Dec 9, 2016

ECB's asset tapering move hints at stimulus exit plan

The European Central Bank decided Thursday to extend its asset purchase program by nine months to the end of 2017 to boost tepid price growth, but pledged to reduce the monthly pace of buying from April. The ECB said it will continue asset purchases at ...

Mar 10, 2016

European Central Bank surprises with strong stimulus action

The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program, and offered new cheap loans to banks, making an unexpectedly aggressive effort to boost inflation and economic growth in the 19 countries that share the euro. The steps on most ...

Switzerland stuns markets by giving up on currency peg

/ Jan 16, 2015

Switzerland stuns markets by giving up on currency peg

Rarely has one statement prompted such a dramatic move in currency markets. The Swiss franc achieved a turbo-charged liftoff Thursday after the country's central bank bowed to the inevitable and ditched an increasingly expensive policy to limit the export-sapping rise of the currency. Within minutes ...