International Finance

Tag : ECB

Fintech

CHF freed, SNB caps losses

Mario Singh But,what next for the Swiss franc and the country’s economy January 22, 2015: On January 15, the Swiss National Bank (SNB) shocked the capital markets by unexpectedly removing the EUR/CHF peg set at 1.20. The move caught many offguard and sent the Swiss Franc (CHF) into the stratosphere, rising about 40% in a...
Islamic Banking

Spike in interest rates could hamper Islamic finance

Base rates are at record lows in Europe with the Bank of England having held its rate at 0.5% for five years now Tim Evershed November 26, 2014: A spike in European interest rates could pose a serious challenge to the growth of Islamic finance across the EU. Base rates of interest are at record...
Economy

Eurozone: What recovery?

Disappointing GDP data highlight a lack of improvement in the economy, but the ECB is likely to ignore calls for action as it continues to evaluate policies already enacted August 18, 2014: According to Eurostat’s flash estimate, Eurozone GDP showed 0.0% growth in the second quarter, down from 0.2% in the first quarter. The figure...
Economy

Portuguese economy surprises with good performance

However, recovery is probably going to remain weak because its biggest hope were exports, but it is hard to see how, with the Eurozone slowing down Contrary to its big Eurozone peers, the Portuguese economy performed well in the second quarter. Real GDP grew by 0.6% quarter-on-quarter, bouncing back from the 0.6% contraction witnessed in...
Economy

What can the eurozone do to combat the risk of a liquidity cliff?

Marie-Pierre Ripert, economist at Natixis With the end of the ECB’s repayment programmes approaching there could be significant repercussions on those euro-area banks still reliant on this form of liquidity provision. Marie-Pierre Ripert, economist at Natixis, explores the options available to avoid the “liquidity cliff” As European banks have repaid more than half the existing...