european central bank

The financial stability of Europe has come down to one institution, the European Central Bank, which is under heavy pressure to rescue the euro.

Analysts say Jürgen Stark, described as the European Central Bank’s chief economist, may be leaving over the bank’s bond-buying strategy.

The dollar jumped to a six-month high against the euro Friday as investors speculated whether the European Central Bank could begin cutting interest rates and the head of the Federal Reserve failed to hint at immediate action to support U.S. markets.

The European Central Bank has said it will buy eurozone bond, following emergency talks on the debt crisis.

The European Central Bank said it would delay plans to withdraw emergency measures, but investors had hoped for a stronger display of support.

Trying to inject calm, the European Central Bank hinted it could adopt more aggressive bond-buying measures.

The European Central Bank is poised to start phasing out the extraordinary liquidity measures it set up over the last couple of years when it concludes its last rate-setting meeting of the year on Thursday.

Both the Bank of England and the European Central Bank are looking to see whether current policies have been enough to halt the economic slide in Europe.

The dollar edged up against the euro but fell versus the pound Thursday after the European Central Bank left its key interest rate unchanged, while new U.S. jobless claims dipped less than expected but continuing claims rose.

Having lowered its main refinancing rate to 1 percent, the bank appears to have adopted a wait-and-see approach to additional stimulus.