Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps
The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that the institution was ready to provide liquidity if necessary.
Deutsche Bank: We Wouldn’t Rule Out a Brief Halt in the ECB’s Rate Hike Cycle if Markets Have Not Stabilised by Thursday
Deutsche Bank: We Wouldn’t Rule Out a Brief Halt in the ECB’s Rate Hike Cycle if Markets Have Not Stabilised by Thursday.
Just-In: European Central Bank Hikes Interest Rate By 0.5%, Warns More To Come
The European Central Bank (ECB) diverged from the Federal Reserve by increasing its key interest rate by 0.5% points and indicated it would impose a similar increase in March as well. This was done because robust economic growth in the eurozone and a rapid reopening of China’s economy is expected to keep inflation high.
ECB Official Urges CBDC Development for the Good of Cryptocurrency and Consumers
European Central Bank (ECB) executive board member Fabio Panetta has been a vocal supporter of central bank digital currency (CBDC) and cryptocurrency sceptic, and he presented his latest argument for CBDC on Jan. 5. Writing on the official ECB blog, he said that, by developing CBDCs, central banks “will safeguard the trust on which private forms of money ultimately depend.”
ECB Executive Wants Crypto Regulated Like Gambling Due to ‘Speculative Nature’
Following the crypto sector crash of 2022, a European Central Bank (ECB) executive board member has called for increased oversight of the sector
The P2P Revolution Will Resume Despite CBDCs and ECB’s Anti-Crypto Stance
Bitcoin reached the bank’s attention with WikiLeaks in 2010, presenting a revolutionary concept light years ahead of the banks’ methods, effectively canceling trusted third parties and allowing P2P transactions.
Regulation Alone Isn’t Enough to Address Shortcomings of Crypto, Says ECB Board Executive
According to Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB), solid foundations for the broader digital finance ecosystem are needed to harness the possibilities of digital technologies, and that regulation alone will not be enough to address the shortcomings of cryptos.
ECB Publishes New Digital Euro Report, Rollout Decision in Fall 2023
The European Central Bank (ECB) has published its second report on the feasibility of launching a digital euro.
Crypto Assets Need To Be Regulated at a Global Level, ECB’s De Guindos Says
European Central Bank Vice-President Luis de Guindos said on Monday that crypto assets need to be regulated at a global level to avoid loopholes in the financial system.
ECB Official Proposes Ban on Tokens With an ‘Excessive Ecological Footprint’
Fabio Panetta, an executive board member of the European Central Bank (ECB), proposed banning crypto assets with a significant environmental impact as part of efforts to address risks.
