Faced with a serious slowdown in euro zone economic growth, the European Central...
BENGALURU - Faced with a serious slowdown in euro zone economic growth, the European Central Bank is set to delay hiking interest rates from record lows until next year and will soon re-launch its offer of long-term loans to banks, a Reuters poll found.
The latest findings come as a global economic slowdown is well underway, the Federal Reserve has made a U-turn on policy switching to wait-and-see mode and other major central banks have backtracked on recent policy tightening plans. A new Targeted Long-Term Refinancing Operation scheme could be launched as early as March, some respondents said.
Asked about the likelihood of a euro zone recession in the next 12 months, the median response from over 50 economists was 25 percent. But the probability of a recession in the next two years was 35 percent.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB need not change rate guidance just yet, Weidmann saysGermany's economic weakness may last longer than expected, but the European...
Read more »
ECB needs oversight of clearing houses if it is to fund them - CoeureThe European Central Bank needs to have appropriate oversight of both domestic a...
Read more »
Germany's top central banker warns against bringing back stimulus in EuropeThe European Central Bank (ECB) shouldn't rush into implementing massive bond-purchase programs in the future, the head of the German central bank warned in an interview with CNBC Wednesday.
Read more »
After recent surge, U.S. stocks to make only small gains this year: Reuters pollU.S. stocks will rack up only modest gains this year on top of a surge in recent...
Read more »
Everything we know about the next Nintendo Switch, which may arrive as soon as this yearA new Nintendo Switch? Yes, a new Nintendo Switch!
Read more »
ECB need not change rate guidance just yet, Weidmann saysGermany's economic weakness may last longer than expected, but the European...
Read more »
Chinese stocks jump after Trump delays big tariff hikeUS President Donald Trump has given Chinese stocks a boost by announcing that he'll delay a major tariff hike to give the two countries more time to reach a trade deal.
Read more »