Luis de Guindos speaks during a meeting in Berlin, Germany. File/ Reuters
The European Central Bank has to maintain the "safety net" of its massive bond purchases at least until June 2021 to help underpin the economy, the ECB's President Christine Lagarde said on Friday, reaffirming the bank's policy stance.
Battered by years of low interest rates, eurozone banks are looking at a multi-billion-euro consolation prize if the ECB grants them an expected reprieve from its penalty charge on deposits, according to Reuters calculations.
The European Central Bank must be prepared to take the heat and raise interest rates further, including by more than the market expects, if that is needed to bring down inflation,
Moscow is emerging as a vibrant tourist destination, with particular emphasis on fostering ties with Gulf countries, especially the UAE. In recent years, various measures have been implemented to enhance the travel experience to Moscow and make it more convenient and enjoyable for
Gregonis praised Dubai as an innovative city with 12 US companies that have innovation centres where they showcase their latest technologies. She expressed her pride in the American national companies that are showcasing their latest achievements, especially in the field of the automotive industry.
The announcement was made following FATF’s plenary meetings, held between 19th to 23rd February, in the capital of France, Paris.