inflation is rising towards its target and will end asset buys only when it is satisfied that price growth is on a sustained path towards its objective, two of the ECB's top officials said today.

Business • 14 Mar 18

Mario Draghi said any US move on tariffs would add more generally to concerns over international relations

ECB drops pledge to increase bond buys, if needed

The European Central Bank held its key interest rates at historic lows and kept its massive support for the euro zone economy in place after a governing council meeting today.

Business • 08 Mar 18

Changes in ECB policy stance premature, minutes of January meeting show

ECB pays out €1.3 billion profit to central banks

The European Central Bank earned a net profit of €1.275 billion in 2017, up by €82m from a year earlier.

Business • 22 Feb 18

Mario Draghi said that banning or regulating such tokens was not one of the ECB's tasks.

ECB's Draghi says not his job to regulate Bitcoin

It is not the European Central Bank's job to regulate Bitcoin, its President Mario Draghi has said, while warning the public about the risks associated with the volatile cryptocurrency.

Business • 14 Feb 18

Professor Philip Lane was appointed governor of the Central Bank in October 2015 on a seven-year term

Central Bank chief nominated for ECB job

The Finance Minister has nominated Central Bank Governor Philip Lane for the post of vice president at the European Central Bank.

Business • 30 Jan 18

The euro surged to $1.2538, its highest level since December 2014, at on stage today

Euro above $1.25 for first time since December 2014

The euro briefly shot past $1.25 to a new three-year high today after Mario Draghi said the ECB did not target foreign exchange rates when asked about the strength of the currency.

Business • 25 Jan 18

The ECB President said the recent volatility in exchange rates represents a source of uncertainty which needs monitoring

Exchange rate volatility a 'source of uncertainty'

The European Central Bank has today again promised to keep rates steady until well after the end of its bond buys and maintained a pledge to boost the purchases, if necessary.

Business • 25 Jan 18

Exchange rate shifts are a mere side effect and not the objective of the ECB's policies, Mario Draghi has said

Euro moves a side effect of ECB policy - Draghi

The European Central Bank's bond buys have not led to "statistically significant" moves in the euro, the ECB president Mario Draghi said today.

Business • 24 Jan 18

The European Central Bank holds a key meeting this week

Five questions for the European Central Bank

The European Central Bank meets on Thursday against a backdrop of heightened speculation over when it will end its vast stimulus and signal a rise in interest rates from record lows.

Business • 22 Jan 18

European Ombudsman Emily O'Reilly has concerns about the ECB's independence

EU Ombudsman urges ECB's Draghi to leave G30 club

ECB President Mario Draghi should give up his membership of the opaque Group of 30 consultative body because it risks hurting public confidence in the ECB's independence, the European Ombudsman has said.

Business • 18 Jan 18

Central Bank Governor Philip Lane and Deputy Governor Sharon Donnery may be potential contenders for top ECB jobs

Ireland considering long game in push for top ECB posts

The European Central Bank is heading into a two-year shakeup of its top officials which could present Ireland with some new opportunities.

Business • 16 Jan 18

ECB President Mario Draghi said the revision of the macroeconomic projections is 'going in the right direction'

ECB keeps policy unchanged, raises growth forecasts

The European Central Bank has raised growth and inflation forecasts for the euro area, but stuck to its pledge to provide stimulus for as long as needed.

Business • 15 Dec 17

Fed chief Janet Yellen, ECB chief Mario Draghi and Bank of England's Mark Carney at the event in Frankfurt today

Central bankers vow to talk investors out of easy money

Four of the world's top central bankers promised today to keep openly guiding investors about future policy moves as they slowly withdraw the huge monetary stimulus rolled out during the financial crisis.

Business • 14 Nov 17

The morning business news with Adam Maguire

Interest rate rises on the horizon

The US Federal Reserve last night voted to hold its interest rates steady for another month - but signalled a likely rate rise when it meets again in December.

Business • 02 Nov 17