Janet Yellen believes rising inflation will lead to lower unemployment. But what we've learned over past decades is the reverse: Lower inflation leads to lower unemployment.» Read More
NEW YORK, April 3- The euro dropped on Thursday after the European Central Bank kept interest rates on hold and pledged to use unconventional measures if needed to battle low inflation in the euro zone. The currency shared by 18 nations dipped as low as $1.3736 during a news conference by ECB President Mario Draghi and later declined as low as $1.3711.
FRANKFURT, April 3- European Central Bank President Mario Draghi swatted away suggestions from the International Monetary Fund that his bank should ease monetary policy further on Thursday, questioning the timing of the Fund's most recent comments.
*ECB keeps interest rates unchanged at April meeting. FRANKFURT, April 3- The European Central Bank is ready to deploy anything in its monetary policy toolbox if inflation stays too low for too long despite keeping interest rates steady on Thursday, its president said.
*Draghi's news conference due to start at 1230 GMT. FRANKFURT, April 3- The European Central Bank kept interest rates steady on Thursday despite a fall in inflation to its lowest in more than four years, counting on the euro zone recovery to gain strength unaided.
Expectations are rates will remain unchanged despite inflation concerns, reports CNBC's Annette Weisbach.
LONDON, April 3- Euro zone businesses started 2014 with their best quarter in three years, but buoyant growth came at a cost as they slashed prices to drum up trade, which could further stoke deflation fears.
*Rate decision due at 1145 GMT, news conference 1230 GMT. FRANKFURT, April 3- The European Central Bank looks set to keep interest rates steady and offer no new aid to the euro zone's fragile recovery on Thursday despite a fall in inflation to its lowest in more than four years.
WASHINGTON, April 2- The head of the International Monetary Fund on Wednesday called on the European Central Bank to ease monetary policy to move prices higher, saying "low-flation" in advanced economies risked undercutting an already sluggish global recovery.
WASHINGTON, April 2- The European Central Bank should ease monetary policy to combat dangerously low inflation that could crimp euro zone output and consumer spending, the head of the International Monetary Fund said on Wednesday.
WASHINGTON, April 2- The European Central Bank should ease monetary policy to combat the risk of "low-flation" that could crimp euro zone output and consumer spending, the head of the International Monetary Fund said on Wednesday.
BEIJING, March 23- International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she should could to push reform at her organisation and give emerging economies a bigger say without the support of the United States.
WASHINGTON, March 13- Raising the retirement age and scrapping regressive taxes such as deducting the interest on mortgages can help richer governments address income inequality without straining their pocketbooks, IMF staff said in a paper on Thursday.
WASHINGTON, March 13- An International Monetary Fund team in Kiev will begin negotiations with Ukrainian authorities about an economic reform program, the IMF's chief said on Thursday. An IMF team has been in Kiev since March 4 to gather data about the government's finances.
BANGALORE, March 12- A significant number of economists have doubts about the European Central Bank's view that deflation is not a threat and that the recovery will take hold without any more action, a Reuters poll showed, and they say more stimulus is needed.
Christine Lagarde, head of the IMF, says that the organization will address the concerns about Ukraine from an economic and financial point of view, not a geopoltical one.
*Obama steps into Ukraine- Russia tension over Crimea. WASHINGTON, Feb 28- President Barack Obama warned Russia on Friday that military intervention in Ukraine would lead to "costs," as tension with old foe President Vladimir Putin rose in a Cold War-style crisis.
Treasury Secretary Jacob Lew speaks at the of the American Israel Public Affairs Committee Policy Conference 2014- 2200 GMT. BRUSSELS- ECB President Mario Draghi will give introductory remarks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium- 1400 GMT.
WASHINGTON, Feb 28- The head of the International Monetary Fund said on Friday that there was no need to "panic" in terms of delivering economic aid to Ukraine, which has been hit with economic turmoil after the ouster of President Viktor Yanukovich.
NEW YORK- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota and Federal Reserve Board Governor Jeremy Stein participates in panel to discuss report on interactions between monetary policy and financial stability before the University of Chicago Booth School of Business 2014 Monetary Policy Forum- 1515 GMT.
KIEV, Feb 27- Ukraine's new prime minister said on Thursday loans worth $37 billion had gone missing from state coffers during ousted President Viktor Yanukovich's rule, and warned that unpopular measures were needed to salvage the economy.