ECB Keeps Rate at Record Low as Officials Weigh Forecasts

he European Central Bank kept its benchmark rate unchanged at a record low after policy makers assessed new economic forecasts. The Governing Council meeting in Frankfurt today left the main refinancing rate at 0.25 percent after cutting it by a quarter point last month. The decision was predicted by all 60 economists in a Bloomberg survey. […]

Continue reading

Draghi’s Deflation Risk Complicates Recovery: Euro Credit

A price slowdown could turn into a negative spiral that derails the recovery in the euro region. While the 17-nation economy exited six quarters of recession in the three months through June, it still has record unemployment and shrinking bank lending. “The ECB has become unusually tolerant of low inflation, even by its own standards,” […]

Continue reading

Soros Adviser Turned Lawmaker Sees Crisis by 2020: Japan Credit

“Takeshi Fujimaki, a former adviser to billionaire George Soros and now a member of Japan’s upper house of parliament, said a fiscal crisis in Asia’s second-biggest economy is inevitable and neither a higher sales tax nor the 2020 Olympics will be able to stop it. “I decided to become a politician because I think financial […]

Continue reading

Bailed-Out Nations Get Another Four Years of Merkel

“Southern Europeans are facing four more years of Angela Merkel whether they like it or not. Majorities of 82 percent in Spain, 65 percent in Portugal and 58 percent in Italy repudiate the German leader’s handling of the euro area’s debt crisis, blaming her for drastic cuts in social services, recession and record unemployment, according […]

Continue reading