Business

Five reasons the ECB didn't follow the Fed on inflation

FRANKFURT (Reuters) – Setting out a policy strategy shift on Thursday, the European Central Bank left many questions unanswered but made one point abundantly clear: it would not follow its U.S. counterpart in targeting an average level of inflation.FILE PHOTO: European Central Bank President Christine Lagarde in Brussels, Belgium February 6, 2020. REUTERS/Francois LenoirThe fact […]

Business

Exclusive: ECB policymakers at odds on inflation strategy, hope for September deal – sources

FRANKFURT (Reuters) – European Central Bank (ECB) policymakers are still some way apart on their new inflation strategy but hope to reach an agreement before debating the future of their pandemic-fighting programme in September, sources told Reuters.FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph OrlowskiECB rate setters agreed […]

Business

Pause, reflect: Five questions for the ECB

LONDON (Reuters) – For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the COVID-19 hit, markets are stable and agreement on an European recovery fund appears close. Yet the future is uncertain and Thursday’s meeting could see lively debate on […]

Business

Hitting back at German court challenge, ECB defends bond buys

FRANKFURT (Reuters) – European Central Bank policymakers, fending off a German court challenge to their money-printing scheme, insist that bond buys help prop up the economy and their benefits outweigh the side effects, minutes of their June 4 meeting showed on Thursday. Germany’s Constitutional Court ruled last month that the ECB overstepped its mandate with […]