Candlelites

Everything from Everywhere

europes central banks still cautious on recovery - Search

europes central banks still cautious on recovery Searched between all the resources and sites across the web. To view the full text news click on the links searched. All links are displayed with the source site.



europe’s central banks still cautious on recovery


central banks in europe showed continued caution about the region’s economic recovery on thursday, signaling that they are in no rush to follow the federal reserve in steadily raising interest rates despite a rare synchronized expansion across the world economy.the european central bank left its interest rates unchanged, even as its new economic projections forecast strong growth for the 19-nation eurozone through 2020. “the...






a specter is haunting europe’s recovery: zombie companies


what’s holding back europe’s recovery? companies and banks that are neither dead nor alivehundreds of these staggering firms, kept alive by banks, undercut healthy rivals, tie up capital and stunt the continent’s recoveryan error has occurred, please try again later.






as fed tightens, europe hangs loose


central banks in europe showed continued caution about the region’s economic recovery on thursday, signaling that they are in no rush to follow the federal reserve in steadily raising interest rates despite a rare synchronized expansion across the world economy.the european central bank left its interest rates unchanged, even as its new economic projections forecast strong growth for the 19-nation eurozone through 2020. “the...






central banks ratchet up reserves


central banks around the world are increasing foreign-currency reserves, highlighting the fragile underpinnings of the global economic recovery despite a bullish mood in financial markets.in emerging economies, reserve levels have stabilized after two years of big declines. two-thirds of the 30 biggest emerging markets increased reserves last year, according to fitch ratings. foreign-currency holdings in israel, vietnam and the...






regulator warns banks on use of new technologies


washington—banks should be cautious about taking on new technologies for financial products, a national bank regulator said friday in a semiannual report on risks facing the industry.so-called fintech firms have emerged in recent years as a competitor to banks by offering new ways to provide online credit and money transfer services, such as smartphone payments, to consumers. banks are also increasing their partnerships with those...






central banks are stockpiling foreign reserves


central banks around the world are loading up on foreign-currency reserves, highlighting the fragile underpinnings of the global economic recovery despite a more buoyant mood in financial markets.in emerging economies, reserve levels have stabilized after two years of big declines. two-thirds of the 30 biggest emerging markets grew their reserves last year, according to fitch ratings. foreign-currency holdings in israel, vietnam,...






can central banks keep control of interest rates?


investors are elated by a booming global economy and the promise of central banks to tighten monetary policy only gradually. but a question haunts them: will interest rates develop a mind of their own?while central banks set short-term rates—the 1.5% rate that the federal reserve publishes on its website—economists disagree about how much control they have over long-term borrowing costs. these are gauged by government-bond yields, especially those with returns tied to inflation....






can central banks keep control of interest rates?


investors are elated by a booming global economy and the promise of central banks to tighten monetary policy only gradually. the risk in the coming year: that long-term interest rates develop a mind of their own.so far, those longer-term rates have remained subdued, even as the u.s. federal reserve increased short-term rates three times in 2017 and other central banks signal that the era of super-easy monetary policy may soon draw to a close....






italy giving 5.2b euros in resources to keep 2 banks open


rome (ap) — the italian government on sunday made 5.2 billion euros ($5.8 billion) of resources immediately available to keep operative two banks that the european central bank has deemed “failing or about to fail,” sending them into insolvency procedures.premier paolo gentiloni defended the swift action by the government as vital for ensuring italy’s slow economic recovery isn’t derailed by a “disorderly” failure of veneto banca and banca popolare di vicenza.the two banks are based in the northeast veneto region, one of italy’s most economically productive. they serve many of the small and medium-sized businesses that are the backbone of the nation’s economy.economy minister pier carlo padoan assured italians that on monday “there will be normal operations at the teller windows” when the






