Unemployment in Eurozone Shows Signs of Increase
Unemployment in the eurozone has risen slightly from record lows in September, indicating that the labor market is starting to loosen. This comes as higher European Central Bank interest rates…
European Banks Russian Exposure Warned of Sanctions if Moscow Invades Ukraine
(FT) The European Central Bank has told the banks under its jurisdiction having exposure to Russia to expect international sanctions if Moscow attacks Ukraine. Banks such as Citi in the…
ECB Sends a Dovish Tone as it Warns Covid-19 Pandemic Woes are Yet to Clear
(ECB) The European Central Bank has recognized the growing uncertainty from Covid-19 strains, voting to keep rates at present or lower levels until the 2% inflation target is reached. The…
ECB Expects Negative Eurozone Growth in the Fourth Quarter
European Central Bank Vice-President Luis de Guindos expects the Eurozone growth to be negative in the fourth quarter, according to Reuters. The negative growth is attributed to fresh restrictions imposed…
European Central Bank purchased €2.285T worth of bonds
ECB has purchased bonds worth €2.285T in the public sector purchase program (PSPP, QE) compared to the prior week’s €2.280T, as published by ECB. _____________________________________________________________________ The total Asset-Backed Security purchases…