Marketplace®

Daily business news and economic stories

Where the European Central Bank and the Fed differ

To begin with, the mandates for both are different.

A huge Euro logo is seen in front of the headquarters of the European Central Bank in Frankfurt, Germany.
A huge Euro logo is seen in front of the headquarters of the European Central Bank in Frankfurt, Germany.
Ralph Orlowski/Getty Images

The European Central Bank is set to make its next interest rate decision Thursday. It will be the last before ECB president Mario Draghi steps down, handing the reins to his successor, former chair of the IMF Christine Lagarde.

Between the U.S. Federal Reserve’s rate announcement next week and the European Central Bank’s announcement today, monetary policy for about half the world economy is in play. While both central banks set interest rates, the way in which they approach it is a bit different.

Click the audio player above to hear the full story.

Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    2 hours ago
    7:01
  • Marketplace Tech
    7 hours ago
    8:14
  • Marketplace
    19 hours ago
    25:58
  • Make Me Smart
    a day ago
    13:06
  • How We Survive
    2 days ago
    14:10
  • Million Bazillion
    2 days ago
    31:13
  • This Is Uncomfortable
    2 months ago
    37:19
  • Financially Inclined
    3 months ago
    12:30
  • The Uncertain Hour
    4 months ago
    22:50
  • Corner Office from Marketplace
    5 years ago
    20:58