Euro Rate

The success of the ECB’s three-year lending operation in December, which saw banks borrow 489 billion euros ($644 billion) at very low interest rates, has been a key factor in encouraging the view that the central bank will wait. “The ECB’s …

bdailyECB cash pushes Euribor rates down towards 1 pctReutersFRANKFURT, Feb 3 (Reuters) – Euro priced bank-to-bank lending rates continued their slide towards the 1 percent mark on Friday, as the money market readied itself for another huge dump of ult…

Financial TimesMONEY MARKETS-Bank-to-bank euro rates continue to fallReuters(Updates with Libor fixings) FRANKFURT/LONDON, Feb 2 (Reuters) – Bank-to-bank euro lending rates fell on Thursday as the ECB's injection of almost half a trillion euros in …

FRANKFURT (Reuters) – The European Central Bank kept euro zone interest rates unchanged at a record low of 1.0 percent at its first policy meeting of the year in January. Below are highlights of ECB policymakers’ comments since their last meeting on Ja…

The ECB reduced its main interest rate twice last quarter, to 1 percent from 1.5 percent. It followed those by allotting 489 billion euros of three-year loans to euro-area lenders in December to ward off a funding squeeze. The central bank will …

BloombergFed Inflation-Unemployment Mandate Shows Bernanke's Model Better in CrisisBloombergUnlike the Fed, the ECB is mandated to deliver price stability, which it defines as headline inflation running at just below 2 percent in the medium term. T…

Euro zone industrial production looks likely to decline in … That will give the central bank ample room to cut interest rates. Having left them on hold in January, economists expect the ECB will cut rates to a new record low of 0.75 per …

Bernanke than Jean-Claude Trichet in 2012. With the euro area’s debt crisis pulling its economy into a second recession in three years, Draghi soon may cut the ECB’s benchmark interest rate below 1 percent for the first time and help banks …

Euro Pares Loss as ECB Buys Italy Debt; Stocks Little ChangedBusinessWeekThe euro fell as much as 0.5 percent to 97.04 yen, the least since Aug. 25, 2010. The euro slipped 0.2 percent to $1.2654, after dropping 0.4 percent to $1.2626. Spain's 10-ye…

While Draghi still warned of “substantial downside risks,” the ECB voted to keep interest rates at a record low. EU President Herman Van Rompuy said on Jan 11 that the current euro exchange rate against the dollar, “is favorable for exports.”