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Jun 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

ECB

ECB's Panetta wants stimulus until inflation hits 2pc
World

ECB's Panetta wants stimulus until inflation hits 2pc

  • "This evidence suggests that we should avoid withdrawing policy support - either deliberately or by tolerating adverse spillovers - until the output gap is closed and we see inflation sustainably back at 2%," Panetta said in a speech.
Published 26 Apr, 2021 05:56pm
Euro zone bond yields edge lower after ECB meeting
Markets

Euro zone bond yields edge lower after ECB meeting

  • IHS Markit's flash Composite PMI Index, seen as a good guide to economic health, rose to 53.7 from March's 53.2, confounding expectations in a Reuters poll for a dip to 52.8.
  • Germany's 10-year government bond yield, the benchmark of the euro area, fell 1 basis point at -0.27%.
Published 23 Apr, 2021 05:13pm
ECB keeps cheap money tap open
World

ECB keeps cheap money tap open

FRANKFURT: Christine Lagarde on Thursday underlined the European Central Bank’s commitment to cheap money as the...
Updated 23 Apr, 2021 10:04am
ECB hawks lay off taper talk at short, calm meeting
Business & Finance

ECB hawks lay off taper talk at short, calm meeting

  • The ECB decided to continue running its Pandemic Emergency Purchase Programme (PEPP) at its current clip this quarter to keep borrowing costs stable for governments, companies and households.
  • While that decision was expected, analysts were awaiting hints about the pace of PEPP after June, after governors including the Netherlands' Klaas Knot raised the prospect of dialling it down.
Updated 22 Apr, 2021 07:57pm
Stokes ruled out for three months with fractured finger
Sports

Stokes ruled out for three months with fractured finger

  • Stokes had an X-ray and CT scan on Thursday, which had revealed the extent of the damage, the ECB statement said, adding that he will fly home for surgery in Leeds on Monday.
  • "It's a big blow but it's not the end of the world because Ben Stokes would have needed resting in this difficult scheduling year anyway," former England skipper Nasser Hussain told Sky Sports on Friday.
Published 16 Apr, 2021 05:24pm
ECB should make clear its tolerance for overshooting inflation
Business & Finance

ECB should make clear its tolerance for overshooting inflation

  • The ECB has seen euro area inflation fall short of its near 2% target for eight years and expects to miss the target for years as the bloc emerges from the coronavirus crisis.
  • Nonetheless, he said there was room to improve guidance the ECB gives the market about how it aims to pursue its inflation target.
Published 13 Apr, 2021 08:43pm
Greece secures EU okay to extend 'Hercules' bad loan scheme
Business & Finance

Greece secures EU okay to extend 'Hercules' bad loan scheme

  • The scheme was launched in October 2019 to help the country's banks offload up to 30 billion euros of bad loans by turning bundles of impaired credit into asset-backed securities that can be sold to investors.
  • Deputy Finance Minister George Zavvos said that with Hercules-2 the government is determined to see a further reduction of bad loans to enable banks to fund the economy, businesses and households.
Published 09 Apr, 2021 07:16pm
Italy readies 30bn euro stimulus plan, seen pushing deficit above 10pc of GDP
BR Research

Italy readies 30bn euro stimulus plan, seen pushing deficit above 10pc of GDP

  • The money will fund additional grants to businesses forced to close due to coronavirus restrictions and extend an existing debt moratorium for small and medium-sized companies, the state auditor at the Treasury, Biagio Mazzotta, added.
  • "The next stimulus package will certainly be substantial, I think it will be worth as much as the first one approved this year," Mazzotta said at a conference on the COVID crisis.
Updated 09 Apr, 2021 12:26am