ECB's Draghi Urges More Fiscal Policy Support To See Higher Rates
The outgoing European Central Bank President Mario Draghi on Thursday stressed the need for a more active fiscal policy in the euro area to help create a conducive environment to raise interest rates in future. In his final post-decision press conference, Draghi said, "If one wants to see higher rates sooner, fiscal policy should be active."
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Eurozone Retail Sales Rise For Second Month
Eurozone retail sales increased for the second straight month in September, suggesting that household spending has contributed positively to economic growth in the third quarter. Elsewhere, survey results from IHS Markit showed that the euro area private sector expanded slightly more than initially estimated in October, but remained close to stagnation.
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German ECB Board Nominee Schnabel Says Harmful, Wrong Narratives Threaten Euro
Isabel Schnabel, Germany's nominee to the European Central Bank's Executive Board, urged fellow German economists to tone down their criticism of the central bank's policies.
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German Inflation Steady At 1.1% In November
Germany's inflation rate remained unchanged in November at its lowest level since early 2018, after slowing for three months, flash data from the Federal Statistical Office showed on Thursday.
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Spain Unemployment Increases In November
Spain's unemployment increased in November, data from the Ministry of Labor, Migration and Social Security showed on Tuesday.
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ECB Set To Maintain Status Quo In Lagarde's First Policy Meeting
The European Central Bank is set to leave its monetary policy unchanged on Thursday in the first meeting chaired by its new chief, Christine Lagarde, and markets will be closely watching how she communicates the message from the central bank on the euro area economy amid sluggish growth and low inflation.
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German ZEW Economic Confidence Strongest Since 2015
Attachment 38152
German economic confidence strengthened to the highest level since 2015, survey results from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.
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German Consumer Confidence Set To Strengthen In February
Germany's consumer confidence is set to improve in February amid further improvement in economic and income expectations, and private consumption in forecast to grow 1 percent in 2020, results of a survey by the market research group GfK showed Wednesday. The forward-looking GfK consumer confidence index for February rose to 9.9 points from 9.7 in January, which was revised from 9.6.
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Germany's Top Court Gives ECB 3-month Ultimatum To Explain Govt Bond Purchases
Germany's top court on Tuesday ruled against the European Central Bank's bond purchases and gave the bank three months to explain how the scheme can be justified.
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