Friday, July 3, 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 stocks open higher (07-02 21:45)
BBC sheds layers and cuts 1,000 jobs amid funding shortfall (07-02 21:36)
Spain predicts 3.3 percent growth (07-02 21:07)
223,000 join US work force in June (07-02 21:05)
(Greece crisis) Business groups oppose baffling referendum (07-02 21:00)
(Greece crisis) Harried pensioners try to get by (07-02 20:46)
(Greece crisis) Turbulent days ahead in the battle to tick the right boxes (07-02 20:40)
(Greece crisis) Varoufakis promises to quit if voters accept debt deal (07-02 17:54)
(Greece crisis) Spillover effects pose risk to global bond markets (07-02 17:22)
Analyst predicts further falls on day China stocks swing to another loss in volatile trade (07-02 17:07)

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.