FRANKFURT, April 4- The European Central Bank expects a gradual economic recovery later this year but will monitor incoming data very closely and is ready to cut interest rates if necessary, its president said on Thursday.
WASHINGTON, March 22- The Federal Reserve's aggressive easing of monetary policy is proving surprisingly effective at blunting the blow to the U.S. economy from tighter fiscal policy, according to economists who have been scrambling to raise their growth forecasts.
WASHINGTON, March 22- The Federal Reserve's aggressive easing of monetary policy is proving surprisingly effective at blunting the blow to the U.S. economy from tighter fiscal policy, according to economists who have been scrambling to raise their growth forecasts.
HONG KONG, March 20- Government policies to help kickstart Japan's economy and tackle long-term deflation are creating hope for the country for the first time in 20 years, BlackRock Inc's Chairman and Chief Executive Laurence Fink said on Wednesday.
HONG KONG, March 20- Japanese government policies to help kickstart its economy and ease the burden of long-term deflation are "on the right path," creating hope for the country for the first time in the past 20 years, BlackRock Inc's Chairman and Chief Executive Laurence Fink said.
PRAGUE, March 19- The Czech economy is not in danger of long-term deflation right now that would justify using foreign exchange interventions to ease monetary policy, central bank Vice-Governor Mojmir Hampl said in an interview with Bloomberg.
TOKYO, March 19- Outgoing Bank of Japan Governor Masaaki Shirakawa said on Tuesday central banks must respect communication with markets but in the end have to make monetary policy decisions that are most desirable for long term economic growth.
*State secretaritiat SECO keeps 2013 growth view at 1.3 pct. *SECO more upbeat than Swiss central bank. The SECO stuck to a forecast for 1.3 percent growth for 2013 and edged up its outlook for 2014 to 2.1 percent from the 2 percent it predicted in December.
LONDON, March 12- Gold rose more than 1 percent to above $1,590 an ounce as traders interpreted comments by an ECB official that euro zone inflation pressures were abating as an indicator of continued monetary easing and covered their short positions. Spot gold rose as much as 1.1 percent to its highest level since Feb. 28 at $1,598.20 an ounce.
LONDON, March 12- Gold rose above $1,590 an ounce on Tuesday, gaining nearly one percent following comments by an ECB official that eurozone inflation pressures are abating, which was viewed as an indication of continued monetary easing.
NEW YORK, March 12- Gold rose nearly 1 percent on Tuesday after a top European Central Bank official said the euro zone crisis was not over, but the metal remained vulnerable as redemptions in gold-backed exchange-traded funds continued, analysts said.
LONDON, March 6- The euro lagged gains in growth-linked currencies on Wednesday, held back by concern that the European Central Bank could flag future interest rate cuts after its monthly policy-setting meeting on Thursday. The key to the shared currency's near-term outlook is seen as ECB President Mario Draghi's stance on interest rates.
DES MOINES, Iowa, Feb 28- The U.S. economy should emerge from the doldrums next year if the Federal Reserve sticks to its super-easy monetary policies, a top Fed official said on Thursday, even as he warned that cutting back too early would be a "big mistake."