inflation

Yesterday, European Central Bank President Mario Draghi sent the euro falling and eyebrows rising when he suggested he was ready and willing to begin charging banks to park cash in a deposit facility in Frankfurt. A negative deposit rate, as...

Spain’s 32-month experiment with austerity-at-all-costs, as devised by Angela Merkel’s budget ultras, is drawing to a close. Prime Minister Mariano Rajoy oversaw 62 billion euros of tax hikes and spending cuts, 851,000 job losses and three different deficit targets, all...

It is becoming cheaper for companies to hire workers in the European Union — that is, so long as they stick to the most indebted euro member countries. Greece leads the way, if that’s the right expression, after hourly labor...

House prices in Spain have dropped 31 percent since the beginning of 2008, according to property valuer Tinsa. This means that the value of most Spaniards’ assets have also dropped by about a third, in another sign of how the...

UPDATE The European Central Bank cut its benchamrk rate to a record low of 0.75 percent and cut the deposit rate to zero. —- The European Central Bank is expected to cut its benchmark interest rate below 1 percent today...

The former president of the European Central Bank, Jean-Claude Trichet, never tired of repeating at the ECB press conferences that the bank had achieved wonders in terms of price stability in the euro zone – keeping inflation at or below...

The European Central Bank’s unlimited cheap bank loans have eased market tensions, particularly–in the words of ECB President Mario Draghi–by removing the “tail risk” of a banking crisis provoked by the euro debt situation. But the gusher of loans has...

The European Central Bank’s jobs keeps getting harder. Today it raised its 2012 inflation forecast and said growth could be worse than it had anticipated. Prior to the ECB’s rate announcement, I had the chance to interview former ECB executive...

The euro crisis isn’t just affecting economic growth in the U.K., but may also unleash another credit crunch. Spencer Dale, the Bank of England’s chief economist and member of its rate-setting Monetary Policy Committee, pointed to the signs in an...

ECB President Mario Draghi may have to take another look at euro-zone inflation. His predecessor in the post, Jean-Claude Trichet, never tired of saying how the bank had delivered the longest period of price stability Europe had ever seen. And...