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ecbrates-011917.jpg The European Central Bank left its key interest rates unchanged for a seventh consecutive policy session and maintained its asset purchases, which will continue at a reduced pace till the end of this year, as the solid economic momentum is sustained in the euro area despite the continuing political flux.

The European Central Bank left its key interest rates unchanged for a seventh consecutive policy session and maintained its asset purchases, confirming that they will continue at a reduced pace till the end of this year. The Governing Council, led by ECB President Mario Draghi, left all its three...

TheresaMay-WEF-011917.jpg Governments and businesses should adopt a new approach to help everyone benefit from globalization, British Prime Minister Theresa May said Thursday. In a speech at the World Economic Forum meeting at Davos, Switzerland, May urged all businesses to demonstrate leadership through playing by the same tax rules.

Spain's foreign trade deficit decreased in November from a year ago, as exports grew faster than imports, figures from the Economy Ministry showed Thursday. The trade deficit dropped to EUR 1.25 billion in November from EUR 1.65 billion in the corresponding month last year. Merchandise exports...

Eurozone house prices grew at the fastest pace in more than eight years in the third quarter of 2016, Eurostat reported Thursday. House prices advanced 3.4 percent year-on-year in the third quarter, faster than the 3 percent increase seen in the second quarter. This was the fastest since the first...

Portugal's producer prices increased at the end of the year, figures from Statistics Portugal showed Thursday. The producer price index rose 1.7 percent year-over-year in December, after remaining flat in the previous month. Excluding the energy grouping, the PPI showed no variations in December...

Ireland's consumer prices remained unchanged in December after falling in the previous two months, figures from the Central Statistics Office showed Thursday. The consumer price index showed no variations in December from a year ago, following a 0.1 percent slight drop in November. Prices of food...

Italy's current account surplus increased in November on higher primary income and visible trade surplus, the Bank of Italy reported Thursday. The current account surplus rose to EUR 4.64 billion in November from EUR 3.21 billion in the prior year. The surplus on trade in goods totaled EUR 5.5...

Switzerland's producer and import prices remained unchanged at the end of the year, the Federal Statistical Office reported Thursday. Producer and import prices held steady on a yearly basis in December, confounding expectations for an increase of 0.1 percent. On a monthly basis, producer and...

The euro area current account surplus reached a record high level in November, the European Central Bank reported Thursday. The seasonally adjusted current account surplus rose to EUR 36.1 billion in November from EUR 28.3 billion in October. This was the highest surplus since the formation of...

Dutch unemployment rate decreased at the end of the year, after remaining stable in the previous month, figures from the Central Bureau of Statistics showed Thursday. The seasonally adjusted jobless rate fell to 5.4 percent in December from 5.6 percent in November. In the corresponding month last...

Draghi-ECB-011717.jpg The European Central Bank is unlikely to announce any policy change on Thursday, after extending and trimming asset purchases in December, as the solid economic momentum is sustained in the euro area despite the continuing political flux. The bank is widely expected to maintain interest rates and asset purchases. Economists widely expect the central bank to hold fire until April.

Dutch consumer confidence strengthened in December to its highest level in nine-and-a-half years, while spending growth accelerated marginally in November, figures from the Central Bureau of Statistics showed Wednesday. The seasonally adjusted consumer confidence index rose to 13.0 in December from...

EEP22-011515_18Jan17.jpg The European Central Bank is set to announce the outcome of its governing council meeting later today.

The house price balance in the United Kingdom was down in December, the latest survey from the Royal Institution of Chartered Surveyors showed on Thursday with a seasonally adjusted reading of 24 percent. That was shy of expectations for 30 percent following the downwardly revised 29 percent reading...

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