• ECB ups 2017 GDP forecast


    The European Central Bank on Thursday revised its eurozone real GDP growth forecast for 2017 up to 2.2% from 1.9% and credited the contributed of migrants and women for boosting the labour force. ANSA

  • ECB to publish new unsecured overnight interest rate


    The European Central Bank said that its governing council decided to develop a euro unsecured overnight interest rate based on data already available to the Eurosystem. The interest rate, which would be produced before 2020, would complement existing benchmark rates produced by the private sector and serve as a backstop reference rate, it added. This interest rate will be based entirely on transactions in euro that are reported by banks in accordance with the ECB's money market statistical reporting, the bank said. RADIOCOR

  • Eurozone July current account surplus 25.1 bln eur


    The eurozone in July posted a current account surplus of 25.1 billion euros, reflecting surpluses for goods of 26.4 billion, primary income of 10.9 billion and services of 2.6 billion, which were partly offset by a deficit for secondary income of 14.8 billion, according to data released by the European Central Bank. RADIOCOR

  • Italy July NPLs 65.8 bln eur vs 71.2 bln in June


    Non-performing loans (NPLs) held by Italian banks fell to 65.8 billion euros in July from 71.2 billion in June, according to the banking association ABI. It is the lowest level since March 2013. RADIOCOR

  • Global debt may be understated by $13 trillion: BIS


    Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS said on Sunday. REUTERS

  • Italy July trade surplus 6.6 bln eur


    Italy's trade surplus narrowed to 6.6 billion euros in July 2017 from 7.8 billion the year earlier, according to data from statistics bureau Istat. Month on month, Italian exports in July fell 1.4% while imports were up 0.9%. Compared to the year earlier, exports rose 5.1% and imports 10.5%. Imports from fellow European Union member states jumped 12.1% on the year while those from other countries increased 8.2%. RADIOCOR

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