italy giving 5.2b euros in resources to keep 2 banks open


rome — the italian government on sunday made 5.2 billion euros ($5.8 billion) of resources immediately available to keep operative two banks that the european central bank has deemed "failing or about to fail," sending them into insolvency procedures.premier paolo gentiloni defended the swift action by the government as vital for ensuring italy's slow economic recovery isn't derailed by a "disorderly" failure of veneto banca and banca popolare di vicenza.the two banks are based in the northeast veneto region, one of italy's most economically productive. they serve many of the small and medium-sized businesses that are the backbone of the nation's economy.economy minister pier carlo padoan assured italians that on monday "there will be normal operations at the teller windows" when the two b






ecb: 2 troubled italian banks failing, to face insolvency


frankfurt, germany (ap) — the european central bank says two troubled italian banks will be wound down because they were about to fail.the two banks are veneto banca and banca popolare di vicenza.the two banks have struggled to overcome high levels of loans that were not being paid back.the ecb said friday it had given the banks time to raise more capital but that the banks had not been able to offer credible solutions. they will now face italian insolvency proceedings.most read storiesunlimited digital access. $1 for 4 weeks.weak banks that can’t lend adequately to businesses have been a key weak spot for italy and the eurozone economy. the ecb took over as top banking regulator in 2014 as part of an effort to strengthen oversight of the european union’s banking system.






central banks set to signal monetary mood has changed


major central banks meeting this week look set to indicate an improving global economy is turning the tide on a long era of ultralow interest rates and bond-buying programs.the federal reserve is poised to raise rates and others are on hold, marking a turnaround from a year ago, when the u.s. central bank was holding steady and others were cutting rates or expanding their bond-buying stimulus efforts amid deflation fears and weak...






qatari riyal under pressure amid gulf diplomatic rift | qatar news


qatari riyalusd to qar exchange rate is at 3,6470 exchange rate cannot go below 3.64the qatari currency came under pressure on tuesday as gulf commercial banks began to hold off on dealing with qatari banks because of the diplomatic rift in the region, banking sources told reuters news agency.however, the qatari riyal is pegged by the qatari central bank at 3,64 to the dollar. this means that the central bank will use its foreign currency reserves to ensure the exchange rate does not fall below the 3,64 rate.currently, the usd to qar exchange rate is at 3,6470, which is the lowest since june 2016.pressuressome saudi arabian, united arab emirates and bahraini banks were delaying business with qatari banks, such as letters of credit, after their governments cut diplomatic ties and transport






oman orders trade of qatari riyal at official rate | news


the central bank of oman ordered all local commercial banks and exchange companies to trade the qatari riyal at the official exchange rate."the central bank of oman will also accept qatari riyals and provide exchange services if needed," the statement said.the qatari currency came under pressure as gulf commercial banks began to hold off on dealing with qatari banks because of the diplomatic rift in the region.late last month, the qatari riyal was trading in oman below the official peg, set at 3.65 to the dollar.trade volume between qatar and oman stood at around $800m in 2015, according to qatari sources. read more: qatari riyal trade disrupted at several uk banks some banks in saudi arabia, the united arab emirates and bahrain were delaying business with qatari banks, such as letters of






oman orders trade of qatari riyal at official rate | news


the central bank of oman ordered all local commercial banks and exchange companies to trade the qatari riyal at the official exchange rate."the central bank of oman will also accept qatari riyals and provide exchange services if needed," the statement said.the qatari currency came under pressure as gulf commercial banks began to hold off on dealing with qatari banks because of the diplomatic rift in the region.late last month, the qatari riyal was trading in oman below the official peg, set at 3.65 to the dollar.trade volume between qatar and oman stood at around $800 million in 2015, according to qatari sources. read more: qatari riyal trade disrupted at several uk banks some banks in saudi arabia, united arab emirates and bahrain were delaying business with qatari banks, such as letters






china’s global currency ambitions falling flat with central banks


the chinese yuan accounted for only 1.1% of global foreign-exchange reserves last year, the latest sign that china is meeting resistance in its effort to make the yuan a global currency.a quarterly report from the international monetary fund on friday showed that central banks held $84.5 billion in yuan reserves in the fourth quarter, the first time the imf reported central bank holdings of the chinese currency.china has...






