The European Central Bank took a "pragmatic and realistic" approach to the euro zone when it cut interest rates last week, the CEO of UBS Sergio Ermotti told CNBC.
High-frequency trading performed by computers increases price efficiency in markets, according to a new report commissioned and published by the ECB.
Euro zone bank shares tumbled Wednesday, after the European Central Bank (ECB) revealed tough new stress tests for the region's financial institutions.
The European Central Bank on Wednesday left the door open for further ultra-cheap loans to European banks, saying the bank had an array of instruments at its disposal to support the nascent recovery.
Europe must make a decision as soon as possible on setting up a strong central authority to handle failing lenders, a key plank of establishing a successful banking union, former European Central Bank (ECB) president Jean Claude Trichet urged on Thursday.
The head of the European Central Bank has ruled out handing Greece a debt relief lifeline, hours after the head of the eurozone finance ministers admitted that Athens will need additional aid next year.
The Bank of England has voted to leave UK interest rates at their current record low of 0.5% and decided against a further round of government bond-buying, amid signs of recovery in the UK economy.
European Central Bank President Mario Draghi reiterated on Monday his commitment to low interest rates, saying higher rates were not currently warranted.
For the next few weeks and months, Europe's central bankers will be arming themselves for yet another battle with the bond markets.
European stocks may have loved the forward guidance issued by both the European Central Bank (ECB) and the Bank of England (BoE), but some economists have expressed their concern over the move, arguing that it reeks of desperation.