European Central Bank

Christine Lagarde appointed as head of ECB

European Union leaders confirmed the appointment of Christine Lagarde as the new chief of the European Central Bank, replacing Mario Draghi from November 1. Lagarde’s confirmation for a …

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Russia becomes leader in dumping dollar

Russia has became one of the main drivers in the process of dedollarization last year, the European Central Bank said in its June report on the strengthening of the role of the euro in the global economy. According to the authors of the …

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European Central Bank leaves refinancing rate unchanged

The European Central Bank left all its main rates unchanged, with its key refinancing rate remaining at 0% and the key deposit rate left at -0.4%.  It said it expected "interest rates to remain at present or lower levels for …

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European Central Bank leaves interest rates unchanged

The European Central Bank, as expected, left official interest rates unchanged on Thursday, MarketWatch‎ reports. The bank's main lending rate, known as the refi rate, remains at 0%, while the rate paid on deposits left …

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ECB leaves benchmark interest rate unchanged

The European Central Bank has left its benchmark interest rate on hold at zero. The ECB also held the rate on its marginal lending facility unchanged at 0.25% and the rate on the deposit facility steady at -0.4%. It's …

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ECB holds its benchmark interest rate at zero

The European Central Bank (ECB) left its benchmark refinancing rate on hold at a record low of 0.0% on April 21st 2016. The marginal lending facility rate was kept at 0.25% and the bank deposit rate at minus 0.4%. Earlier …

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Will European Central Bank help the ruble?

The European Central Bank's monetary stimulus measures provoked a sharp reaction from the stock and currency markets: the euro exchange rate rose and indexes dropped. The head of the regulator said about the expansion of the …

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Brent exceeds $33 per barrel

Oil prices continue to grow this morning. As of 07:49, the futures price for Brent crude oil rose 1.08% to $33.32 per barrel. At the same time, futures for WTI rose 0.71% to $32.42 per barrel. It is due to expectations of changes in the …

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