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The article focuses on the eurozone's slower-than-expected economic growth in the second quarter of 2024. Topics include the revised GDP growth rate of 0.2 present versus the initially estimated 0.3 present, the impact of weak growth on the European Central Bank's efforts to manage inflation, and the contrasting economic performance of the eurozone compared to the U.S. and U.K.

The European Central Bank (ECB) has announced a rare makeover to its monetary policy in an effort to reduce its presence in the financial system and restore normal lending between banks. The changes aim to address the collapse of trust between institutions during the global financial crisis and encourage banks to seek borrowing opportunities beyond the central bank. However, some analysts believe that the ECB's plans do not go far enough in achieving normality. The new operational framework will focus on the bank's regular money auctions and create a separate bond-buying program to smooth the supply of money. [Extracted from the article]

The European Central Bank (ECB) and the Bank of England (BOE) have decided to keep interest rates steady, signaling a shift in the global economy towards lower inflation and higher growth. The ECB cut its inflation forecasts for next year and plans to accelerate its exit from pandemic stimulus measures. The BOE, however, remains cautious and stated that it is too early to consider lowering its key interest rate. Central banks around the world are expected to lower rates in the coming year, which could lead to stronger growth and have political implications. [Extracted from the article]

The ECB started raising rates later and more cautiously than other central banks, notably the Fed. "This is not a pivot, this is not a slowdown, we are in for the long game", she said. Two of its nine rate setters voted to leave the key rate unchanged, arguing that previous moves were more than sufficient to bring inflation back to the central bank's 2% target. The Swiss National Bank made a similar move on a busy day for Europe's most influential central banks Graph: Policy makers at the European Central Bank are wrestling with stubbornly high inflation. [Extracted from the article]

That leaves the ECB some way behind the Fed, which raised rates to 4.5% to 4.75% on Wednesday, and the Bank of England, which increased rates by a half percentage point to 4% earlier Thursday. Keywords: Banking/Credit; Financial Services; Economic Performance/Indicators; Inflation Figures/Price Indices; Monetary Policy; Interest Rates; Eurozone Data/Policies; Economic News; SYND; WSJ-PRO-WSJ.com EN Banking/Credit Financial Services Economic Performance/Indicators Inflation Figures/Price Indices Monetary Policy Interest Rates Eurozone Data/Policies Economic News SYND WSJ-PRO-WSJ.com N.PAG N.PAG 1 02/07/23 20230203 NES 230203 Bank of England signals it could soon pause rate increases Europe's major central banks raised their key interest rates by 0.5 percentage point but diverged from the Federal Reserve and each other on their likely next moves, reflecting economic uncertainty amid uneven growth and inflation in the region and the rapid reopening of China's economy. [Extracted from the article]

The European Central Bank (ECB) has decided to keep interest rates steady, ending a streak of 10 consecutive rate increases. This comes as the eurozone faces the possibility of a recession and uncertainty looms over the global economy. ECB President Christine Lagarde indicated that borrowing costs in the eurozone may have peaked, as previous rate increases have started to impact the housing market and bank lending. The ECB is in a more challenging position compared to the US Federal Reserve, as the eurozone's inflation rate is higher while its economic growth rate is lower. The eurozone's economy has been stagnant for about a year, and business surveys suggest that it may be contracting. The ECB also needs to monitor weaker southern European economies, such as Italy, where bond yields have risen, increasing the cost of servicing public debt. Inflation in the eurozone has declined to 4.3% in September, compared to a peak of over 10% last year. The ECB is expected to start cutting interest rates around the middle of next year. [Extracted from the article]

The article reports on an announcement of European Central Bank President Mario Draghi regarding ECB's efforts to bring down inflation, citing disappointment expressed by investors which led Draghi to comment on the issue, and mentions that Draghi defended the criticism of ECB.

Banking/Credit, Financial Services, Economic News, SYND, WSJ-PRO-WSJ.com, ECB, monetary policy, monetary policy, Monetary Policy, Euro Zone/Currency, euro zone Keywords: Banking/Credit; Financial Services; Monetary Policy; Euro Zone/Currency; Economic News; SYND; WSJ-PRO-WSJ.com; ECB; monetary policy; euro zone EN Banking/Credit Financial Services Monetary Policy Euro Zone/Currency Economic News SYND WSJ-PRO-WSJ.com ECB monetary policy euro zone N.PAG N.PAG 1 03/13/21 20210312 NES 210312 Central bank's decision marks a divergence from the Federal Reserve The European Central Bank will step up efforts to contain borrowing costs that have surged amid brighter prospects for the U.S. economy and a relaxed stance from the Federal Reserve, aiming to shore up the flagging eurozone economy. FRANKFURT - The European Central Bank will step up efforts to contain borrowing costs that have surged amid brighter prospects for the U.S. economy and a relaxed stance from the Federal Reserve, aiming to shore up the flagging eurozone economy. [Extracted from the article]

The article offers information on the European Central Bank's (ECB) corporate bond buying program which allows investment firms to firms to sell their debt directly to the ECB through private placements. Topics discussed include significance of the program in helping banks and firms to adapt to the extremes of monetary policies, purchases of government bonds leading to decrease in cost of borrowing in the economy, and concerns related to loss of returns and overpriced debt.

The article reports on the March 18, 2015 violence that erupted in Frankfurt, Germany amid a demonstration led by anti-austerity groups that was held on the same day as the inauguration of the new headquarters of the European Central Bank.

The article reports that the European Central Bank (ECB) is hoping to affect inflation rates by using Japan's strategy of purchasing assets.