Wednesday, April 1, 2015   

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:
US hirings slowed in March, private survey finds (22 mins ago)
Greeks settle debts to the state to the tune of 147m euros (26 mins ago)
Jeep drives sales at Chrysler-Fiat parent (31 mins ago)
France frowns on PCCW’s moves on Dailymotion (2 hrs 51 mins ago)
Hang Seng, Shanghai end higher (04-01 16:51)
Germany's overall debt ratio fell in 2014: Bundesbank (04-01 16:51)
Macau casinos count 10th month of falling revenue (04-01 15:56)
Posco shares dumped on sale news (04-01 15:25)
European equities fall (04-01 15:23)
Euro climbs, greenback eases in Asia (04-01 14:33)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.