ecb’s mario draghi says further stimulus measures less likely


frankfurt—european central bank president mario draghi on thursday said further measures to support the eurozone economy have become less likely as the threats to its recovery have become less severe.in a news conference after the ecb left its key interest rates and plans for bond purchases unchanged, mr. draghi also said policy makers hadn’t discussed extending a program of cheap loans for banks that have been a key part of its...






bank of england raises interest rates for first time in a decade


the bank of england raised its benchmark interest rate for the first time in a decade thursday, a telegraphed move that represents the latest step by the world’s major central banks to withdraw crisis-era stimulus. the boe lifted its policy rate to 0.5%, from 0.25% previously, and signaled that further tightening would be gradual and limited, indicating just two more quarter-point increases by the end of 2020. the cautious tone resulted in sharp falls for the british pound and u.k. government bond yields. ...






qatari riyal strengthens amid gcc crisis | news


the qatari riyal has strengthened against the us dollar in the forward market after two days of sharp falls caused by the continued diplomatic rift between qatar and neighbouring arab powers.one-month riyal forwards showed the currency marked as firm as 3.751 per dollar, according to reuters data, after hitting a low of 3.793 on monday.three-month forwards also saw the riyal strengthening to 3.755 compared with the previous day's low of 3.796. qatari assets have come under pressure since saudi arabia, the uae, bahrain and egypt imposed a boycott on the arab gulf country three weeks ago.the four arab powers accuse qatar of backing armed groups and issued an ultimatum over the weekend, including a demand that qatar shut down a turkish military base. watch: counting the cost of the qatar-gulf






qatari riyal strengthens amid gcc crisis | news


the qatari riyal has strengthened against the us dollar in the forward market after two days of sharp falls caused by the continued diplomatic rift between qatar and neighbouring arab powers.one-month riyal forwards showed the currency marked as firm as 3.751 per dollar, according to reuters data, after hitting a low of 3.793 on monday.three-month forwards also saw the riyal strengthening to 3.755 compared to the previous day's low of 3.796. qatari assets have come under pressure since saudi arabia, the uae, bahrain and egypt imposed a boycott on the arab gulf country three weeks ago.the four arab powers accuse qatar of backing armed groups and issued an ultimatum over the weekend, including demands that qatar shut down a turkish military base. watch: counting the cost of the qatar-gulf cr






fed: biggest us banks strong enough to withstand recession


washington — the federal reserve says all of the 34 largest u.s. banks are fortified enough to withstand a severe u.s. and global recession and continue lending.the first round of the central bank's annual "stress tests" shows that as a group, the 34 big banks have gained strength thanks to a steadily recovering economy.the banks were tested to determine if they have large enough capital buffers to keep lending, even if hit with billions of dollars in losses brought on by a financial crisis and severe economic downturn.the tests' hypothetical "severely adverse" scenario showed $100 billion in projected losses from credit card loans for the banks. the fed says it was the first time that the tests showed credit card lending as the biggest loss category.






italy makes 5.2b euros in resources to keep 2 banks afloat


rome — the italian government is making 5.2 billion euros ($5.8 billion) of resources available to keep operative two banks that the european central bank last week had deemed "failing or about to fail," sending them into insolvency procedures.premier paolo gentiloni said the measures, adopted at a cabinet meeting sunday, are "in full respect of eu rules" about national governments' aiding local banks.veneto banca and banca popolare di vicenza have struggled to overcome high levels of loans not being paid back. gentiloni said italian bank intesa sanpaolo would take on the "good" assets of the two banks. economy minister pier carlo padoan assured italians the two banks would be operating normally on monday when they reopen after the weekend.






