Forum Views ()
Forum Replies ()
Read more with google mobile :
ECB mulls alternatives to rate-cut to spur growth
Yahoo!
My Yahoo!
Mail
More Yahoo! Services
Account Options
New User? Sign Up
Sign In
Help
Yahoo! Search
web search
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
ECB mulls alternatives to rate-cut to spur growth
AFP - 1 hour 42 minutes ago
Send
IM Story
Print
ECB mulls alternatives to rate-cut to spur growth
FRANKFURT (AFP) - – With interest rates likely to stay at a record low 1.0 percent, the European Central Bank will mull other ways of stimulating economic growth in the eurozone when it meets on Thursday.
The August meeting of the ECB Governing Council will likely be a low-key affair, economists say, since the 16-nation bloc has no major disasters hanging over its head for the first time in a while.
In Britain, the Bank of England is expected to keep its benchmark interest rate at 0.50 percent -- also a record low level -- because a recent upturn in economic growth there is seen as temporary, analysts said.
Credit channels are a possible path for ECB governors to explore, since the economy has improved and companies and households are mulling investments even though the second half of 2010 is tipped to be less dynamic than the first.
"The demand for loans perceived by banks continues to recover," the ECB said in its eurozone bank lending survey published last week.
A key indicator of economic activity, the eurozone purchasing managers' index, accelerated in July for the first time in three months, data showed on Wednesday.
At the same time, financial market tensions have eased since most European banks passed stress tests aimed at determining if they could withstand another slowdown and the debt crisis in Greece and other countries eased.
But analysts warn that weak consumer spending will still hold back growth over the coming months.
The ECB continues to lend unlimited amounts of cash to commercial banks for periods of up to three months but the banks are borrowing less and are in general still tightening credit conditions, for business loans in particular.
Fearful the economic recovery is already slowing and could falter as state spending is cut, the banks are carefully considering risks that loans will not be paid back in more difficult times.
ECB data last week showed that loans to non-financial companies fell by 0.4 percent in June, although lending for home mortgages picked up.
Consultancy group Ernst & Young said it expects "that tight lending criteria will remain for some time, which will hamper growth in the eurozone in the next couple of years."
ECB president Jean-Claude Trichet is thus likely to repeat calls for banks to assume their traditional role of purveyors of credit to the wider economy.
In July, Trichet said that "the challenge remains for banks to expand the availability of credit to the non-financial sector when demand picks up."
Recommend
Send
IM Story
Print
News Search
Top Stories
Barclays bank says net profits soar 29 percent
ECB mulls alternatives to rate-cut to spur growth
Phelps swims to two titles as Peirsol falls
US economy adds private jobs but at lackluster pace
Hope for Gulf as BP plugs well, most of the oil gone
More Top Stories »
ADVERTISEMENT
Most Popular
Most Viewed
Most Recommended
Elite US cyber team courts hackers to fight terrorists
Israel cuts down trees that caused Lebanon clashes
US obesity growing 'faster than anyone imagined'
Spanish resort city readies to host Michelle Obama, daughter
BP partner refusing to pay 1.2-billion-dollar oil spill bill
More Most Viewed »
Parachuting donkey shocks Russian beachgoers
Argentine students crack three-decade-old murder mystery
World's first full face transplant man appears on TV
Paris Hilton caught with cannabis in handbag
Calcium supplements linked to heart attacks: study
More Most Recommended »
Elsewhere on Yahoo!
Financial news on Yahoo! Finance
Stars and latest movies
Best travel destinations
More on Yahoo! News
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Subscribe to our news feeds
Top StoriesMy Yahoo!RSS
» More news feeds | What are news feeds?
Also on Yahoo!
Answers
Groups
Mail
Messenger
Mobile
Travel
Finance
Movies
Sports
Games
» All Yahoo! Services
Site Highlights
Singapore
Full Coverage
Most Popular
Asia Entertainment
Photos
World Cup 2010
Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.
