Bloomberg European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said interest rates may be raised back above zero this year if the euro-zone economy doesn’t suffer another setback. In a speech in Paris, the Bank of France chief also suggested that the ECB should conclude net bond purchases at the end of June — a necessary ...

  Bloomberg Banca Monte dei Paschi di Siena SpA swung to a small quarterly profit as new Chief Executive Officer Luigi Lovaglio seeks to revamp the bailed-out bank ahead of a planned capital raising. The bank reported a net income of 9.7 million euros ($10.2 million) in the first three months of the year reversing a fourth quarter loss, according ...

  Bloomberg Poland’s central bank pledged to continue fighting inflation after its interest-rate increase fell short of market expectations and weakened the zloty. Policy makers in Warsaw lifted the benchmark rate by 75 basis points to 5.25%, the highest level since 2008. Most economists predicted a full percentage-point increase. Future decisions will hinge on the prospects for inflation and economic ...