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ECB defends rate freeze, has 'clear view': board member

The European Central Bank defended on Wednesday its decision to hold interest rates steady this month, saying it had a "clear view" of the situation and would act if necessary. "We have a clear view of the situation and we will act when necessary," the ECB's chief economist Peter Praet told a conference. The ECB has come under fire for not easing monetary conditions further to avert deflation in the 18 countries that share the euro.

ECB is not complacent about low inflation: board member

The European Central Bank is not being complacent about low eurozone inflation, even though it did not cut interest rates this month, one of its a board members said on Tuesday. "We have room left to act. The deposit rate could be negative, for example," ECB executive board member Sabine Lautenschlaeger told The Wall Street Journal in an interview. "I reject it if someone says we are complacent," said Lautenschlaeger.

ECB to reveal bad loan hurdles for euro zone bank test: sources

By Laura Noonan DUBLIN (Reuters) - The European Central Bank's stance on how bad loans are defined will be one of the biggest revelations to the euro zone's largest banks when it details on Tuesday how it will test balance sheets, three sources with knowledge of the tests told Reuters.

Banks to return 11.4 billion euro of crisis loans to ECB next week

FRANKFURT (Reuters) - Banks will return 11.401 billion euros ($15.78 billion) in crisis loans to the European Central Bank next week, more than six times than the amount that was expected, accelerating the drain of extra cash out of the euro zone financial system. The amount banks will repay on March 12 beat this week's repayments of 3.012 billion euros and is more than the 2.1 billion forecast in a Reuters poll. <ECB/REFI>

ECB sends former board member Hamalainen to new banking watchdog

FRANKFURT (Reuters) - The European Central Bank appointed three out of four representatives to the new banking watchdog's top board on Friday, including former ECB Executive Board member Sirkka Hamalainen. Banking supervision is being unified under the auspices of the ECB, which gets to appoint four representatives to the new watchdog's supervisory board and the vice chair.

ECB holds fire on rates on recovery hopes

The European Central Bank held its interest rates unchanged for the fourth month in a row on Thursday, assessing that the nascent recovery in the euro area remains on track. As expected, the ECB left its central "refi" or refinancing rate unchanged at its current historical low of 0.25 percent at its monthly policy meeting. The central bank also held its other two key rates -- the marginal lending rate and the deposit rate -- unchanged at 0.75 percent and zero percent respectively. The ECB last pared back eurozone borrowing costs in November.

ECB holds rates, and nerve, in face of deflation risk

FRANKFURT (Reuters) - The European Central Bank left its main interest rate unchanged at a record low of 0.25 percent on Thursday, holding course despite fears inflation could get stuck in a "danger zone" below 1 percent. The decision to leave rates unchanged was expected, though a minority of economists polled by Reuters had expected a cut. The ECB also left unchanged the deposit rate it pays on bank deposits at 0.0 percent, and held its marginal lending facility - or emergency borrowing rate - at 0.75 percent.

ECB leaves rates unchanged, revises 2014 inflation outlook downward

Frankfurt, Mar 6 (EFE).- The European Central Bank on Thursday left its benchmark interest rate at the record low level of 0.25 percent amid some improvent in the outlook for the Eurozone economy. "Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. Incoming information confirms that the moderate recovery of the euro area economy is proceeding in line with our previous assessment," ECB chief Mario Draghi said.

ECB leaves rates unchanged, revises 2014 inflation outlook downward

Frankfurt, Mar 6 (EFE).- The European Central Bank on Thursday left its benchmark interest rate at the record low level of 0.25 percent amid some improvent in the outlook for the Eurozone economy. "Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. Incoming information confirms that the moderate recovery of the euro area economy is proceeding in line with our previous assessment," ECB chief Mario Draghi said.

ECB trims inflation, raises growth forecasts for 2014

The European Central Bank on Thursday raised slightly its growth forecast for the euro area this year, but trimmed its forecast for inflation. ECB president Mario Draghi told a news conference that the central bank is pencilling in economic growth of 1.2 percent in 2014, 1.5 percent in 2015 and 1.8 percent in 2016. That represent a fractional upward revision of 0.1 percentage point for 2014, compared with the ECB's previous projections published in December, Draghi said.
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