Terms of Service |
Privacy Policy |
Community |
Intellectual Property Rights Policy |
Help
Other News on Thursday, 5 August 2010 U.N. supports Israeli claim on Lebanon clash
Medvedev sacks officers over Russia fire failures
Petraeus issues new rules to avoid civilian casualties
Intel to end tactics against competition: FTC
Italy rejects no-confidence motion against junior minister
US-TECH Summary
BP partner refusing to pay 1.2-billion-dollar oil spill bill
Iran's Ahmadinejad unhurt after blast near motorcade
Chechen rebel chief revokes resignation: video
LinkedIn makes first acquisition
Piano 'played by Mozart' discovered in Germany: report
UAE decision to ban BlackBerry services 'final'
Israel warns Lebanon but also seeks calm along border
Time Warner profits top forecasts
US economy adds private jobs but at lackluster pace
Yes voters take early lead in Kenya referendum
|
More than 50,000 altar servers gather at Vatican
40 US billionaires pledge half wealth to charity
Mexico drug cartels use gory videos to spread fear
|
Siemens to cut 2,000 IT jobs in Germany
Cuba lawmakers to hear Fidel Castro nuclear fears
|
Google's Android takes lead in US consumer smartphones
Russia moves radioactive material from nuclear site
U.N. council calls on Iraq to form government soon
|
UAE decision to ban BlackBerry services 'final'
Criminals, spies swamp cyber world: experts
Fires rage in Russia, death toll rises to 48
|
Japan's DoCoMo ties up with publisher to launch e-books
Point and peek iPhone app for Aussie househunters
Six wounded in mosque attack in violent Karachi
Devastating Pakistan floods sweep Punjab
Death toll from Pakistan political unrest reaches 70
New Zealand makes Champions Trophy history
Messi stars as Barca beat K-League All Stars
Google's Android leads U.S. smartphones
|
Microsoft and Salesforce settle patent tiff
|
Nearly 1,700 dead, missing in China floods
US-ENTERTAINMENT Summary
LinkedIn makes first acquisition
|
Asian ministers fret over millennium goals
Wyclef Jean set to announce Haitian presidency run
Pakistan president attacked over Europe trip after floods
Swiss film fest with Asian touch to show banned zombie movie
Airil leads Selangor Masters golf after first round
India Tata Group starts quest for Ratan Tata successor
China taps celebs to star in image-boosting commercials
Record China sales boost Daimler
Rice paddy art puts Japan village on the map
Salman Rushdie headlines Brazilian book festival
India says overly aggressive rate hikes could hurt recovery
Media giant Time Warner's profits top forecasts
Japan's automakers recover but challenges remain
China to step up crackdown on hot money inflows
Yen emerges from shadow of action stars Chan, Li
Huang denies making formal bid for Liverpool
Taiwan cabinet opposes court ruling on AU plant
Kanye West paints his way back onto MTV
|
Avenged Sevenfold earns first No. 1 on album chart
|
Wyclef Jean set to announce Haitian presidency run
|
Suicide attack kills six Afghan police
Suicide bomber kills 7 Afghan police in north
Petraeus clarifies rules on Afghan air strikes
|
Mideast BlackBerry ban hits Hollywood and media
Hollywood glad kids willing to pay for content
China defends dealings with Iran after US pressure
IBM and Aetna tie up to offer clinical support service
U.N. council calls on Iraq to form government soon
Microsoft and Salesforce end patent duel
Google phones unseat BlackBerry as US best seller
Suicide bomber kills six police in Afghan north
|
Google Android gains pace, social Web a focus: CEO
Verizon and Google reach Internet traffic deal: sources
ECB mulls alternatives to rate-cut to spur growth
Too few users catch Google's 'Wave'
Phelps swims to two titles as Peirsol falls
Ex-PM Rudd charges into Australia poll race
Factbox: BlackBerry security explained
S.Korea kicks off military drill despite threats
Hope for Gulf as BP plugs well, most of the oil gone
Magnitude 5.7 quake hits near Concepcion, Chile
|
Petraeus clarifies rules on Afghan air strikes
China protesters cut off and swallow fingertips