italy makes 5.2b euros in resources to keep 2 banks afloat


rome (ap) — the italian government is making 5.2 billion euros ($5.8 billion) of resources available to keep operative two banks that the european central bank last week had deemed “failing or about to fail,” sending them into insolvency procedures.premier paolo gentiloni said the measures, adopted at a cabinet meeting sunday, are “in full respect of eu rules” about national governments’ aiding local banks.veneto banca and banca popolare di vicenza have struggled to overcome high levels of loans not being paid back. gentiloni said italian bank intesa sanpaolo would take on the “good” assets of the two banks. economy minister pier carlo padoan assured italians the two banks would be operating normally on monday when they reopen after the weekend.






fed: biggest us banks strong enough to withstand recession


washington (ap) — the federal reserve says all of the 34 largest u.s. banks are fortified enough to withstand a severe u.s. and global recession and continue lending.the first round of the central bank’s annual “stress tests” shows that as a group, the 34 big banks have gained strength thanks to a steadily recovering economy.the banks were tested to determine if they have large enough capital buffers to keep lending, even if hit with billions of dollars in losses brought on by a financial crisis and severe economic downturn.the tests’ hypothetical “severely adverse” scenario showed $100 billion in projected losses from credit card loans for the banks. the fed says it was the first time that the tests showed credit card lending as the biggest loss category.most read storiesunlimited digital






supervisor: banks need substantial eu roots to access bloc


frankfurt, germany — a top banking supervisor says that british banks must put down solid roots if they want european banking licenses to keep access after the uk leaves the european union.sabine lautenschlaeger said monday that banks seeking licenses in the eu post-brexit would need "sufficient local staff and operational independence."european licensing authorities "will not accept empty shell companies."london banks currently can do business throughout the other 27 eu countries through an arrangement called "passporting." that right could disappear during negotiations on britain's exit under a so-called "hard brexit." eu banking centers such as frankfurt and dublin are competing for any banking business that might have to move.lautenschlaeger is vice-chair of the european central bank's






global lenders support qatari banks hit by gulf rift | qatar news


a few large asian, european and us banks are providing funds to help to keep qatari banks running smoothly after a rift has dried up financing from the uae, bahrain and saudi arabia, according to banking sources.blockade on qatar affecting students"we're unscathed so far," one qatari banker told reuters news agency on thursday."the panic has eased as we've been able to continue receiving funding, though there's certainly no complacency about the risks that remain."he said his bank had borrowed more than $100m in unsecured three-year financing from a european bank and obtained six-month deposits from asian and european banks in the two weeks since the crisis erupted.us banks were still trading through bilateral and repo lines, he said.qatar central bank governor sheikh abdullah bin saud al-






bitcoin expert: "there is no right current price" | israel news


bitcoin has extended its recovery in holiday-thinned trading, rising 10 percent to be up more than a third from last week's lows of below $12,000.bitcoin, the world's largest, best-known cryptocurrency, fell nearly 30 percent at one stage on friday to $11,159.93 and, despite a late recovery, had its worst week since 2013. at 04:45 gmt on tuesday, it was quoted at around $15,049 on the luxembourg-based bitstamp exchange.the digital currency had risen around twentyfold since the start of the year, climbing from less than $1,000 to as high as $19,666 on december 17 on bitstamp, and to over $20,000 on other exchanges. but it has posted heavy declines since.while bitcoin investors and analysts believe the decline in its value was a natural correction after a heady rise in prices, there have bee






bitcoin exchange: "there is no right current price" | israel news


bitcoin has extended its recovery in holiday-thinned trading, rising 10 percent to be up more than a third from last week's lows of below $12,000.bitcoin, the world's largest, best-known cryptocurrency, fell nearly 30 percent at one stage on friday to $11,159.93 and, despite a late recovery, had its worst week since 2013. at 04:45 gmt on tuesday, it was quoted at around $15,049 on the luxembourg-based bitstamp exchange.the digital currency had risen around twentyfold since the start of the year, climbing from less than $1,000 to as high as $19,666 on december 17 on bitstamp, and to over $20,000 on other exchanges. but it has posted heavy declines since.while bitcoin investors and analysts believe the decline in its value was a natural correction after a heady rise in prices, there have bee






