Observers say Hungarian Prime Minister Victor Orban is using the central bank as a political tool. he's expected to install a confederate as the bank's new head.
A paper presented at a European Central Bank conference in Sintra, Portugal, has suggested that labor market reforms may have increased inequality in Germany. The study thus challenges a key tenet of monetary policy.
The European Central Bank wants to end its €2.4 trillion bond-buying program at the end of 2018, calling time on a policy that is credited with reviving the eurozone but may come too soon for some debt-laden countries.
The idea that the European Central Bank would become so big and powerful was something that its founders did not expect 20 years ago. In fact it has become more powerful the more the monetary union has been threatened.
The country's central bank has increased its key lending rate for the third time in less than two months to shore up the Turkish lira amid spiraling inflation, and to assert its independence from political pressure.
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