European Central Bank

The European Central Bank was established by the Treaty of Amsterdam in 1998 and is headquartered in Frankfurt, Germany. The objective of the bank is to maintain price stability within the euro zone. The president of the ECB is Mario Draghi, former governor of the Bank of Italy.

EU warns of "no" vote in Greece

EU warns of "no" vote in Greece

European Council President Donald Tusk says Greece will not have a stronger negotiating position by voting against bailout in a referendum.  (Photo: AFP)

Tuesday, 30 June, 2015, 8:42am

Dramatic protest at ECB chief Mario Draghi presser

Dramatic protest at ECB chief Mario Draghi presser

The ECB holds borrowing costs at record lows and its chief, Mario Draghi, says there are no plans for 'tapering' the bank's bond-buying programme, at an unusually dramatic press conference.

16 Apr 2015 - 8:43am

The mystery of negative bond yields

The European Central Bank is pursuing an aggressive quantitative easing programme in which it will become large buyers of government debt. Photo: AP

Another week, another country with negative bond yields.

On February 4, Finland became the first European country to auction a five-year bond at a negative yield. The day before, benchmark German 10-year yields fell below their Japanese equivalents for the first time, and are currently trading at a mere 0.36 per cent – down from 1 per cent as recently as August.

12 Feb 2015 - 11:42am

It's high time for ECB to take action on quantitative easing

It's high time for ECB to take action on quantitative easing

The European Central Bank is playing with fire, and unless it takes quick action with new reflation efforts, the euro-zone economy could end up very badly burned.

28 Apr 2015 - 11:16am 1 comment

Threat of Greek euro exit could complicate ECB's quantitative easing

In Greece, a quarter of the population is unemployed.

The return of the idea of a Greek euro exit, as boogeyman or genuine threat, comes at a particularly difficult time, dangerously complicating the already fraught advent of full-scale quantitative easing in the euro zone.

13 Dec 2014 - 6:49am

Draghi says ECB will reassess stimulus measures next year

ECB chief Mario Draghi said yesterday that officials will be "particularly vigilant" on the effects of oil prices. Photo: Reuters

European Central Bank policymakers will gauge the need for further stimulus at the beginning of 2015, president Mario Draghi said as he unveiled "substantially" lower forecasts for inflation and growth.

5 Dec 2014 - 5:27am

European Central Bank alone can't save the euro zone

European Central Bank alone can't save the euro zone

Since Mario Draghi said two years ago that he would do whatever it took to save the euro, many governments in the common currency bloc seem content to let the European Central Bank do all the heavy lifting.

3 Dec 2014 - 8:38am

ECB ready for more aggressive policy action

The European Central Bank wants a clearer view of the impact of its asset purchases before taking more stimulus measures. Photo: AFP

European Central Bank members are all prepared to take more policy action if necessary and the bank's staff will prepare the groundwork in case, ECB president Mario Draghi said yesterday.

7 Nov 2014 - 10:06am

Italy fares worst as 25 major euro zone banks fail ECB health test

The ECB has spent the last year reviewing the leading banks' assets and subjecting them to rigorous stress tests.

Twenty-five of the euro zone's 130 biggest banks have failed a landmark health check and ended last year with a collective capital shortfall of €25 billion (HK$243 billion), the European Central Bank said yesterday.

27 Oct 2014 - 5:19am

European Central Bank announces buying spree to kick-start economy

Mario Draghi said the ECB council was unanimous that it would take further steps if it needed to - commonly accepted as code for quantitative easing.

The European Central Bank will buy bundles of loans and other forms of secured debt from the middle of this month in an attempt to kick-start a languishing euro zone economy, despite misgivings in Germany and elsewhere.

3 Oct 2014 - 7:57am 2 comments

Draghi's depreciating euro boosts ECB policy

The euro consolidated below US$1.30 when Mario Draghi cut rates this month.

Mario Draghi's strategy for reviving the euro area looks like devaluation. While the European Central Bank president says the exchange rate is not a policy target, officials are not secretive about their approval of the currency's almost 10 per cent slide.

1 Oct 2014 - 4:18am

ECB head Draghi signals balance sheet expansion

ECB President Mario Draghi.

Traders are showing confidence in Mario Draghi's ability to weaken the euro and stave off deflation, even as the initial results of a key part of the European Central Bank president's plan fell short of expectations.

26 Sep 2014 - 5:09am

ECB targeted-loans programme fails to meet estimates

ECB targeted-loans programme fails to meet estimates

The European Central Bank's first targeted-loan programme came in below estimates in a sign that ECB president Mario Draghi has a way to go to meet his stimulus target.

19 Sep 2014 - 5:48am

Mario Draghi's asset backed securities revival set for global regulator boost

ECB's Draghi wants to extend credit to the real economy. Photo: EPA

The International Organisation of Securities Commissions (Iosco) sent criteria for marketable securities to finance ministers from the Group of 20 nations this week. Iosco wants to help create standards that would encourage non-bank investors to buy.

17 Sep 2014 - 5:39am

Europe profit revisions raised as ECB cuts rates

The European Central Bank is stepping up stimulus measures.

In the tug of war between investor optimism and analyst scepticism in Europe, the advantage is going to the equity bulls.

13 Sep 2014 - 4:47am