Mario Draghi

Turkish Foreign Ministry summons Italian envoy

Turkey's Foreign Ministry on Thursday summoned the Italian ambassador to condemn the Italian premier's remarks on the country's President Recep Tayyip Erdogan. According to a statement, the ambassador was told that Italian …

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 …

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 …

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 …