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Added on the 15/02/2016 17:37:04 - Copyright : Euronews EN
European Central Bank President, Christine Lagarde, announces the ECB is lifting its key rates of interest by 75 basis points, leaving them sitting in a range of between 0.75 and 1.5 percent. It came after the bank hiked rates by 50 basis points in July, its first increase in more than a decade, in order to tame record eurozone inflation. These levels "will ensure the timely return of inflation to our 2% medium term target" she says, during a press conference in Frankfurt. SOUNDBITE
European banks have started reporting third quarter results amid a low interest rate environment and the threat of Brexit. As Laura Frykberg reports, Lloyds Banking Group has surprised many while Spain's Santander had to rely on Brazil to make up for weakness at home.
Saturday the occupy movement protests against the ECB which handed out money to southern European countries, only if they reduced their social spending and therefore are causing impoverishment.
European Central Bank President Christine Lagarde says Eurozone inflation is slowing but is still expected to be "too high for too long", as the ECB raises interest rates for the ninth consecutive time. SOUNDBITE
G7 countries' finance ministers and central bank governors pose for a group photo as part of the three-day talks in the coastal city of Niigata, Japan. IMAGES
European Central Bank president Christine Lagarde says that the eurozone economy has weathered the fallout from Russia's war in Ukraine and surging energy costs better than expected. SOUNDBITE
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