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Topic

European economy

ECB's Panetta: we must maintain stimulus until inflation hits 2pc

ECB's Panetta: we must maintain stimulus until inflation hits 2pc

Published 26 Apr, 2021 06:16pm
  • Panetta said the ECB could and should keep credit cheap for a long time, even if borrowing costs around the world rise as a result of a booming US economy.
  • "For the ECB, this implies that we will have to maintain very favourable financing conditions well beyond the end of the pandemic period," he added.
Gold rebounds in Asia

Gold rebounds in Asia

Published 02 Apr, 2021 04:58am
SINGAPORE: Gold gained in Asian trade on Thursday from a three-week low hit in the previous session, as the US ...
Euro slips in Europe

Euro slips in Europe

Published 30 Mar, 2021 05:45am
ROTTERDAM/LONDON: The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France...
Euro set for biggest monthly drop since mid-2019; yen shorts grow

Euro set for biggest monthly drop since mid-2019; yen shorts grow

Published 29 Mar, 2021 05:57pm
  • The euro slipped 0.2% in London trading at $1.1774, nearing last week's four-and-a-half-month trough of $1.1762. On a monthly basis, it is down 2.3%, its biggest drop since July 2019.
  • In a nutshell, the US economy is much stronger and miles ahead in the immunization game compared to Europe's and Japan's, and this ultimately translates into the Fed normalizing policy years before the ECB or the BoJ.
Eurozone inflation steady

Eurozone inflation steady

Published 03 Mar, 2021 05:49am
BRUSSELS: The rise in eurozone consumer prices steadied in February, official data showed on Tuesday, as the slump ...
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