Posts By: admin

Euro Zone Output Down in May as Recovery Remains Fragile

Euro zone factory output fell in May for the first time in four months, data showed on Friday, suggesting a fragile and uneven recovery in the bloc that is struggling with record joblessness and renewed political tensions in southern Europe. Industrial production in the 17 countries using the single currency fell 0.3 percent on the… Read more »

ECB says rates to stay at record low for extended period

The European Central Bank will keep interest rates at record lows for an extended period and could yet cut them further, the bank’s chief Mario Draghi said today. For the first time in its history, the ECB gave forward guidance on its interest rate policy at today’s news conference in Frankfurt.