Mario Draghi

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Mario Draghi - Total results - 26
Fed slashes rates; global central banks coordinate to cushion world economy from coronavirus blow
Business

Fed slashes rates; global central banks coordinate to cushion world economy from coronavirus blow

In a news conference, Federal Reserve chairman Jerome Powell said the epidemic was having a “profound” impact on the economy, forcing whole industries like travel and leisure offline.

Asian shares hit five-week highs, wager all on dovish Fed; US-China meet end of month revive trade hopes
Business

Asian shares hit five-week highs, wager all on dovish Fed; US-China meet end of month revive trade hopes

Asian shares hit five-week highs on Wednesday as investors hoped the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day

Does European Central Bank's stimulus move have any message for the RBI?
Business

Does European Central Bank's stimulus move have any message for the RBI?

For India, instead of the RBI, it is the government which can be more effective in stimulating demand

ECB rejected Greek funding line request for extra €6 bn: sources
World

ECB rejected Greek funding line request for extra €6 bn: sources

Concerned at the withdrawals, the Bank of Greece asked the ECB's Governing Council to add an extra €6 billion to an 89-billion-euro emergency credit line on Sunday, to cover the expected shortfall of cash.

Photos: FEMEN crash European Central Bank President Mario Draghi
World

Photos: FEMEN crash European Central Bank President Mario Draghi

The European Central Bank's news conference was briefly interrupted when a young woman from FEMEN charged at ECB chief Mario Draghi calling for an "end to the ECB dictatorship". She jumped onto the podium where Draghi was seated but was quickly apprehended and escorted out of the premises before the news conference resumed.

Bond buying: European Central Bank just joined the money printing party
Business

Bond buying: European Central Bank just joined the money printing party

The ECB has decided to buy bonds worth € 60 billion ($69 billion) every month from March 2015 to September 2016. This bond buying is referred to as “asset purchases” by central banks, “quantitative easing” by most of the Western press and economists and “money printing” by people who want to call a spade a spade.

ECB's Mario Draghi says large majority in favour of QE, US stocks open on a high
Business

ECB's Mario Draghi says large majority in favour of QE, US stocks open on a high

Draghi said at a news conference following the ECB's monetary policy meeting that governing council members had been "unanimous in stating that the asset purchase programme is a true monetary policy tool in a legal sense".

World markets headed for second week of gains as ECB signals QE expansion
International

World markets headed for second week of gains as ECB signals QE expansion

World shares headed for a second week of gains on Friday after more reassuring U.S. data, while the yen pulled out of its dive as Japan's finance minister warned its recent weakening had been "too rapid".<br />

ECB cuts interest rates to record lows to battle eurozone deflation threat
International

ECB cuts interest rates to record lows to battle eurozone deflation threat

The ECB cut its main refinancing rate to 0.05 percent from 0.15 percent.

Asian stocks hit seven-year high on eurozone hopes
Money

Asian stocks hit seven-year high on eurozone hopes

The groundbreaking call by European Central Bank President Mario Draghi for more action on both the monetary and fiscal fronts has markets wagering that fresh steps could come as soon as next week when the central bank's governing council meets.<br />

ECB set to hold fire on rates, eyes risks from Ukraine conflict
International

ECB set to hold fire on rates, eyes risks from Ukraine conflict

The ECB cut interest rates to record lows in June, became the first major central bank to charge banks for holding their deposits overnight and launched a new ultra-cheap, four-year loan programme, dubbed TLTROs, to be rolled out later this year.<br />

ECB set for rate cut as inflation falls sharply
Economy

ECB set for rate cut as inflation falls sharply

The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.

ECB revises 2013 forecast for eurozone; expects economy to contract
Economy

ECB revises 2013 forecast for eurozone; expects economy to contract

The European Central Bank, or ECB, on Thursday revised its 2013 forecast for the eurozone downward, with the area's economy now expected to contract 0.40 percent.

Watch what central bankers say, not what they do
Economy

Watch what central bankers say, not what they do

Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.

Draghi defends bond-buying plan, says now up to governments
Economy

Draghi defends bond-buying plan, says now up to governments

European Central Bank President Mario Draghi offered a vigorous defence of the bank's bond-buying plans to a sceptical German audience on Tuesday and said it was now up to governments to follow up with decisive policy steps of their own.

ECB says no limit on new bond buys; cuts growth forecast
Economy

ECB says no limit on new bond buys; cuts growth forecast

The European Central Bank will not set a limit on how much sovereign debt it can buy under its new bond-buying programme and will not expect better treatment than other creditors as it has in the past

ECB holds rates as inflation overshadows growth risks
Economy

ECB holds rates as inflation overshadows growth risks

Annual eurozone inflation accelerated to 2.6 percent in August from 2.4 percent in July, coming in stronger than expected and further above the ECB's target of just below 2 percent.

Draghi to deliver renewed bond plan at ECB meeting
Economy

Draghi to deliver renewed bond plan at ECB meeting

European Central Bank chief Mario Draghi faces the most decisive moment of his presidency on Thursday when he tries to heal divisions among policymakers and deliver on his promise to save the euro.

ECB inches forward to tackle crisis with bonds offer
Economy

ECB inches forward to tackle crisis with bonds offer

The eurozone is inching towards a new plan to tackle its debt crisis in a three-dimensional game of chicken among all the main players.

Euro is irreversible: Mario Draghi
World

Euro is irreversible: Mario Draghi

The ECB chief last week had promised to take steps to save euro and intervene in the market to push down the borrowing costs for debt-ridden European countries.