ecb: banks generally ready for rising rates


frankfurt, germany — the european central bank says banks under its jurisdiction appear well-prepared to face unexpectedly higher interest rates, but may be less ready for disruption from online banking.the ecb's banking supervision division released results monday of a stress test that showed suddenly rising rates would increase net interest income, an important part of bank finances.earnings at some banks have lagged due to the current very low interest rate environment that squeezes the margins between rates at which banks borrow and their lending rates.the central bank said that in a hypothetical interest rate shock involving an increase of 2 percentage points, net interest income would increase by 4.1 percent this year and 10.5 percent next. the stress test imagined a sudden overnight






republicans launch effort to roll back dodd-frank banking regulations – the denv


by renae merle,the washington postrep. jeb hensarling on wednesday launched what is expected to be a protracted fight over easing banking regulations by pointing to who hasn’t been supporting his effort: big wall street banks.his legislation, the financial choice act, would ensure that banks could no longer rely on taxpayers for bailouts, he said.“perhaps that’s why press reports indicate that most wall street banks oppose the financial choice act,” hensarling, r-dallas, said during a hearing before the house financial services committee.the bill offers the country’s nearly 6,000 banks a choice: if they want to avoid many of the regulatory burdens imposed during the obama administration, they must significantly increase their emergency financial cushion. that would be costly for many big b






french banks seek exit from campaign finance


paris—french politicians and the banking giants that have long funded them are heading for a divorce.for decades, banks have played a central role in france’s political campaigns, lending to presidential and legislative candidates with the guarantee that the government would pay off loans granted to any politician who can garner 5% of the vote. what used to be a sure bet, however, has become an increasingly risky one due to...






senate confirms trump pick to serve on federal reserve


washington — the senate has confirmed president donald trump's nomination of randal quarles to serve on the federal reserve. it's the first step in trump's efforts to remake the nation's powerful central bank.quarles is the head of a salt lake city-based investment firm. he was approved on a 65-32 vote thursday for a vacant fed board term.then the senate — by voice vote — approved him to be vice chairman.there are currently three vacancies on the fed's seven member-board. quarles is the only nomination trump has made to the central bank.when trump was running for president, he strongly criticized the fed for following interest-rate policies that he said favored democrats, and for imposing burdensome rules on banks that he said had hurt the economic recovery.






rbi hit list orders india’s banks to act on big companies’ bad debt


india’s central bank is headed for a collision with some of the country’s largest companies, as it steps up pressure on banks to clean up a chronic bad-debt problem weighing on the country’s economic growth.the reserve bank of india has in recent weeks circulated a list of 40 companies to some of india’s largest state-owned and private banks, ordering them either to resolve bad debts owed to them by the companies or to refer them to the country’s bankruptcy courts by year-end....






salman khan wants to be cautious with tiger zinda hai


salman khan wants to be cautious with tiger zinda haithe debacle of tubelight seems to have stunned salman khan. the actor is still wondering what went wrong. insiders say he’s become extra cautious about his upcoming movies now. right now, he’s concentrating on tiger zinda hai. after the movie is complete, he plans to show the rough cut to family and close friends. he wants people’s opinion on the film before the final cut so that changes can be made, rather than face the audience wrath at the box-office. a good idea! by the way, aamir khan has been doing this for ages.






swift banking system bars north korean banks


washington—three north korean state banks have been recently banned by the world’s most important financial messaging service, amid calls in the u.s. and europe for the complete isolation of pyongyang from the international financial system.the society for worldwide interbank financial telecommunication, known as swift, banned the north korean banks in recent weeks, the belgian company told the wall street journal. the move came as united nations investigators uncovered evidence that the banks had continued to use...






