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> Posts tagged "ECB" (Page 2)

Low and negative interest rates: Overview

hen examining the current interest rate levels in the USA and Europe, two movements can be observed. First, a sustained decline in long-term interest rates that has lasted for the better part of the last two decades. That has been driven by demographic factors, the progressive integration of China into

ECB unveils new 50 EUR banknote

The European Central Bank (ECB) unveiled the new €50 banknote, which will enter into circulation on 4 April 2017. The introduction of the new note marks the latest step in making euro banknotes even more secure. After the €5, €10 and €20, the €50 is the fourth denomination in the

EC: Spring 2016 Economic Forecast

Commission forecasts euro area growth of 1.6% and EU growth of 1.8% in 2016. conomic growth in Europe is expected to remain modest as key trading partners' performance has slowed and some of the so far supportive factors start to wane. As a result, GDP in the euro area is forecast

EP: Completion of Banking Union on track

he European Commission and the European Supervisory Authorities should conduct an in-depth assessment of the effect of increasing capital requirements in current and future legislation on credit supply, especially to small and medium sized companies, Parliament says in a resolution on the state of the Banking Union. MEPs support the

ECB: Changes to euro foreign exchange reference rates

he ECB is changing the publication time of the euro foreign exchange reference rates (ECB reference rates) from around 14:30 CET to around 16:00 CET as of 1 July 2016. The ECB reference rates will continue to be determined using the current methodology, which is based on a point-in-time snapshot

Instant payments across the EU by November 2017

he Euro Retail Payments Board (ERPB), a group chaired by the European Central Bank that brings together associations of providers and users of payment services, has invited the European Payments Council, a body representing the payment service providers in Europe, to develop a scheme for instant payments in euro by

The EU economy Autumn 2015 forecast

he economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy. Against a backdrop of declining oil prices, accommodative monetary policy and a relatively weak

Ending EU citizens’ bank secrecy in Switzerland?

arliament adopted its stance on a deal with Switzerland to make it harder for EU citizens to hide cash from the tax man in Swiss bank accounts, in a vote on Tuesday. Under the deal, the EU and Switzerland will automatically exchange information on the bank accounts of each other's

EMU: Fiscal, Financial, Economic & Political Union

urope's Economic and Monetary Union (EMU) is in much better shape today than it was before the financial crisis. However, despite progress, particularly as regards reinforcement of the economic governance and the launch of the Banking Union, the EMU remains incomplete. Divergence in economic performance across the euro area is

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