New figures show the extremely low interest rate held by the European Central Bank has cost German savers a bundle. But Germany’s central bank counters that it’s inflation, not interest, that matters to the ever-prudent German saver.
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.
The planned US tariffs on steel and aluminum have not gone down well with the United States' trading partners. With trade tensions intensifying, will we also see a currency war to make things even worse?
ECB governors have signalled greater confidence in the eurozone economy following a meeting of the central bank's rate-setting council. Policymakers dropped language of boosting the ECB's massive bond-buying program.
Following a meeting of central bank governors, ECB chief Mario Draghi has voiced concerns about the current strength of the euro area's single currency. The development makes it harder to exit crisis-era measures.
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