Posts Tagged ‘ECB’

Morning Financial News

Here is a quick trip through the major news this morning with some links. The ECB cut its main interest rate by 0.5% to 2.0%. The statement accompanying the rate was typical central bank speak. In a nutshell, things are not looking too good. The four week moving average of unemployment claims was 4.498 million, […]

How Much Can The ECB Do About Deflation?

Here is my nomination for misleading headline of the year-so far.   Fed, ECB prepare to tackle deflation head-on That’s from Reuters this evening. It’s part of an article in which Janet Yellen is quoted extensively about the Fed’s intention to not let deflation get the better of the country. Lucas Papademos, vice president of the ECB, is […]