EUR News

Germany's consumer confidence is set to weaken in March after a robust start to the year as both economic and income expectations deteriorated, survey data from the GfK showed Thursday.

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Policymakers would have to study the impact of the factors behind the recent inflation surge, going forward, European Central Bank Executive Board member Peter Praet said Thursday.

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Germany's construction sector activity expanded strongly in February following a slowdown caused by very cold weather, survey data from IHS Markit showed Monday.

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German factory orders declined the most in eight years in January on weak foreign and domestic demand. Factory orders decreased 7.4 percent in January from December, the biggest fall since January 2009, when orders plunged 7.7 percent, Destatis reported Tuesday.

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The European Central Bank is set to announce its interest rate decision on Thursday. The bank is widely expected to keep its key rates unchanged.

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Britain-based banks that want to shift to anywhere in Europe may get an expedited entry, though with conditions attached, and there will not be any relaxation of standards, European Central Bank Executive Board member and Vice-Chair for Banking Supervision Sabine Lautenschlager said Wednesday.

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Populist narrative that things were better before the euro is a deception and the single currency and EU are made scapegoats, European Central Bank Executive Board member Peter Praet said.

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Eurozone economic recovery is firming, broadening and becoming more resilient, but underlying inflation is yet to signal a convincing upward trend, implying that the single currency economy still needs massive stimulus, European Central Bank policymaker Peter Praet said Monday.

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Spain's economic growth could exceed 2.5 percent for the next two to four years amid faster job creation, Economy Minister Luis de Guindos said Tuesday.

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A European Central Bank policymaker said on Thursday that it was time to start gradually withdrawing monetary policy stimulus, a process known as tapering, as the euro area economic recovery was gaining momentum and the threat of deflation had disappeared, while other rate-setters supported maintaining the status quo.

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