Tag: European Central Bank

September 13, 2016 BY Valentina Kirilova

Clearstream announces August report, prepares for its migration in February 2017

Clearstream has just announced its August report. The highlights last month are: - Successful TARGET2-Securities wave three migration - Clearstream prepares for its migration in February 2017 After the successful third migration wave, TARGET2 Securities (T2S) is now gaining momentum, and Europe is one step closer to a harmonised settlement. With its own migration drawing…

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September 04, 2014 BY Mike Fox

ECB cuts key rates in surprise move - brokers welcome volatility

The European Central Bank (ECB) surprised financial markets today, Thursday September 4th by paring back its key interest rates to new all-time lows. Against a background of growing concern that the single currency area is on the verge of deflation, the ECB cut its central "refi" refinancing rate to 0.05 per cent from 0.15 per…

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