super wifi password recovery download


download download this application is 100% free wlan password recovery. super wifi password recovery is an useful wifi tool which helps you to recovery all the passwords of the wireless networks you have ever connected to. it is quite often that we forget the password of the wifi network, no worry. wifi password recovery will help to recovery all the passwords from your system database. but this requires the root permission. wifi password recovery: backup and restore all wifi passwords saved on your device- easy viewing and sharing by showing ssid and password on full-screen- paste wifi password everyehre by copying wifi password to clipboard- other devices can scan and access the network by qr code- share with friends through sms or email. wifi password recovery: it need previous access (






shadow banking is growing fast -- is that a threat?


shadow banks: the name sounds sinister, and these lightly regulated lenders do get some of the blame for the 2008-09 financial crisis. but they’re becoming an increasingly important feature of the global financial landscape, to the dismay of critics who fear they’ll eventually produce another financial systems failure.also known more benignly as nonbank lenders, these entities have expanded their reach to almost $18 trillion in assets (mostly loans), according to keefe, bruyette & wood (kbw), an investment firm that specializes in the financial services industry.that compares to just over $16 trillion for commercial banks like bank of america (bac) and jpmorgan chase (jpm), which are covered by the federal deposit insurance corp. and overseen by regulators like the office of the comptrolle






petya cyberattack hits europe, disrupting banks, government agencies


company and government officials reported serious intrusions at the ukrainian power grid, banks and government offices,        






swift banking system bars north korean banks


washington—several north korean state banks have been recently banned by the world’s most important financial messaging service, amid growing calls in washington and europe for the complete isolation of pyongyang from the international financial system.the society for worldwide interbank financial telecommunication, known as swift, banned the north korean banks in recent weeks, the belgian company told the wall street journal. the move came as united nations investigators uncovered evidence that the banks had continued...






qatar banks have sufficient dollar liquidity | news


qatar top commercial bank executives have said that local banks possess sufficient dollar liquidity, pointing out that withdrawals were limited.“contrary to media reports, there haven't been big withdrawals from banks in qatar, and the embargo is only having a limited effect on the banking sector here, and one that is easily manageable," a central bank official told reuters news agency on tuesday.the official, declining to be named because of commercial sensitivities, was referring to the gulf crisis after saudi arabia and other gulf states cut diplomatic and transport ties with doha.qatar's banks became dependent on foreign funding during the last few years of strong economic growth. their foreign liabilities increased to 451 billion riyals ($124 bn) in march from 310 billion riyals at th






net banking all in one download


download download net banking all in one is an app list out most of the banks net banking websites. net banking app for all banks is an app list out most of the banks net banking website details. this app provides net banking and official websites details of nationalized and private banks of india. users can get access to the official websites of the banks with the help of this app. the app provides list of official bank websites and internet banking website details of all banks. users could access the official websites of all listed banks with the help of this app. net banking all in one app provides net banking for many nationalized banks and private banks net banking. make your net banking experience hassle free. just download this app and all banks are at your finger tips. you can logi






lawyer who helped banks charge more fees


in the early 2000s, banks successfully sued to stop iowa from limiting their ability to charge atm fees to non-customers. they also fought off states’ attempts to stop them from charging non-customers to cash checks drawn on the banks’ accounts. in another case, they stopped california from forcing two banks to conduct audits of their own…






moneytree enters australia as government looks to open banking regime


paul chapman, co-founder and ceo at moneytree (image: supplied) japanese startup moneytree has announced the launch of its personal finance application in australia, providing consumers with the ability to view their financial data -- including savings, loans, credit cards, loyalty cards, superannuation, and shares -- from different providers in one central location. the launch follows the federal government saying it is looking into introducing an open banking regime that would see australian banks opening up customer data to customers and third parties such as competing banks, startups, and other financial institutions by july 2018, following recommendations from the australian house of representatives standing committee on economics. paul chapman, co-founder and ceo of moneytree, told j






