Sentences with phrase «currency bloc»
Currency bloc refers to a group of countries that share the same currency or have their currencies closely linked together. It allows for easier trade and economic cooperation among the countries within the bloc because they don't have to constantly exchange currencies when doing business with each other. Full definition
The ECB argued that cross-border interbank trading in the 19 - member currency bloc remains relatively low, cross-border equity or bond holdings are not increasing, and retail banking integration is limited.
reuters.com
In a preliminary estimate, the single currency bloc grew by only 0.4 % quarter - on - quarter in the January - to - March period, marking the lowest rate since the third quarter of 2016.
Inflation across the 19 - country eurozone remains stubbornly low even though the economic recovery across the single currency bloc appears to be gaining more and more momentum.
Gold futures fell the most this year on speculation that Greece's anti-austerity party victory won't result in the country leaving the euro currency bloc, crimping demand for haven assets.
The final reading for a leading PMI covering both manufacturing and services across the single - currency bloc climbed in April to its highest level in six years, and it appeared to signal synchronized improvement extending across all of the larger economies.
Its solid performance over the three months to June helped to push year - on - year growth in the single - currency bloc up to 2.1 %, the highest level since 2011.
World financial markets reacted nervously to the prospect of a government stalemate in the euro zone's third - largest economy with memories still fresh of the financial crisis that took the 17 - member currency bloc to the brink of collapse in 2011.
Such profound region - wide limitations make recovery for any member of the currency bloc all the more remote.
Repeating the bank's standard policy message, Draghi said the currency bloc's strong growth momentum has strengthened his confidence in the inflation outlook but that patience and persistence with ECB policy were still needed.
Euro zone officials have long debated setting up a deposit insurance scheme but Germany opposes this, fearing that German taxpayers would be asked to foot the bill for bailing out weaker banks on the currency bloc's periphery.
Overall, while Europe has avoided «Grexit» (meaning a Greek exit of the currency bloc) in the immediate term, the Greek economy remains in intensive care.
Eurostat's figures on Friday also showed imports of goods to the euro zone fell 3.0 % in December, illustrating the fragile state of domestic demand in the currency bloc.
Factories in the euro zone raised their prices in July as energy costs swelled, pointing to further upward pressure on consumer prices in the currency bloc later this year.
Marilyn Watson, head of Global Fundamental Fixed Income Strategy at BlackRock predicts: «Given the currency bloc's improving fundamental backdrop and recent impressive data releases, particularly in Germany, not to mention the shortage of supply of bonds to buy, we believe that the ECB will fully taper its asset purchase programme by the end of 2018.»
European Commission chief Jean - Claude Juncker on Sept. 13 called for the appointment of a euro zone finance minister role to coordinate economic policy across the currency bloc, but suggested the job could be done by someone who was already a senior European commissioner.
Greece's departure from the currency bloc would probably be more of an emotional than an economic tragedy for the region, in my opinion.
Business and consumer surveys pointed to continued momentum in the third quarter, keeping the single - currency bloc on course to potentially deliver its strongest calendar year of growth in a decade.