United Kingdom

Central Banks

ECB mulls shelving rules tackling euro zone's bad loans pile


FRANKFURT/WASHINGTON The European Central Bank, after suffering a political backlash, is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans.


ECB could provide cash to failing banks if conditions met - Coeure 4:56pm BST

FRANKFURT The European Central Bank could provide liquidity to failing banks while they are being wound down under certain conditions, ECB director Benoit Coeure said on Monday.


Europe not choosing sides in U.S.-China trade dispute 9:25am BST

WASHINGTON Europe will not choose sides in the trade dispute between the United States and China, a top European official said on Saturday, adding that the European Union's temporary exemptions from U.S. steel and aluminium tariffs should become permanent.


Graphic - The long goodbye to easy money: Five questions for the ECB 9:11am BST

LONDON The ECB meets on Thursday against a backdrop of concern about a global trade spat and a softening in euro zone economic data that could potentially hamper the central bank's plans to unwind its extraordinary monetary stimulus.


Labour Party likely to seek broader BoE mandate if in power 7:38am BST

LONDON Britain's opposition Labour Party would likely broaden the Bank of England's mandate to include factors such as employment but would not seek to remove the central bank's independence, Labour's finance policy chief John McDonnell said on Sunday.


Few Britons expect Bank of England to raise rates next month - survey 7:37am BST

LONDON Expectations among the British public for higher interest rates in the near future cooled in mid-April, even before comments from Bank of England Governor Mark Carney last week muddied the outlook, a survey showed on Monday.


Bank of Japan's Kuroda says easy policy still needed for some time 6:18am BST

TOKYO Bank of Japan Governor Haruhiko Kuroda said that the central bank must continue with accommodative monetary easing for some time to meet its 2 percent inflation target.

Afghanistan approves first full-fledged Islamic bank 2:20am BST

Afghanistan's central bank has granted a licence to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the interest-free principles of Islamic finance in all its operations, a senior bank official told Reuters.


Chinese central bank governor says economy strong, financial leverage under control 22 Apr 2018

BEIJING China's economic fundamentals are strong and the country has sufficient policy tools to guard against systemic risks, People's Bank of China Governor Yi Gang said on Saturday, according to Xinhua.


ECB warns banks, auditors over use of new accounting rule-paper 21 Apr 2018

MILAN The European Central Bank has warned lenders it is checking their 2017 earnings to make sure they haven't taken improper advantage of a new accounting rule in order to minimise the hit from loan losses, an Italian daily reported.