ecb won’t apply brakes to stimulus—yet


frankfurt—the european central bank hinted at the beginning of the end of its massive monetary stimulus, but stopped short of a significant move to rein it in, brushing off concerns that its policies are excessive as the eurozone’s €10 trillion ($10.542 trillion) economy picks up speed.the ecb’s decision on thursday to keep its foot on the gas underscores the divergence between the world’s two most powerful central banks. federal reserve officials have indicated recently that the u.s. central bank is ready to raise...






isunshare zip password genius download


download download zip password genius, is an effective zip file password recovery tool for zip/winzip/7zip archives. with four password attack methods, password recovery rate is becoming more higher and password recovery speed is more fast. if you want to recover zip password more effective, you have to choose appropriate password attack. zip password genius key features: 1. four password attacks are available in the zip password recovery tool. 2. clean and user-friendly interface. 3. support zip files created by zip/winzip/7zip. 4. high password recovery rate and speed. 5. automatically save the process state and shut down your computer when the recovery is finished. 6. 100% password recovery guarantee. 7. forever product upgrade for you. 8. free and professional technical support is prov






trump arrives in texas to get briefed on harvey recovery


eager to show he's attentive and on the job, president donald trump touched down in storm-ravaged texas on tuesday, taking pains not to interfere with harvey recovery efforts."this was of epic proportion," the president declared as he met with local officials.white house press secretary sarah huckabee sanders told reporters traveling with trump that the president's visit would focus on coordination among the levels of government and laying the groundwork for what is expected to be a lengthy recovery effort."the president wants to be very cautious about making sure that any activity doesn't disrupt the recovery efforts that are still ongoing," she said aboard air force one shortly before it touched down in sunny corpus christi.trump, who traveled with first lady melania trump and cabinet se






tyra banks returning as host of 'america's next top model'


los angeles — rita ora is out and tyra banks is back in as the host of tv's "america's next top model."vh1 announced thursday that banks will return to the reality show next season. production is set to begin this summer.banks created "america's next top model" in 2003 and served as both executive producer and host until last year, when ora was named the new host.fellow executive producer ken mok said thursday that banks' absence was "deeply felt" by the show's fans. banks said they inspired her to "have a change of heart" and return as host.banks is also the new face of "america's got talent." nbc announced earlier this week that she will replace former host nick cannon when the show returns this summer.






european central bank's draghi says stimulus still needed


frankfurt, germany — european central bank head mario draghi says the recovery is gaining momentum in the 19 countries that use the euro currency but insisted that the bank's stimulus efforts were still needed.draghi said thursday in a speech that "the recovery is progressing and now may be gaining momentum."but he said that recently stronger inflation figures — one of the bank's key goals — "continue to depend on continuation of our monetary policy stance" and that it is "too soon to declare success."the bank has previously said it intends to continue pushing newly printed money into the eurozone economy through bond purchases at least through the end of the year.recent economic indicators also suggest the eurozone may have grown as much as 0.6 percent in the first quarter.






top central bankers defend stimulus efforts


frankfurt—the heads of four of the world’s most important central banks defended their sweeping crisis-fighting measures in a rare joint appearance, and discussed how words themselves have become a vital policy tool.the leaders of the federal reserve, european central bank, bank of japan and bank of england—whose terms all end in the next two years—have relied heavily on verbal communication in recent years as their policy decisions have grown more complex....






central bankers cling to stimulus amid weak inflation


washington—leaders of the world’s largest central banks indicated that weak inflation in advanced economies could prolong the postcrisis era of easy-money policies.despite a broad-based improvement in the global economy, wages and consumer prices remain stubbornly low, making central bankers wary of removing their stimulus measures too quickly, they told a group of 30 banking conference here on sunday.their...