40 US billionaires pledge half wealth to charity
Pakistan's Sindh province braces for floods
|
Giuliani daughter arrested at NYC cosmetics store
Military shakeup could derail Thai peace moves
Obama turns 49 with Mrs. Obama, kids out of town
Hong Kong Octopus chief resigns after data sale
Federal judge strikes down Calif. gay marriage ban
Japan child porn cases surge to record high
UN chief in Japan calls for end to nuclear arms
Group sues to stop mosque near NYC's ground zero
Pacific meeting focuses on Fiji, climate change
UN rushes envoy to mounting Pakistan flood crisis
10 missing after Indonesian ships collide
Google's Android leads U.S. smartphones
|
Google Android gains pace, social Web a focus: CEO
|
Indonesia posts 6.2 pct growth in second quarter
Mideast BlackBerry ban hits Hollywood and media
|
January Jones "sucks it up" for Emmy
Chinese import prompts S.Korea car safety fears
Island paradises for sale or rent
Verizon and Google reach Internet traffic deal: sources
|
Seoul shares end down; banks sink on foreign selling
Hollywood glad kids willing to pay for content
|
China bank adviser urges more flexible yuan
Piracy forces Taylor Swift to rush out new single
British drink to good health at beer festival
S.Korea says China trade talks likely next year
"Expendables" revels in excess
IBM and Aetna tie up to offer clinical support service
|
PAKISTAN
Philippines suffering from migrant brain drain
Web porn saga "Middle Men" boasts colorful cast
S.Korea says facing risks despite recovery
Prosecutors claim doctors over-medicated Anna Nicole
New Zealand Post 2010 profit to fall on one-offs
Restraining order for accused DiCaprio bottle attacker
NZ unemployment rises, chances of rate pause grow
Michael Jackson's last home up for sale
Prosecutors claim doctors over-medicated Anna Nicole
|
Lady Gaga to Green Day, Lollapalooza boasts motley cast
|
Restraining order for accused DiCaprio bottle attacker
|
Piracy forces Taylor Swift to rush out new single
|
January Jones sucks it up for Emmy
|
Web porn saga Middle Men boasts colorful cast
|
Expendables revels in excess
|
Michael Jackson's last home up for sale
|
Corrected
Putin bans Russia grain exports due to drought
Saudis brace for BlackBerry ban, new models in UAE
Karzai orders probe into Afghan civilian deaths reports
|
Suicide attack kills seven Afghan police
Greece still faces problems despite progress: EU-IMF
Iran sees regional alliance to counter NATO
|
Barclays bank first-half profits soar 29%
Kyrgyz troops break up crowd, see coup attempt
|
Suicide bomber kills 7 Afghan police in north
Leaks undermine Afghan support for NATO: UK
|
NATO helicopter goes down in southern Afghanistan
Kenya 'yes' camp declares referendum victory
Zimbabwe sparks accident scare with airport drill
Iran stoning case lawyer in Turkey, seeking asylum
|
Naomi Campbell arrives at war crimes court
Russia in losing battle against spreading wildfires
Kenya votes Yes to new constitution
|
Supermodel Campbell tells court of dirty pebbles
|
Special Report: In Rwanda Inc., an election exposes repression
|
On Facebook, wife learns of husband's 2nd wedding
911 call on Conn. shooting shows racial disparity
NM gov meets with lawman Pat Garrett's descendants
Will Smith teaches son how not to kiss on-screen
Suspected suicide bomber injures 14 in Philippines
Green turtles return to Malaysia but future bleak
S.Korean military in war against foul language
Pakistani stocks, o/n rates end down; rupee weakens
Lebanon to assess security concerns over BlackBerry
|
Sri Lanka tea export earnings to hit record high
Singer Lily Allen reveals pregnancy
India's Reliance eye stake in US shale gas field
Cambodia selecting securities firms for new bourse
Seoul to invite 100 world CEOs to G20 summit
Supermodel Campbell tells court of "dirty pebbles"
Seoul shares end down; banks sink on foreign selling
Indonesia court upholds ban on 'Balibo' film
Will Smith teaches son how not to kiss on-screen
Supermodel Campbell tells court of dirty pebbles
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights