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ECBchart-100214.jpg The European Central Bank left its key interest rates unchanged at a record low, after reducing them in a surprise move last month, as economic momentum in the euro area remains subdued. The Governing Council, led by President Mario Draghi, held the refinancing rate at a record low 0.05 percent following its policy meeting in Naples, Italy on Thursday.

The European Central Bank on Thursday left its key interest rates unchanged at a record low, in line with economists' expectations, after reducing them in a surprise move last month. The Governing Council, led by President Mario Draghi, held the refinancing rate at a record low 0.05 percent, following...

Romania's retail sales declined in August from the prior month, the National Institute of Statistics said Thursday. Retail sales volume fell by adjusted 0.6 percent month-over-month in August, after declining 0.7 percent in July. On a yearly basis, retail sales increased 5.6 percent from last year....

Cyprus' consumer prices continued to decline in September, figures from the Statistical Service revealed Thursday. Consumer prices were down 0.91 percent from last year after falling 0.72 percent in August. Month-on-month, prices gained 0.36 percent due to increases in clothing and footwear prices,...

The Bank of England sought more powers to regulate mortgage lending in order to protect property market from overheating and avert risks to financial stability. The Financial Policy Committee of BoE on Thursday requested powers to limit mortgage lending for both owner-occupied and buy-to-let property....

Eurozone's producer prices declined at a faster than expected rate in August, a report from Eurostat showed Thursday. Producer prices dropped 1.4 percent year-over-year in August, which was more than the 1.2 percent fall expected by economists. In July, producer prices had decreased at a revised 1.3...

U.K 's construction activity growth quickened unexpectedly in September, results of a survey by Markit Economics and the Chartered Institute of Purchasing & Supply, or CIPS, showed Thursday. The Markit/CIPS construction purchasing managers' index, or PMI, edged up to 64.2 in September from 64 in August....

Hungary's trade surplus was revised downwards in July, final figures from the Hungarian Central Statistical Office showed Thursday. The trade surplus came in at EUR 482 million in July, less than the EUR 498 million surplus estimated earlier. This was EUR 50 million more than the trade surplus...

Spain unemployment increased notably in September, labor ministry reported Thursday. The number of registered unemployed rose by 19,720 in September from last month to 4.447 million. This was the second monthly rise in unemployment after declining for six straight months. However, the agency said...

Romania's producer prices rose at a stable rate in August, a report from the National Institute of Statistics showed Thursday. Producer prices increased 0.5 percent year-over-year in August, the same rate as in July. Domestic producer prices rose 0.8 percent in August, which was faster than the...

The dampening effect of the sterling's past appreciation will peak by the end of 2014 and then begin to fade, Kristin Forbes said on Wednesday in her maiden speech after joining the Monetary Policy Committee of the Bank of England. Sterling's past moves have reduced the risk of inflation increasing...

EuropeanEconomicsPreview-100214.jpg Rate decision from the European Central Bank and Eurozone producer prices are some of the important economic data expected to come out on Thursday. The European Central Bank is due to announce its rate decision at 7:45 am ET. After the rate cut in the previous month, the central bank is expected to maintain its refinancing rate and deposit rate at 0.05 percent and -0.2 percent, respectively.

Lack of monitoring of the shadow banking system is a risk to financial stability, the International Monetary Fund, or IMF, said late Wednesday. According to the Global Financial report from IMF, shadow banking amounted to around 7 trillion dollars in emerging markets. This is outpacing the growth...

The Czech economy expanded 0.3 percent in the second quarter from prior quarter instead of flat performance as initially reported, a new estimate published by the Czech Statistical Office showed Wednesday. On a yearly basis, gross domestic product increased by 2.5 percent, versus prior estimate of...

Iceland central bank kept its key rate unchanged as inflation is set to be lower than projected last month. The Monetary Policy Committee of Sedlabanki maintained the seven-day collateral lending rate at 6 percent. The rate was changed previously in November 2012, when it was a quarter-point higher. Policymakers...