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Tuesday 3 October 2023 Dublin: 10°C

# European Central Bank

All time
ECB steers clear of bond-buying for first time since August
Last week marked the first time in six months that the European Central Bank didn’t intervene in the sovereign bond markets.
ECB interest rates remain unchanged
ECB head Mario Draghi said that there are “tenatative” signs of stabilisation in the eurozone.
ECB affirms: Investors won't lend to you if you burn bondholders
The ECB declines to comment on Leo Varadkar’s remarks, but says its stance on Irish burden-sharing is well-known.
Troika warned 'a bomb will go off' in Dublin unless bondholders repaid
Transport Minister Leo Varadkar conveyed the strong words from the Troika partners in an interview last night.
IMF and ECB divided on whether Ireland should burn bondholders
The IMF says burden-sharing is an option, but the ECB says it’s worried that doing so cause panic to “spill over” to Europe.
Noonan's emigration comments branded 'a disgrace' by opposition
Sinn Féin’s finance spokesperson Pearse Doherty has said that Michael Noonan’s comments earlier today were “deeply insulting”.
The Troika's press conference on the latest bailout review
The European Commission, European Central Bank and International Monetary Fund discussed Ireland’s bailout progress.
5 things we learned at today's bailout press conference
There were five things worth noting from today’s press conference with Brendan Howlin and Michael Noonan. Here they are.
Noonan and Howlin discuss the latest Troika review
We liveblogged events from Government HQ as the ministers hosted a press briefing on the latest EU-IMF review of Ireland.
Troika to deliver report on Ireland's bailout programme
It comes amid growing talk that Ireland will need a second bailout. One economist did not rule out such a possibility this morning.
Back with a bang: ECB bought €3.77 billion of bonds last week
After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.
ECB holds main eurozone interest rate at 1 per cent
The decision follows two successive months of cutting the bank’s main interest rate which was a welcome boost for mortgage holders.
European banks borrow from ECB - and then lodge the cash with the ECB again
Overnight deposits at the ECB jumped by €65bn on Monday – potentially undermining ECB efforts to get money moving again.
ECB spending on controversial buying nears €140 billion
The ECB’s continued purchases in 2011 mean the central bank now holds over €210 billion of bonds from its member countries.
Recessions, downgrades and Super Mario - 2011: the year in money
2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.
Stocks slide over signs of jitters at European banks
European banks deposited a record €412 billion with the ECB overnight – showing that banks are worried about loaning money to each other.
ECB reports biggest-ever demand from banks for cheap loans
The ECB’s one-off round of three-year loans sees more demand than anticipated, sending stock markets down.
IMF calls on EU to support Ireland
The IMF says Ireland has made “exceptional” efforts to meet its bailout targets – and urged the EU to give more assistance to the country concerning its banking debts.
Taoiseach urges banks to pass on interest rate cut
The ECB has announced a cut in interest rates – but AIB, Ulster Bank and National Irish Bank have all said they won’t pass on the cut to mortgage customers.
Markets fall as EU fiscal agreement does little to inspire confidence
Buoyant upon initial news of the deal last week, the markets were not so happy today…
Five banks not passing on full ECB rate cut to mortgage customers
The ECB yesterday announced a 0.25 per cent cut in its base rate which will kick in from 14 December – but not for all Irish mortgage holders…
Deutsche Bank chief Josef Ackermann targeted with letter bomb
Frankfurt police were notified by bank staff who found a suspicious package in the company’s mail room yesterday.
ECB could cut interest rate cut by 0.5 per cent today
The bank is expected to announce its second rate cut in five weeks as EU leaders travel to Brussels for a eurozone crisis summit.
Um, really? ECB makes video celebrating 10 glorious years of the euro
They may have missed that whole eurozone crisis thing.
Poll: Does Ireland have a future in the euro?
France and Germany want updated treaties to create a greater fiscal union. Should Ireland be a part of that?
Merkel: EU needs a new Treaty to end debt crisis
Angela Merkel sings from the same hymn sheet as Nicolas Sarkozy, but warns that the euro crisis will take “five years” to solve.
Sarkozy: We need to rethink Europe to save the euro
In a dramatic speech this evening, the French president said that there needs to be a “rethink” of how Europe is structured – and possibly a new treaty.
Gilmore gives strongest hint yet that Ireland opposes EU treaty change
As EU foreign ministers meet in Brussels, Eamon Gilmore insists changing EU treaties won’t act quickly enough to fix the debt crisis.
Kenny tells Dáil: ‘I have an answer to the euro problem’
The Taoiseach says the only way to solve Europe’s debt crisis is to tap the European Central Bank’s “infinite capability”.
IMF preparing €600bn of assistance for Italy - report
An Italian newspaper reports that the IMF would make available hundreds of billions of euro of credit for Italy in order to try and stabilise the country’s economy.
Troika in Greece to settle details on bailout loans
Yesterday, the Greek finance minister said the country would not need to implement any further austerity measures to reach its deficit target for the year.
Budget leaks: State asset sell-off may not yield money for job creation
The government has said publicly it wants to use State asset sell-off revenue for job creation but confidential documents paint a different picture.
Taoiseach says ECB can provide 'ultimate firepower' to solve euro crisis
Enda Kenny met with German chancellor Angela Merkel in Berlin yesterday and there was plenty to discuss.
Martin says there's weeks to save the euro amid reports of French-German split
Micheál Martin has been critical of France and Germany’s role in the eurozone amid reports the region’s two largest economies are split on the role of the European Central Bank.
Here's the cheaper solution to the eurozone debt crisis...
…and it involves the ECB, an interest rate cap and an end-point for bond market intervention.
Italian bonds hit 7.4 per cent as Europe enters crisis mode
The price of borrowing for the Italian government is now at the same level which prompted bailouts for Ireland and Portugal.
National Irish Bank says rate hike not related to ECB cut
The Danish-owned lender confirms a mortgage rate increase of up to 0.95 per cent – but says it’s nothing to do with the ECB’s cut.
Two banks will pass on ECB interest rate cut to mortgage holders
But aside from Permanent TSB and KBC Bank Ireland, what are the other banks doing?
Surprise! ECB cuts interest rate to 1.25 per cent
On his first day in the job, ECB president Mario Draghi surprised everyone by cutting the eurozone’s main interest rate.