Bloomberg Governor Elvira Nabiullina said a stable and improving inflation outlook will enable the Bank of Russia to embark on steeper monetary easing without putting financial stability at risk. Keeping interest rates on hold for a prolonged period is winning trust that inflation will continue to ease, Nabiullina said at a banking congress in Moscow on Thursday. Even so, she ...

Bloomberg European lawmakers agreed to delay the overhaul of Europe-wide market-rules known as MiFID II by a year in a vote on Thursday in Brussels. The European Parliament adopted the European Commission’s proposal to postpone the start date for MiFID II, the complex law that affects nearly every financial firm operating in the 28-nation bloc, by a year to 2018 ...

Bloomberg The European Central Bank called on its counterpart in Hungary to review several of its programs ranging from education to art and real estate on concern they may violate a prohibition on monetary financing. The activities under scrutiny include a network of foundations the Hungarian central bank created last year, the regulator’s acquisition of the Budapest Stock Exchange as ...