Thursday, October 23, 2014   

ECB set to maintain policy
(07-03 18:43)

The European Central Bank is expected to keep interest rates unchanged when it concludes its monthly policy meeting Thursday despite further signs that the 18-country eurozone economy is losing momentum.
More interest will be on the ensuing press conference from Mario Draghi in light of last month's raft of measures from the ECB to shore up the recovery and prevent prices from falling, AP reports.
Among the policies announced was a reduction in the ECB's main interest rate to 0.15 percent.
Figures released Thursday suggest the eurozone has started the summer on a fairly flat footing.
Retail sales across the region, according to Eurostat, were flat in May while the June purchasing managers' index -- a gauge of business activity -- from financial information company Markit edged back to a 6-month low.   
Other Business breaking news:
Spain jobless rate down: official data (44 mins ago)
German industry downgrades growth forecast (1 hr 37 mins ago)
UK retail sales fall in warm September: data (1 hr 38 mins ago)
Eurozone business activity picks up, worries remain: survey (2 hrs 12 mins ago)
Hang Seng dips on profit-taking (2 hrs 19 mins ago)
European stock markets drop at open (2 hrs 51 mins ago)
Daimler says profits up strongly in Q3 (2 hrs 52 mins ago)
Tesco chairman quits over profits fiasco: company (10-23 15:07)
Nikkei ends lower (10-23 15:03)
Manufacturing moving from China to US: survey (10-23 12:28)

More breaking news >>

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