Mario Draghi, head of the European Central Bank (ECB), is seen in the newsroom to speak to journalists after a meeting of the ECB governing board in Frankfurt, Germany. Photograph: Hannelore Foerster/Getty Images

European government borrowing rates plummeted to record lows, the euro weakened to an 11-year low against the dollar and stock markets rallied after t(...)

European Central Bank (ECB) president Mario Draghi is expected to hold off on cutting interest rates. Photograph: Francois Lenoir/Reuters

The European Central Bank decided not to take any action at its meeting today because economic and monetary conditions h(...)

Germany’s constitutional court will refer a complaint against the ECB’s flagship bond-buying scheme to the European Court of Justice. photograph: sascha schuermann/afp/getty images

There was a distinct whiff of sour grapes about last week’s ruling from Germany’s constitutional court in Karlsruhe. The scarlet-robed judges w(...)

European Central Bank president Mario Draghi at the Spring Meeting of the International Monetary Fund and World Bank in Washington last month. The Irish Small and Medium Enterprises Association has called on the Government to take the “strongest action possible” to force banks to pass yesterday’s ECB interest rate  reduction.    Photograph: Yuri Gripas/Reuters

About 400,000 homeowners on tracker mortgages will benefit from the 0.25 per cent interest rate cut announced by the European Central Bank yest(...)