The rate on its marginal lending facility, by which the ECB offers overnight credit to banks, is going down to 0.25 percent from 0.30 percent. The ECB also announced it would expand the volume of bonds it purchases each month under its programme of quantitative easing to 80 billion euros ($88 billion) from 60 billion euros. And it would also ...

Bloomberg With just over 100 days to go until Britain’s referendum on leaving the EU, Queen Elizabeth II and Bank of England Governor Mark Carney have both been dragged into the debate, showing that personalities will play a crucial role in the outcome. Supporters of a so-called Brexit called for Carney to resign after he identified a vote to leave ...

Bloomberg Croatia plans to narrow 2016 budget deficit using increased government revenue fueled by economic expansion and by cutting technical expenditures and benefits, according to the budget proposal submitted by the cabinet. The budget deficit is forecast to narrow to “within” 3 percent of gross domestic product this year, Finance Minister Zdravko Maric told the cabinet in Zagreb on Thursday, ...