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OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Decisions taken by the Governing Council of the…
Market operations Review of the mapping of short-term ratings to the Eurosystem’s harmonised rating scale On 26 June 2020 the Governing Council decided to remap the short-term ratings “R-3”, “P-3” and “A-3” of DBRS Morningstar,…
ECB announces organisational changes to strengthen banking supervision
ECB aims to strengthen cooperation between bank-specific and thematic supervisory teams New structure reinforces supervisory strategy and risk function, ensuring consistency of supervisory outcomes Reorganisation to foster transparency and predictability of supervisory actions The European…
PRESS CONFERENCE by ECB in Frankfurt
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended…
Monetary policy decisions by European Central Bank
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the…
ECB welcomes initiative to launch new European payment…
ECB supportive of banks’ European Payments Initiative Pan-European card and digital wallet to complete European retail payments market The European Central Bank (ECB) welcomes the decision by 16 European banks to launch the European Payments…
Christine Lagarde: The path out of uncertainty
There is no doubt that the economic situation we face today is characterised by profound uncertainty. Looking into the future has rarely been harder. But, as Abraham Lincoln said, "the best way to predict your…
Isabel Schnabel: The European Central Bank’s policy in…
Over the past few weeks, hopes for a short duration of the COVID-19 pandemic and a quick rebound in economic activity have started to fade. Evidence is increasingly pointing towards a protracted impact of the…
Luis de Guindos: Euro area – economic outlook…
The euro area economy has been experiencing an unprecedented contraction since the coronavirus (COVID-19) began spreading in Europe. Economic activity declined in the first quarter by 3.6 percent, quarter-on-quarter, driven by the fall in both…