The European Central Bank

European Central Bank holds off on strengthening stimulus

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European Central Bank holds off on strengthening stimulus

The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery from the deep downturn in the first part of the year, and even as analysts forecast that the bank will eventually take further action. But the ECB signaled that … Read more

Euro zone economy posts record slump in second quarter, inflation ticks up

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Euro zone economy posts record slump in second quarter, inflation ticks up

BRUSSELS – The euro zone’s economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed on Friday, while the bloc’s inflation unexpectedly ticked up in July. In the months from April to June, gross domestic product in the 19-country currency bloc shrank by 12.1% from the previous quarter, the European Union‘s … Read more