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Eurozone

ECB, SNB cut by 50 basis points

The European Central Bank (ECB) on Thursday lopped a quarter point off its key rate and indicated further cuts were likely. The Swiss National Bank (SNB) also cut the upper and lower bounds by the same margin.

EU says eurozone in recession

A European Central Bank (ECB) rate cut on Thursday - already a strong possibility - now looks a near certainty after the European Commission said the eurozone was likely in recession and predicted the economy would stagnate in the coming years.

ECB communicates well

European Central Bank's (ECB) monetary policy communication is clear in about 95% of cases, finds a new paper from the International Monetary Fund.

Trichet hints at rate cut

Jean-Claude Trichet, the president of the European Central Bank (ECB), on Monday signalled the Governing Council would cut interest rates at its next meeting on 6 November.

ECB - eurozone economy weakening

Under pressure from high commodity prices, lower consumer confidence and demand, as well as dampened investment growth, the euro-area economy is weakening, says the European Central Bank (ECB) in its September Monthly Bulletin.

EU Commission competition claims wrong

It is the low level of cross-border account mobility, not low customer mobility in national markets, which hinders the EU's bank customers' ability to switch to a more competitive bank, says Deutsche Bank research.

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