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A new service to enable citizens and firms to transfer money real time within the euro area will be put into operation in November 2018, the European Central Bank said on Thursday. The Governing Council has decided to develop a new service for the settlement of instant payments, the ECB said in a...

norwaycentralbank-062217.jpg Norway's central bank unanimously decided to leave its key interest rate unchanged on Thursday for the ninth consecutive policy session and abandoned its downward bias for the rate path. The Executive Board of the Norges Bank voted to hold the key policy rate at 0.50 percent, in line with economists' expectations. The previous change in the rate was a quarter-point reduction in March 2016.

ECB-062217.jpg Eurozone's solid growth momentum is set to continue in the second quarter, mainly driven by domestic demand, and there are signs of a build-up of pipeline inflationary pressures, the European Central Bank said in its latest economic bulletin released on Thursday.

Ireland's factory fate inflation eased for the third straight month in May, figures from the Central Statistics Office showed Thursday. The manufacturing industries output price index, excluding VAT, rose 1.1 percent year-over-year in May, slower than the 1.8 percent climb in April. The measure has...

UK total order books strengthened to a near three-decade high in June, the Industrial Trends Survey from the Confederation of British Industry showed Thursday. The total order books rose to +16 percent in June, the highest since August 1988. At the same time, the export order book balance came in...

Eurozone's solid growth momentum is set to continue in the second quarter, mainly driven by domestic demand, the European Central Bank said in its latest economic bulletin released on Thursday. "Overall, incoming data point to solid growth in the second quarter of 2017," the bank said. The 19-nation...

Norway's central bank decided to leave its key interest rate unchanged on Thursday for the ninth consecutive policy session. The executive board of the Norges Bank voted to retain the key policy rate at 0.50 percent, in line with expectations. The previous change in the rate was a 25 basis points...

While the United Kingdom's exit from the European Union is an "unfortunate" event, it presents several opportunities to strengthen the latter and also location benefits to Frankfurt, the German Finance Ministry said Thursday. The Brexit offers "an opportunity to strengthen Germany as a business location...

Denmark's consumer confidence improved in June after weakening in the previous month, survey data from Statistics Denmark showed Thursday. The consumer confidence index climbed to 7.1 in June from 5.8 in May. In April, the score was 7.4. Consumers' financial situation over the last twelve months...

Edited headline and first para France's manufacturing confidence dropped slightly in June, survey data from the statistical office Insee showed Thursday. The manufacturing sentiment index fell to 108.0 in June from 109.0 in May. The reading was above its long-term average of 100. The reading for...

Finland's general government deficit narrowed in the first quarter on higher revenue, Statistics Finland reported Thursday. Consolidated total general government revenue grew by EUR 0.2 billion from the previous year, while expenditure declined by EUR 0.5 billion. Consequently, the net borrowing...

Switzerland's foreign trade surplus increased in May, as exports grew faster than imports, figures from the Federal Customs Administration showed Thursday. The trade surplus climbed to CHF 3.4 billion in May from CHF 1.9 billion in April. In March, the surplus was EUR 3.0 billion. In real terms,...

EEP15-011515_22Jun17.jpg Manufacturing confidence from France is due on Thursday, headlining a light day for the European economic news.

Hungary's monetary policy is set to remain extremely loose over the rest of this year, as policymakers are as yet untroubled by growing signs of capacity constraints, William Jackson, an economist at Capital Economics, said on Tuesday. The Magyar Nemzeti Bank kept its benchmark three-month deposit...

AndrewHaldane-062117.jpg Bank of England Chief Economist Andrew Haldane said he considered the case for a rate hike at the June monetary policy meeting. However, he voted to maintain the bank rate citing still few signs of higher wage growth despite upward pressure on inflation and chances of a sharper than expected slowing in the economy.

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