Michael Hewson, Chief Market Analyst at CMC Markets, tells us that the ECB has failed to address the problem of non-performing loans in the eurozone.
"Do you accept cards?" If you’re asking in Germany, there’s a good chance that the answer is no. The country has a curiously low cashless rate. Can the European economic powerhouse’s aversion to plastic payment continue?
The European Central Bank has left interest rates and massive support for the eurozone economy unchanged, despite sharp upgrades to the bank's growth forecasts. But inflation will remain stubbornly low, the ECB says.
Germany's central bank earned €2 billion more than it spent last year, doubling its profit compared with the previous year and contributing a nice windfall to the government budget after a meagre 2016.
Policymakers from the US Fed, the European Central Bank and the Bank of England have described the recent sell-off in stock markets as a healthy correction, saying this won't knock them off their monetary policy path.
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