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Draghi-ECB-120816.jpg European Central Bank President Mario Draghi asserted that the option of scaling back bond purchases gradually to zero, or 'tapering', was not discussed by policymakers on Thursday, but said the bank was ready to extend and boost stimulus when needed.

ECBrates-120816.jpg The European Central Bank surprised markets on Thursday when it announced that bond purchases will be extended till the end of next year, which is longer-than-expected, but its pace will ease after March.

The European Central Bank left its key interest rates unchanged on Thursday for a sixth consecutive session, which was the final one this year, and retained its asset purchases of EUR 80 billion a month till March next year, but decided to reduce the size beyond that point to EUR 60 billion a month till...

The Organization for Economic Co-operation and Development said the leading index suggested stable growth momentum in the region as a whole. The composite leading index remained stable at 99.8 in October, the OECD reported Thursday. The indicator pointed to growth momentum picking up in several...

Latvia's consumer prices increased for the third successive month in November, figures from the Central Statistics Office showed Thursday. The consumer price index rose 1.3 percent year-over-year in November, faster than the 1.0 percent climb in the previous month. As compared to last year, prices...

Ireland's consumer prices decreased for the second consecutive month in November, though marginally, figures from the Central Statistics Office showed Thursday. The consumer price index edged down 0.1 percent year-over-year in November, following a 0.3 percent decline in the previous month. Prices...

Croatia's producer prices declined at a faster pace in November, figures from the Croatian Bureau of Statistics showed Thursday. The industrial producer prices fell 2.9 percent year-over-year in November, which was worse than the 2.3 percent drop in the previous month. The measure has been falling...

The Greek unemployment rate declined to the lowest level in more than four years in September, the labor force survey from the Hellenic Statistical Authority showed Thursday. The unemployment rate decreased to 23.1 percent in September from revised 23.3 percent in August. In the same period of 2015,...

Croatia's foreign trade deficit decreased in September from a month ago, figures from the Croatian Bureau of Statistics showed Thursday. The trade deficit fell to EUR 607.5 million in September from EUR 646.0 million in August. In the corresponding month last year, the shortfall was EUR 584.0 million. Merchandise...

Bulgaria's industrial production increased for the fifth consecutive month in October, while retail sales growth rebounded, preliminary figures from the National Statistical Institute showed Thursday. Industrial Production climbed a working-day-adjusted 2.8 percent year-over-year in October, slower...

Hungary's inflation rose slightly in November, the Hungarian Central Statistical Office reported Thursday. Consumer prices advanced 1.1 percent annually, following a 1 percent rise in October. This was the third consecutive rise in prices. Economists had forecast 1.3 percent inflation. Food prices...

Lithuania's consumer price inflation accelerated for the second straight month in November, though marginally, figures from the Department of Statistics showed Thursday. The consumer price index rose 1.0 percent year-over-year in November, faster than the 0.9 percent climb in the previous month. Prices...

Hungary's foreign trade surplus increased in October from a year ago, as imports fell faster than exports, preliminary figures from the Hungarian Central Statistical Office showed Thursday. The trade surplus climbed to EUR 891 million in October from EUR 724 million in the corresponding month last...

The French economy is forecast to expand 0.4 percent in the fourth quarter, as previously estimated, the second estimate from the Bank of France showed Thursday. The business confidence index in manufacturing rose more-than-expected to 101 in November from 99 in October, the latest monthly survey...

Turkey's industrial production rebounded on manufacturing activity in October, data from the Turkish Statistical Institute showed Thursday. Industrial production grew 3.7 percent month-on-month in October, offsetting September's 3.7 percent fall. Nonetheless, the pace of growth was slower than the...

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